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Originally Posted by Shifty86
Or Uke is the biggest Trudeau fanboy itt and defends him every chance he gets (except for Trans Mountain).
I know you don't know much about the Canadian oil industry, but Trans Mountain and Keystone XL are different pipelines, and yes I oppose him on both which is a bit of an odd thing for a putative fanboy to do, no? Of course the truth is that I am hardly a fanboy of Trudeau. I have substantial policy and values differences on him, from the left, that I've explored at various times ITT. The appearance of "fanboy" is purely an artifact of the fact that one person ITT abhors Trudeau and just gives a tonne of truly terrible arguments, largely from the right. It is simply a mistake to conflate that with me actually supporting trudeau's policies myself.
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Are you asking me to make a prediction on the most traded commodity on the planet that is greatly impacted by global events like weather, pandemics, wars, economics?
This is basic economic theory. You don't have to consider every single other factor. When the price of a commodity changes, how does that affect demand? Your view is that they will just ship by rail instead of oil. True, but the key observation is likely
not in the same amount.
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If all experts predict oil demand will continue to rise for the next 20 years why do you not want it transported by the safest, most efficient, environmentally safest way possible?
Demand depends on prices, as any person that supports markets - like I do - knows. Remember, I'm a supporter of a MASSIVE increase in the carbon tax and this increase in prices would significantly damped demand and shift the economy away from a reliance on oil. KeystoneXL reduces the transportation costs, and so works in the opposite direction.