On Mon, Aug 07, 2006 at 08:51:36PM -0500, Kaleb C. Striplin wrote: > Y'all heard about the pipeline today? They say oil will go up by $10. > We are screwed.
This is approaching OT for a mercedes list. Either way, it probably isn't going to go up all that appreciably. Estimates are that the pipeline really only contributes somewhere between five and eight percent to the west coast supply (since most of that oil is sent overseas - yes, america exports a LOT of refined fuel), AND that there is currently somewhat of a surplus of refined fuel in the market right now. Japan, OTOH, one of the big recipients of the refined fuel that comes from that pipeline will notice a price spike. A lot of the analysts that are concerned about the pipeline are from asian countries/companies. The price of crude didn't do anything drastic today on the market when it was announced. BP's stock took a hit though. If you aren't happy with the price of fuel, there is a VERY easy solution. Buy less fuel. K
