Let’s kill the Keystone XL nonsense…

Well…in the past couple of weeks, the repubs have latched onto gas prices as being one of the weapons that they are going to use to try to defeat Obama in November and get the Keystone XL pipeline approved. One of the lies they are telling is that the pipeline will have the effect of lowering prices to consumers across the US when they know it’s not true…even the pipeline company has said in sworn testimony that Keystone will not have any effect on gas prices and may even raise them in the midwest since it will allow them to move the glut of oil from Oklahoma to refineries in Texas for export. The noted oil economist, Philip K. Verleger had this to say in today’s Washington Post:

“Overall, the pipeline will have no impact on prices consumers pay. None. The reason is that the products produced from the crude will be sold into the world market — exported — if prices fall below world levels,” he said in an email. “This means that consumers outside the Midwest will get no benefit from the line while consumers in the upper Midwest may pay more.”

This isn’t even the worst of it…in testimony to Congress for approval of the pipeline, Trans-Canada (the company that wants to build the pipeline) admitted that it will use the pipeline to manipulate prices; just giving the oil companies one more tool in their bag to keep prices artificially high and steal more from you and I. So, whenever you hear the repubs lying about the pipeline and it’s effects, just remember who owns a large piece of the republican party, and who will benefit from its building……geez….

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