John, The increase in availability of oil would occur in the markets to which the oil is being exported, and therefore the price would dip in those markets. Yes, the price of petroleum would dip in China, or Europe, or wherever the additional supplies are exported to. But these factors are of course figured into the mix by oil company economists and accountants. Obviously they anticipate still making more money per barrel by exporting it than by selling it domestically. Even if the act of supplying those offshore markets causes a drop in prices there, the bottom line would still outweigh selling the oil locally. Why else would they be interested in exporting it, if they could get as much for it domestically? Think of it this way. Saudi Arabia has been drowning in oil for what... seven decades or so? If they didn't export their oil they could make no money on it because their domestic market is only so big and gasoline would likely sell for the equivalent of something like 2 cents/gal. As it is, gasoline is still cheap there, but the value of it has gone up because they can get much more for it if they export it to areas of the world that don't have their own surplus reserves. Kelly A. From: schalestock@xxxxxxxx Date: Fri, 9 May 2014 10:40:04 +0000 To: sparkscoffee@xxxxxxxxxxxxx Subject: [sparkscoffee] Re: How much does it cost to buy the U.S. Senate? Kelly, With all due respect, there seems to be a flaw in your logic. If you agree with the basic economic principle of supply and demand, wouldn't an increase in oil availability decrease cost? I grant you oil is fungible on the world market, but the supply and demand principle still applies. Which means the oil oligarchs would still have to play by that rule and the "trickle down" would benefit U.S. consumers. Regards, JS ---------- Original Message ---------- From: Kelly <kellyutah@xxxxxxxxxxx> To: "sparkscoffee@xxxxxxxxxxxxx" <sparkscoffee@xxxxxxxxxxxxx> Subject: [sparkscoffee] Re: How much does it cost to buy the U.S. Senate? Date: Thu, 8 May 2014 20:02:54 +0000 I think it's funny how the pipeline issue is being cast as an environmental issue. This completely masks the real economic issue here. A massive source of cheap fossil fuel energy that could power a resurgence of the American economy has been discovered right here on our own continent. Refining and selling locally to Americans would result in dramatic price reductions in gasoline and other petroleum distillates. But there's more money in selling it overseas, so the big oil companies need to build a pipeline to get the oil to a seaport where it can be put on ships and sold for a higher profit. Oil companies will get their cake and eat it too. They'll sell local oil overseas wherever they can maximize profits, while at the same time, keeping a lid on local supplies and therefore price. If you support giving Keystone their pipeline you're supporting continued outrageous prices at the gas pump. Kelly A. Date: Thu, 8 May 2014 07:50:44 -0600 From: ristad@xxxxxxxxxxx Subject: [sparkscoffee] How much does it cost to buy the U.S. Senate? To: Left wing billionaire pledges $100 million to buy the Senate. -RR One man has answered the question, "How much does it cost to buy the U.S. Senate?" The price tag and his name came to light as the only plausible explanation for an otherwise inexplicable event. Two months ago, an even more bizarre spectacle than usual took place on the Senate floor. From the evening of March 10th through to the next morning, about 30 Democratic senators held a 14-hour+ speechathon. The event was billed as an attempt to push America into addressing "climate change." Translation: It was meant to publicize measures that would rectify so-called 'global warming' and protect against environmental 'threats' such as the oil and gas industries.... Thomas Steyer...has been called the most influential man in America with whom next to no one is familiar... ... Steyer hosted a recent fundraiser at his San Francisco home that netted the Democratic Senatorial Campaign Committee $400,000 and where Senate Majority Leader Harry M. Reid (D-Nev.) and the six other Democratic senators in attendance openly discussed plans for ...[ the] talkathon, according to reports." In other words, the speechathon was planned at the billionaire's home in Reid's presence. The uber-influencial Reid is the same Democratic Senator who lambasted the billionaire Koch brothers for their donations to Republican causes and campaigns. On March 10, the Business Insider reported Reid as stating, "I'm trying to find a Republican � somebody, anybody � who will raise an objection to two brothers trying to buy America." Apparently, Reid wants only the Senate to be up for sale, and only to a Democratic buyer. How Much Did it Cost ... Steyer and the Democrats? So what was the Senate's price tag? Let's see ... the talk-a-thon reportedly lasted 15 hours. With the dangled pledge of $100 million to Democrats, Steyer was able to buy (or rent) the floor of the Senate at a rate of $6 million an hour. I agree with the twitterer who wrote, "Who says Congress is broken?" The fact that someone is willing to pay $6 million an hour for it is a clear free-market sign of its worth. Correction: This has nothing to do with the free market. How Much Does the President Cost? Political commentary sites are openly speculating on whether Steyer can buy Obama's final decision on the Keystone XL Pipeline, which would supply vast quantities of Canadian oil to the U.S. The project has strong bipartisan and public support; even two lengthy environmental analyses by the State Department couldn't point to any major environmental impact. Nevertheless, as the Sunshine State News (Fla., April 25) reported: "Never mind the Kochs. After assessing who did what bad to America lately, I nominate Tom Steyer for the top of the list. Last week the billionaire hedge fund manager from San Francisco bought off the White House to the tune of $100 million in order to delay the Keystone XL pipeline decision." (Note: Steyer retired some while ago from the hedge fund business.) Predictably, Landrieu broke Democratic ranks to castigate the delay. She called Obama's decision "irresponsible, unnecessary and unacceptable" � a move to satisfy extreme radicals while sacrificing 42,000 jobs and billions from the economy. Other Democrats, such as Sen. Mark Begich of Alaska, joined her. The man who bought the Senate floor, the man who bought Obama ... Thomas Steyer may also become the man who thwarted Keystone and drove Canadian oil toward China. If he fractures the Democratic Party, however, he may cost them more than he can deliver. "When you believe in things that you don't understand, then you suffer" - Stevie Wonder "Superstition" ____________________________________________________________ The #1 Worst Carb Ever? Click to Learn #1 Carb that Kills Your Blood Sugar (Don't Eat This!) FixYourBloodSugar.com