The United States is awash in oil with four times as many oil rigs pumping domestic oil today than eight years ago and declining demand
Canada needs overseas markets for its dirty oil
[Excerpts from my September 2nd article on the proposed Keystone XL pipeline — Stephen]
The only reason U.S. citizens may be forced to endure a risky, Canadian-owned oil pipeline called Keystone XL is so oil companies with billion-dollar profits can get the dirty oil from Canada’s tar sands down to the Gulf of Mexico to export to Europe, Latin America or Asia, according to a new report by Oil Change International released Wednesday.
“Keystone XL will not lessen U.S. dependence on foreign oil, but rather transport Canadian oil to American refineries for export to overseas markets,” concludes the report, titled “Exporting Energy Security“.
“The oil industry would have done the Northern Gateway [pipeline] first but gambled that resistance to the [Keystone XL] pipeline would be far weaker in the mid-west,” he told IPS.
They were wrong.