Saturday, March 10, 2012

Video: Keystone XL will Raise Gas Prices

Republicans want to push through the Keystone XL and cirucumvent environmental review to reduce gas prices, but the GOP's logic is fundamentally flawed. In addition to endangering water supplies, and increasing carbon emissions the Keystone XL pipeline will also raise oil and gas prices. This is the view expressed by TransCanada pipelines, the Canadian company behind the Keystone XL. This statement was made by TransCanada in response to questions by ranking member Henry A Waxman (D-CA) at a subcommittee hearing. A Bloomberg article echoes the statement and reports that the Keystone XL will push gas prices up an addtional 10 to 20 cents per gallon in the Midwest.

© 2012, Richard Matthews. All rights reserved.

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