Scrotum, you ignorant slut!
•By draining Midwestern refineries of cheap Canadian crude into export-oriented refineries in the Gulf Coast, Keystone XL will increase the cost of gas for Americans.
•TransCanada’s 2008 Permit Application states “Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
•Independent analysis of these figures found this would increase per-gallon prices by 20 cents/gallon in the Midwest.
•According to an independent analysis U.S. farmers, who spent $12.4 billion on fuel in 2009 could see expenses rise to $15 billion or higher in 2012 or 2013 if the pipeline goes through. At least $500 million of the added expense would come from the Canadian market manipulation.
Deepscrotum, did your brother tell you this?
Key Facts on Keystone XL
Energy Security: Tar Sand will not Reduce Dependence on Foreign Oil
Keystone XL will not lessen U.S. dependence on foreign oil, but transport Canadian oil to American refineries for export to overseas markets.
•Keystone XL is an export pipeline. According to presentations to investors, Gulf Coast refiners plan to refine the cheap Canadian crude supplied by the pipeline into diesel and other products for export to Europe and Latin America. Proceeds from these exports are earned tax-free. Much of the fuel refined from the pipeline’s heavy crude oil will never reach U.S. drivers’ tanks.
•Reducing demand for oil is the best way to improve our energy security. U.S. demand for oil has been declining since 2007. New fuel-efficiency standards mean that this trend will continue once the economy gets back on track. In fact, the Energy Deptartment report on KeystoneXL found that decreasing demand through fuel efficiency is the only way to reduce mid-east oil imports with or without the pipeline.
Fact is there are already 700,000 barrels a day more capacity in existing pipelines that can be used.
The bottleneck is from OK to Houston and that pipeline is approved.
Fact is Nebraska does not want the possibility of an oil spill in there ground water.
ahhh bullshyt. My brother lives there and told me that only few lib nutcases are worried about an oil spill there. The OK to Houston leg of the Keystone is worthless without the MAJOR leg of it coming from Canada. As usual, it's all about supply and demand determining price and we have limited supply. By the way, it's spelled "their" moron.
sure. Reading about it, Nebraska has a point: who the he11 would want to grant imminent domain to a foreign country/Canada in their state? Obama is at fault--he should've cleared that all with their state before trying to FORCE it on them big brother style, the facking commie.
oh would that be the Republican Gov?
yup, who cares about State Rights?
Now the pipeline has been resubmitted with a route that avoids the Sandhills aquifer it will likely be approved by Obama before the election, a win win again,