I heard Chuckie Schumer wax idiotic on this on a radio news blurb.
*!SIGH!* Yea, we could legislate the oil be uused in America. Roo_ster already pointed out the consequences; oil is highly fungible. It moves hither and yon in tankers. The Alaskan Pipeline resulted in a lot of oil going overseas too -- Japan, IIRC.
But the act of pumping oil, and shipping it, that has the effect of putting more of it in the world's supply and guess what effect THAT has on oil prices? Keeps it down. Not that we really need more downward pressure on oil prices, really; the Dow Jones is down 250+ pts. due to low oil prices, but I suspect this will change.
Make the steel here? Fine. And again Roo_ster pointed it out that that means higher prices. We ought to be higher up the chain when it comes to steel production .... but that won't be changed very much by just this pipeline.
The way this country has acted on this has irritated the *** in some Canadian circles. They ARE our neighbors and our friends and I think we ought to treating them more respectfully. Just let this pipeline get done and make everyone happy. It's gonna happen one way or another.
STOP the political nuttery!!!!!
But our jack-asses in D.C. have to be ... jack asses I guess....