Keystone Pipeline: A bad idea

[Galraedia]

President Obama may not have killed the 1,700-mile Keystone XL pipeline project for all the following reasons, but he should have.

America’s #1 export in 2011 was refined fuel.
Shocked? Don’t be. Despite the staggering price of gas at the pump, the US ships gas, diesel and jet fuel off to developing countries like China.

The reason? US consumption of oil has declined since 2006 and North Dakota has a glut of shale oil. Underutilized Midwest refineries refine the shale and export to China. And Big Oil wants to export even more.

That’s where the Keystone Pipeline XL enters the room. Few Americans understand that Keystone is an export pipeline. It will link Alberta Canada’s tar sands to Gulf Coast refineries where it will be exported to the highest bidder, most likely China and India.

Read more: http://www.metrowestdailynews.com/opinion/x1368169330/Nardone-Keystone-pipeline-A-bad-idea

I would also like to add that the Keystone XL Pipeline Would Increase Oil Prices in Midwest

[The Straight Story]

1. And electric prices in some areas

That have to add additional capacity for the many pumps (read several studies from different states on the impact to the grid).

http://www.keystonepipeline-xl.state.gov/clientsite/keystonexl.nsf/FEIS05_Appendix_I_ATTACHMETN3_RateStudy.pdf?OpenFileResource

Some of that is paid for by the pipeline, but longer term costs of maintaining the upgrades/taxes/etc would bleed over into higher rates.

[lonestarnot]

2. Prollee the real underlying reason for the greasy oiler visit to the White House under some not so

secret veil.