18 Jan '12, 2pm

New report: Keystone XL will undermine U.S. energy security

NRDC and Oil Change International released a report today showing that the proposed Keystone XL tar sands pipeline would undermine U.S. energy security and increase the price of Canadian crude. Canada doesn’t produce enough crude to fill the pipelines it already has. In fact, crude export pipelines to the United States are currently running half empty. That means that another pipeline isn’t going to bring more oil into the United States – it’s just going to take the oil that was already coming to a different place. Keystone XL will take oil from the Midwest to the Gulf Coast – where it can be sold on the international market where the price for many petroleum products is higher. Exporting Canadian crude at higher prices on the world market may increase profits for the tar sands industry, but it undermines U.S. energy security and increases prices for American consumers. Tr...

Full article: http://switchboard.nrdc.org/blogs/aswift/new_report_keyst...

Tweets

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