Update: The Trump admin approved the Keystone XL pipeline Friday March 24, 2017. My article from 2011 details how Keystone will be an export pipeline since the US is awash in oil. This even more so today. The Keystone project is only about selling Canadian oil to countries in Asia or Europe. Meanwhile Americans living along the route are stuck with the consequences and the costs of a spill. — Stephen
“The only way Keystone XL could be considered in the national interest is if you equate that with profits for the oil industry”
By Stephen Leahy
UXBRIDGE, Canada, Sep 2, 2011 (IPS)
With four times as many oil rigs pumping domestic oil today than eight years ago and declining domestic demand, the United States is awash in oil.
The country’s oil industry is primarily interested in who will pay the most on the global marketplace. They call that “energy security” when it suits, but in reality it is “oil company security” through maximising profits, say energy experts like Steve Kretzman of Oil Change International, an NGO that researches the links between oil, gas and coal companies and governments.
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…
View original post 731 more words