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Again, it "could" raise the price of gas. Happen to know how they will "divert" this oil from the midwest?
Yes I do.
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The midwestern United States has long used Canadian oil (also referred to as Canadian Sour, which describes its quality, as sour crude is more difficult to refine and not as desirable as the light sweet crude oil that virtually any refinery can process). Refineries in the Midwest are nearly all capable of processing this oil—which takes special equipment to refine. Since not all refineries can process this oil, the price for it is comparably lower than higher quality crudes. The fact that Canadian oil can't leave Canada or the United States also keeps the price lower. By keeping Canadian oil off world markets, demand for it stays lower, which keeps the price for it lower. By connecting Canadian oil to the Gulf, there is the distinct and likely possibility that Canada will begin exporting this type of crude oil, which would open the possibility for international buyers, thus increasing demand for Canadian Sour, and causing the price to rise. This is exactly why Canada is pushing so hard for this pipeline--the more potential buyers, the more demand, the higher it can be sold for. This is bad for American and Canadian motorists.
According to the Cornell University study,
Keystone XL will increase the price of heavy crude oil in the Midwest by almost $2 to $4 billion annually, and escalating for several years. It will do this by diverting major volumes of tar sands oil now supplying the Midwest refineries, so it can be sold at higher prices to the Gulf Coast and export markets. As a result, consumers in the Midwest could be paying 10 to 20 cents more per gallon for gasoline and diesel fuel, adding up to $5 billion to the annual U.S. fuel bill.
http://www.usnews.com/opinion/blogs/ene ... l-pipelineIt's going to devert oil from right here in Whiting.
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Just curious because it may create even more jobs. You act like gas is going to go up by dollars. Here you go ...again...
The numbers have already been discredited. If you choose to be gullible & buy into big oil propaganda & bullshit that's your problem.
I don't.
It's as stupid as believing the tobacco industery telling you that second hand smoke is not bad for you.