Why the Keystone pipeline would boost pump prices

[ProfessionalLeftist]

(This is the same thing Greg Palast said in his piece here: http://www.vice.com/en_uk/read/koch-brothers-hugo-chavez-and-the-xl-pipeline)

Rising gasoline prices have helped proponents of a controversial pipeline proposal press their case that the project would help ease supply bottlenecks and lower prices for consumers.

They’re half right.

The proposed pipeline would relieve a glut of crude oil backing up in the Midwest and redirect those barrels to Gulf of Mexico ports. From there they could be shipped to world markets and repriced at higher global prices.

But that likely would mean higher prices for drivers in the nation's midsection, who currently are enjoying an unusual discount stemming from a lack of pipeline capacity.

MORE...

http://www.nbcnews.com/business/why-keystone-pipeline-would-boost-pump-prices-223667

[zbdent]

1. Wasn't it a RW publication which had to admit this two years ago???

[ProfessionalLeftist]

2. Ohhhh? I'd like to know which one.

Odd how the media doesn't report on that. Of course the Kochs, et al probably forbid it. I figure if Exxon-Mobil can have an ad or video pulled, they can too.

[zbdent]

3. Can't recall, but it was something like a Bloomberg or

WSJ sourced ...

But then, the "liberally-biased media" never bothered to scream that over and over and over.

[Sen. Walter Sobchak]

4. Keystone XL is the SECOND of two pipelines,

The first Keystone pipeline terminates in Patoka, Illinois and has been in operation for coming up on three years.

There is no conspiracy, just some big fucking refineries in Texas that handle the heavy product from Alberta with minimal complications.

[ProfessionalLeftist]

5. I wouldn't call it a "conspiracy" anyway

I DO call it a very very bad idea which only benefits TransCanada and the damn Koch Brothers at the expense of the rest of us and the natural environment. Kochs, as I understand it, are very heavily invested in Canadian Tar Sands and also own some or all of those TX refineries...

http://www.democraticunderground.com/10022385611

[Sen. Walter Sobchak]

7. I am not aware of Koch family being involved with TCPL,

It doesn't really change a whole lot, the unrefined Alberta product is already being refined in Texas. And synthetic crude product has been exported to the US for more than forty years. Bitumen itself has been exported for almost a century. Nothing has really changed and nothing really will, it just became a sexy issue.

[ProfessionalLeftist]

8. Well they are involved. One of the big Koch Industries products

is heavy crude and their involvement is in fact key:

http://www.kochbrothersexposed.com/tellclintonno/thefacts.php

I'm surprised you're not aware of it. Well then again, maybe I'm not.

Koch Industries stand to make a LOT of money off of the Keystone XL. And it will not benefit the rest of us one iota. It will not create the overly-inflated number of jobs that have been claimed. It will further harm the environment and atmosphere (regardless if the crap is already being refined in TX or not), and the oil will all be exported elsewhere and will not lower the cost of gasoline here and may even raise it.

All so these scumbags can get richer selling Canadian oil to China.

The thing will only cause more damage to the environment and cause an increase in gas prices at worst and will do nothing for the U.S. or anyone in it at very best.

And again, all so these scumbags can get richer selling Canadian tar sands refined oil to China.

Obama cannot honestly claim to give a damn about climate change, corporate manipulation & greed, or true energy independence and approve this thing, but he likely will try: http://www.democraticunderground.com/112736553

[Sen. Walter Sobchak]

9. Being involved in the tar sands doesn't mean being inolved with Keystone XL

To the best of my knowledge Koch uses the Enbridge system. Keystone and Keystone XL are part of the competing TCPL system. Oil exported to China will also use the Enbridge system by way of Kitimat.

And Obama has already approved a significant part of the Keystone XL alignment. When the Republicans were waving their dicks at traffic there wasn't even a complete application to approve or not.

[Mason Kennedy]

6. At a minimum, it will not decrease prices

Right-wingers are, with all due respect, idiots who think it's that easy to lower gas prices.

[FarCenter]

10. The southern section of the Keystone has already been approved and is being built

That section, along with reversing the Seaway pipeline and other developments, will help move oil from Cushing OK to the Gulf Coast refineries. As the glut in Cushing is alleviated, the price of WTI will rise towards the Brent benchmark for seaborne cruise. So prices of refined product will rise somewhat in the middle of the country. There will be little or no affect on East, West and Gulf Coast prices.

The northern section of the Keystone would bring more crude from Canada and help lower the prices in the midsection of the US.

[theKed]

11. Part Two of that Article (Feb 15 2013)

http://www.earthisland.org/journal/index.php/elist/eListRead/the_kochs_and_the_keystone_xl_pipeline/

To answer the concerns about global warming raised by the XL and the Kochs’ oil business, the billionaire brothers have bankrolled a gold-plated campaign of global warming denial.

For example, Americans for Prosperity funded “Hot Air Tour” rallies across the US with the slogan, “Global Warming Alarmism: Lost Jobs, Higher Taxes and Less Freedom.” More rallies were held by the Koch-funded FreedomWorks, a foundation which has seized control of the Tea Party movement — and redirected populist rage against plutocrats. FreedomWorks transformed the Tea Party into a used tea bag, dangling from the Kochs' string.

...

The Kochs’ power to terrorize politicians in Oklahoma and the West originates in that case of Osage tribe’s missing oil.

FBI agents filmed Koch Oil men pilfering the crude, had witnesses to Koch’s directives to siphon the oil, and more. The US Justice Department drafted a criminal indictment of Koch Industries and Defendant “67C” (reportedly Charles Koch himself) for “Crime on an Indian Reservation” and racketeering, big-time jail-time offenses.

That’s when Koch Oil drilled down and struck Bob Dole, the nation’s most powerful Senator, the Republican Majority Leader.

Dole (representing Kansas), joined by a Koch-funded Senator from Oklahoma, Don Nickles, had the federal prosecutor who brought the case fired. Case closed except for a few million paid to the Osage for some of their stolen oil.