Sunday, February 24, 2013

Wow, Wow, Wow -- Bloomberg -- February 22 -- Is The Price of Gasoline Tied To the Keystone Pipeline?

The whole video is interesting.

Someday the link will be broken: this was the URL: http://www.bloomberg.com/video/is-price-of-gas-pegged-on-keystone-pipeline-wUujPkWsRfqsT4iaBxIAjQ.html

But go to 2:30 at the video: expert suggested that gasoline and Keystone XL related. Incredible. Absolutely incredible. The comment was thrown out and quickly passed over. And then, finally at 4:00 minutes they get back to the Keystone XL.

Now, go back to my poll. Wow. I'm glad to see the Bloomberg folks are reading the MDW. This is the first time I've seen a mainstream media discussion suggesting the singular reason for the soaring gasoline price was the policy decision to kill the Keystone XL 1.0 pipeline one year ago.

By the way, one of the talking heads, one of the males, completely misspoke when he suggested the glut at Cushing was the reason for the high price of gasoline. Or at least I'm missing his line of reasoning. At least two of the three talking heads thought oil would be down to $85 by now and headed toward $70, mostly because of the expectation that Canadian oil sands at huge discount (currently discounted as much as $60 to Brent) would be reaching the US gulf coast heavy oil refineries by now.

Results of the poll.
Background to the poll.
The poll -- February 17, 2013 -- a full week before Bloomberg asks the very same question. The very same question.

A big "thank you" to Don for finding this video and sending the link this way.

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