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Old 02-20-2014, 12:11 PM
Idle Idle is offline
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And in other news we find that since the southern leg of Keystone, which runs from Cushing to the Gulf Coast, has opened Light Crude from Texas and Oklahoma has jumped by $2.75 cents a barrel. If you are a producer in Oklahoma that translates to an increase of $880,000 a day or $321,000,000 a year in extra spending money.

But that is just to the producers, their shareholders and the land owners. For the state of Oklahoma there is $25,696,000 extra in tax dollars a year. Now these numbers are just estimates, but they are close ones.

The reason for this is that oil could get into Cushing, which is the oil hub in the mid-America region, but it could not get out except by tanker truck or by rail.

As weird as it sounds this actually bothers some people here since this is just what Obama said would take place. This is why he cut all the red tape to get the southern leg built. When oil producers laid out the economics to him he decided to put everything he had behind the southern leg of the project. If he had not it would still be under construction.

Note that Obama did not, like the government in Nebraska, cut any corners. Everything was just pushed to the front and given importance. If Nebraska had done the same it is likely the XL would be under construction by now.

Nebraska's new state motto: There is never time to do it right, but there is always time to do it over.
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