It's unclear where oil piped through Keystone XL might end up

[Omaha Steve]

http://www.omaha.com/article/20131112/NEWS/131119763/1685#it-s-unclear-where-oil-piped-through-keystone-xl-might-end-up

By Joe Duggan

LINCOLN — The proposed Keystone XL pipeline has prompted massive speculation over what would happen to the oil TransCanada Corp. seeks to move to the Gulf Coast.

Given that the United States imports about 8 million barrels a day, it seems logical to conclude that the 730,000 barrels of Canadian oil transported daily by the pipeline would displace crude from countries such as Venezuela and Saudi Arabia.

Such a scenario may have played out five years ago, when the pipeline was proposed, but today, America is in the midst of a domestic oil boom. The United States now exports millions of barrels of petroleum products such as gasoline, diesel and jet fuel.

So it appears likely that at least some of the oil delivered by the controversial pipeline would end up on the world market as well.

FULL story at link.

[hatrack]

1. It's going to go to whoever bids the most for it

Which is why I always end up giggling at the thought of bitumen from Canada (which is another country) being sold to any number of other countries freeing us from dependency on foreign oil.

It'll be "our" oil in the same sense that Korean citizens on a flight from New York to Seoul are "citizens" while in transit through U.S. airspace.

[NightWatcher]

2. I thought it ALL went to the world market

The "drill here, pay less" idea is BS.

[dipsydoodle]

5. It does.

.

[Xipe Totec]

3. Our front yards, most likely

[KoKo]

4. And, when the last of our Nat Gas/Oil Shale/Coal supplies are gone?

What do we do?

Finally try to go with wind and solar? Or, will it be Nuclear?