An article at Rigzone about the impact of Canadian oil in the pipelines of America. Take note, a new pipeline is going to go through Chicago (underground I am sure) from Canada to Oklahoma.
Read this article carefully and consider its implications; local small oil producers get crushed and America retains its dependence on foreign oil, albeit Canadian. I suppose because it's Canadian oil that's OK. They look like us and share our values. I mean really, who would you rather be dependent upon? The Canucks or the Arabs?
I ask this, not to be snarky (well OK, maybe a little) but to point out that the continuing claims of ending dependence on foreign oil are nothing more than hot air. The current situation in those pipelines is hurting some fellow Americans, and creating a situation where dependency on Canada is all but assured. Is Canadian oil foreign or domestic? I vote "foreign" since it isn't being produced in America. Therefore, we will never end our dependency, never. On top of that, life becomes hell for American producers, who cannot get access to the pipelines. I notice no one is gnashing their teeth over that. Yet. The article points out that it is a sensitive subject. Would it be less sensitive if the players were sitting in the Arab Peninsula? Well? Would it?