Rising Hegemon
A new study from Consumer Watchdog says that Keystone XL pipeline will raise American gas prices 20 cents to 40 cents in the Midwest with no long-term economic benefit to U.S. economy.
The report finds that:
. Drivers, especially in the Midwest, would pay 20 cents to 40 cents more at the pump if the disputed pipeline were built, as the current discount of up to $30 a barrel for Canadian oil disappears.
. The true goal of multinational oil companies and Canadian politicians backing the pipeline is to reach export outlets outside the U.S. for tar sands oil and refined fuels, which would drive up the oil’s price.
. With U.S. oil production rising fast, any “energy security” benefit for the U.S. would vanish as American oil output exceeds that of Saudi Arabia in about 2020, according to the International Energy Agency.
But it will create like 20 jobs!!!
4 comments:
What? A $30 a barrel discount? What? How? Why?
like the alaskan pipeline, THOSE JOBS ARE NOT PERMANENT.
Currently the tar-glop can't be economically transported long distances, so there is a supply glut and lower prices in the general region of the tar sands.
A big fat pipeline to Texas means it can be transported anywhere and hence sold at world prices.
So the Midwest gets to pay more for gas, with the special bonus of environmental risk as you watch it pumped through your neighborhood to the Gulf of Mexico. What a deal!
It always was a boondoggle and a scam. One could have guessed that because the only deals U.S. multinationals make these days are boondoggles and scams.
Never let be said that they don't know how to make money....
Post a Comment