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by tootie
4196 days ago
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The US government doesn't really have the authority to set export levels the way OPEC does. Our exports are up because we have so much shale gas. Obama already nixed Keystone XL and now Gov Cuomo has just banned fracking in NY state. The headwinds are against continued increase in output. |
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I don't think that follows. For one, Keystone isn't necessary, the industry will just continue doing what it's been doing: trucking the oil from wells to existing pipelines. Keystone is less expensive and more environmentally friendly but not necessary.
While NY banned fracking, other states have seen their opposition movements collapse, like Colorado, where Rep. Polis' petition was withdrawn and a key senator was defeated (Udall), ostensibly due to his opposition to increased production.