Opponents to Keystone pipeline say it won't lower fuel prices
Oil companies have been working hard to get a new pipeline built that would run across the country. The pipeline is called the Keystone XL and opponents to the project say that it won't lower fuel prices in the US. In fact, some of these people against the pipeline say that it might raise fuel prices reports Forbes.
Some that oppose the pipeline say that without the pipeline fuel prices in the mid-West will be lower.
"In Keystone’s weirdonomics, the pipeline would actually increase prices of gasoline for much of the country, according to at least three studies that have looked into it. Keystone would divert crude from Midwest refineries to Gulf Coast refineries, where it would then be shipped to more expensive markets. Bypassing heartland refineries could drive up prices at home."
"For people living in the Midwest, Great Plains and Rocky Mountains, it could add 20 cents a gallon to the price at the pump."
The crux of his fear is that while crude oil derived from the US can't be exported, fuel made from that crude oil can be exported. That wouldn't make fuel cheaper for people in the US. Currently crude oil drilled in the US trades at a discount compared to oil from worldwide sources because it can’t be exported. Lifting any restrictions on the US derived crude exports would mean that drillers would get the world price and little difference will be seen by consumers.
Shane McGlaun Leading our review center, Shane McGlaun (Google) knows technology inside out. His
extensive experience in testing computer hardware and consumer
electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at firstname.lastname@example.org.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.