re: #164 Obdicut

Nope. Doesn’t change the fact that oil is still plentiful in the Middle East.

I’m not sure what you’re not getting about this. What matters is the total consumption of oil. We can buy all our oil from Canada, but it won’t matter; the size of the market is what matters. That’s what determines everything: how much money the assholes in the ME make off of oil, how much political leverage the states in the Middle East have, etc.

which is why the fungible argument is an argument for building the keystone pipeline. Adding an additional 500 million barrels a day to the market drives down the price reducing the amount of money made off of it by nations we don’t like.

I agree that it doesn’t really matter where the oil comes from but some prefer to only deal with other nations/companies that they approve of, I can understand that.