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Why the Keystone pipeline would boost pump prices [View all]
(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.
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
11 replies
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= new reply since forum marked as read