Friday, March 9, 2012

The Keystone XL and Rising Fuel Prices

As fuel prices rise Americans need to understand that gaining access to Canadian tar sands oil will not decrease the price gas and it may even increase it. Republicans argue that with rising gas prices it makes no sense to hold up a project that could deliver to market an additional 830,000 barrels of oil a day.

Although Republicans are using rising gas prices as a rationalization to build the Keystone XL, the pipeline will actually increase the price Americans pay for Canadian oil by up to $4 billion a year or 10 to 20 cents more per gallon of gas in the midwest.

As reported by the NRDC, the pipeline would cause oil prices to rise in the Midwest, costing consumers more at the pump. Importing oil from Canada has never helped America get off the oil price rollercoaster. Over the last 11 years, the amount of oil we bought from Canada increased 50 percent, yet gas prices have tripled over that same period, with ups and downs along the way. The price of oil is subject to market forces, access to Canadian tar sands will not effect the price.

Democratic Senator Ron Wyden proposed an alternative on Wednesday that would ban exports of oil from the pipeline as well as refined products made from the oil.

Some refined products such as high-sulfur diesel and petroleum coke need to be sold outside the country, where there are markets for them. Keeping them inside the United States would increase the costs of the project and could lead to higher gasoline prices, Bernstein said.

The NRDC is helping people to take action to resist the pipeline. Click here to tell your leaders they must not play politics with a dirty energy project when the safety of our communities, farms, waters, and climate are at stake.

© 2012, Richard Matthews. All rights reserved.

Related Posts
Video: Keystone XL will Raise Gas Prices
How Come the Keystone XL is so Hard to Kill
Republicans Vow to Continue Push for Keystone
GOP's Keystone XL Proposal Fails in Senate
Anti-Keystone XL Ad Campaign
Republicans Refuse to Let the Keystone XL Die
Keystone XL Protest Message Campaign a Success
Resistance to Republican Efforts to Resurrect the Keystone XL Pipeline
Obama Cancels the Keystone XL Pipeline Project
Republicans Use Blackmail to Gain Support for the Keystone XL Pipeline
President Obama Stops Keystone XL Pipeline
Tar Sands Day of Action in Washington DC
President Obama and the Fate of the Keystone XL Pipeline
NRDC November 6 Protest Against the Keystone XL in Washington DC
Nebraska's Special Session to Stop the Keystone XL Pipeline
South Dakota Wants Additional Protections Against Spills from the Keystone XL Pipeline
Safety Measures for the Keystone XL Rejected by Environmentalists in Nebraska
State Department Hearings for the Keystone XL Pipeline
Keystone XL Tar Sands Pipeline Protest
Cornell University Questions the Economic Benefits of the Keystone XL Pipeline
Keystone XL Protest Ends in Washington
Oil Spills Add to Concerns about the Keystone XL Pipeline
Nobel Prize Laureates Oppose Keystone XL Pipeline
Religious Leaders Join the Protest Against Keystone XL Pipeline
US Protests Against the Tar Sands Oil
Canada on Track to be a Dirty Energy Superpower
Bill McKibben and other Protestors Jailed for their Opposition to the Keystone XL Tar Sands Pipeline
Video: NASA's Leading Climatologist Addresses Crowd Before he was Arrested at the Keystone XL Tar Sands Protest in Washington

No comments: