The Tar Sands Pipeline is actually for overseas export markets. It's not for US energy security! [View All]

[Cali_Democrat]

We are being lied to. The pipeline will do nothing to enhance US energy security. It's a blatant attempt by big oil to rake in the profits (at the expense of the environment) by exporting the oil flowing through the pipeline.

Obama needs to reject this pipeline!

Report: Exporting Energy Security: Keystone XL Exposed

The Keystone XL Pipeline: Oil for Export, Not for U.S. Energy Security

Industry Documents Reveal Scheme to Reach Lucrative Markets Abroad

Steve Kretzmann

A new report from Oil Change International lays out the case, based on data and documents from the U.S. Energy Information Administration and the Canadian National Energy Board, corporate disclosures to regulators and investors, and analysis of the rapidly shifting oil market.

The facts:

* Keystone XL is an export pipeline. The Port Arthur, Texas, refiners at the end of its route are focused on expanding exports to Europe, and Latin America. Much of the fuel refined from the pipeline’s heavy crude oil will never reach U.S. drivers’ tanks.

* Valero, the key customer for crude oil from Keystone XL, has explicitly detailed an export strategy to its investors. Because Valero’s Port Arthur refinery is in a Foreign Trade Zone, the company can carry out its strategy tax-free.

<snip>

“To issue a presidential permit for the Keystone XL, the Administration must find that the pipeline serves the national interest,” said Stephen Kretzmann, executive director of Oil Change International. “An honest assessment shows that rather than serving U.S. interests, Keystone XL serves only the interests of tar sands producers and shippers, and a few Gulf Coast refiners aiming to export the oil.”

Read more...http://priceofoil.org/2011/08/31/report-exporting-energy-security-keystone-xl-exposed/

The whole purpose of the project is to get the oil from Canada to Texas and into tankers where it can be shipped overseas. There's no justification for this pipeline.