Bert

It is compared to the $4 you claimed they would pay. You know damn well that is a lot of money for those small communities.

That is a good description of your understanding of property tax, specifically property taxes on pipelines.

YES! Typical Minneapolis.

$4 million during construction. Here is the important part: The State Department estimated that once construction is complete and full operations begin, a total of $55.6 million in property taxes would be collected each year by local governments containing pipeline and pipeline facilities.

No. Born and raised in Texas and the only cowboy hat I had was when I was 9 or 10 years old.

I completely agree. US producers are taking a very cautious approach at this time. I think part of the confusion is people lump together the refining industry and the E&P industry. Also, causing confusion is there is not a 1:1 relationship between oil prices and gasoline prices.

Also screwed are the schools and local communities that lost huge property tax revenues.

Environmentalists and Indigenous communities.

I agree, not building the 3 pipeline keeps the price of Canadian oil coming to the US low. My point was XL only does not have enough capacity to significantly increase the price of Canadian oil coming into the US.

I respectfully disagree. Canada has not found any significant work arounds. There is a huge amount of oil trapped and production shut in in Alberta. Keystone XL did not have enough take away capacity to warrant a significant increase in the price of Canadian Crude going into PADD 2. Now, if Energy East and Northern Gateway had been constructed as planned then yes there would have been a significant increase in the price of Canadian crude. As you said the point is moot as none of the 3 pipeline projects were constructed. Alberta is screwed. They have huge oil resources, global prices and demand are increasing rapidly and they have no way to increase take away capacity.

Completely agree.

Biden claimed he has always been an advocate for the environment and when he was VP he advised the dinosaurs to stop burning fossil fuels.

I agree the president has little impact on gasoline prices. There are other significant factors at play than purely COVID demand. Demand is coming back to pre-COVID demand but the prices are higher than they have been in almost a decade. High gasoline prices are not great for the oil and gas industry as a whole. High oil prices and natural gas prices are great news for the people you mention. Refiners are getting hammered by high oil and natural prices. There are also significant supply issues causing the gasoline prices. Wind and solar are actually part of the reason for the spike in crude and natural gas prices which is not helping gasoline prices. The answer to lower gasoline prices is more refining capacity but politics won't allow that to happen. Much like the huge push for electrification is going to increase the need for reliable electricity but politics will only allow the building of intermittent electricity sources which is going to create an increase in need and price for natural gas and coal as well as increased instability in electricity supply.

It is focked up. I was a member a long time ago and last year the same crap started happening.