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PunkCPA t1_iun39xp wrote

Maybe that LNG pipeline wasn't such a bad idea after all.

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iamnotemilio t1_iungwka wrote

Natural Gas and oil are global commodities. Unless the gas is being stored explicitly for domestic use, like the strategic stockpile was, the pipeline would just speed up delivery to the international market.

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irondukegm t1_iunl9xo wrote

Not true, outside of the Gulf coast, pipelines only serve the domestic market

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ganduvo t1_iuob7fc wrote

I remember when people were up in arms about Biden cancelling the Keystone XL pipeline because they thought it would cut tons of local jobs and massively increase domestic oil prices. They didn't realize that the pipeline's primary purpose was literally to sell Canadian crude to other countries, and that the oil companies actually wanted to cancel the pipeline anyway because (at the time) the cost of oil had gone down so low that it wasn't worth it.

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