The shale oilfields are also a natural gas goldmine. Electricity costs are holding steady or decreasing in the Midwest as more natural gas burning power plants come online, replacing coal plants.
California is left out in the cold. They haven't planned ahead for the shale revolution. If they paid for and permitted new pipelines to bring in the oil and gas from the shale oilfields in Texas, it would take 7 years before the flow into California could start. It's too late. California will need to keep importing oil from the Mideast, and that's about to become much more expensive. Enjoy the high gas prices and the electrical blackouts, California. You are in for a dystopian future full of them.
Can't ship it from Canada. There's no pipeline from Canada to California, and the Canadian oilfields are in Alberta, which doesn't have a seaport or a navigable river. Furthermore, the Canadian fields are being carbon taxed by Trudope, and Alberta has to send a large portion of it's oil revenue to the other Canadian provinces as "equalization" payment. Oilfields up there are being shut down because the profit margin isn't there anymore.
Canada relies on selling it's oil to the US because we are the only country that Canada can transport it to. The Canadian oilfields are cut off by the Rockies from the western Canadian seaports. But we are producing enough of our own now, so Canada's oil exports will dry up before a pipeline can be built from California across the Rockies to Alberta.
The shale oilfields are also a natural gas goldmine. Electricity costs are holding steady or decreasing in the Midwest as more natural gas burning power plants come online, replacing coal plants.
California is left out in the cold. They haven't planned ahead for the shale revolution. If they paid for and permitted new pipelines to bring in the oil and gas from the shale oilfields in Texas, it would take 7 years before the flow into California could start. It's too late. California will need to keep importing oil from the Mideast, and that's about to become much more expensive. Enjoy the high gas prices and the electrical blackouts, California. You are in for a dystopian future full of them.
Heck ship if from Canada. Doesn't matter really, the global supply affects the price per barrel not regional US.
Can't ship it from Canada. There's no pipeline from Canada to California, and the Canadian oilfields are in Alberta, which doesn't have a seaport or a navigable river. Furthermore, the Canadian fields are being carbon taxed by Trudope, and Alberta has to send a large portion of it's oil revenue to the other Canadian provinces as "equalization" payment. Oilfields up there are being shut down because the profit margin isn't there anymore.
Canada relies on selling it's oil to the US because we are the only country that Canada can transport it to. The Canadian oilfields are cut off by the Rockies from the western Canadian seaports. But we are producing enough of our own now, so Canada's oil exports will dry up before a pipeline can be built from California across the Rockies to Alberta.
Can't wait for Russia to lose out on oil Revenues. This could crash out Iran, too.
This made me smile. 'Merica!