Quote:
Originally Posted by SuckOnThis
How exactly is this a win for the USA? The oil companies just get the oil cheaper, pay no taxes on it, and then resell it at market price. Do we get gas at a cheaper price? Nope.
Your title should read OIL COMPANIES win-win
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Actually if you take Canada as the example, once the oil sands became 'workable' if you will the economic boost for the province of Alberta as well as Canada as a nation on the global energy-producing market was sky-high.
I'd wager a guess that if this coal project pans out as anywhere close to anticipated it will very much mean a great economic boon for the US, especially the States who are most producing.
But you're right, it's highly doubtful there will be any benefit to the masses by way of reduced gasoline prices. Of course if an oil rig worker farts loud enough the prices go UP, but add in a massive multi-trillion-dollar oil find that didn't exist before and well all know the price
should drop... but no one should hold their breath for it.
And now, back to my confusing Canadian sarcasm mode.... :D