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Keystone XL Won’t Decrease “Unfriendly” Oil Imports Either
By Brant Olson | Rainforest Action Network
Thursday, January 27, 2011
Yesterday, AP reported that the proposed Keystone XL tar sands pipeline to Texas won’t decrease gas prices (I broke that story last month, but who’s counting). In fact, a report commissioned by pipeline sponsor TransCanada now shows that connecting tar sands producers with Gulf Coast refiners actually pushes gas prices up for everybody.
That same report contains another unreported secret: Keystone XL won’t decrease so-called “unfriendly” oil imports either. According to the same 2008 report, if Keystone XL were completed in 2013, Gulf Coast “imports are forecast to decline initially before 2010… and then to increase by over 600,000 [barrels per day] by 2020.” Why? Because Gulf Coast “Crude runs… are projected to grow by over 500,000 [barrels per day] by 2020.”
Keep reading this blog entry on the Rainforest Action Network website
Tagged with: keystone xl, transcanada, associated press, gas prices
