28 Feb '12, 3pm

All you need to know about TransCanada’s new plan for Keystone XL

Keystone XL lives! Yesterday, TransCanada announced its next two moves in its fight to get the tar sands pumping pipeline built, and its strategy now involves splitting the project into two parts. Because it stands to reason that if people object to one pipeline, they’ll have no problem with TWO pipelines! Part number one: Cushing, Okla. to Texas refineries Cushing, Okla., a small town smack dab in the middle of nowhere, plays an outsize role in global oil markets. There’s a huge oil storage facility there, and oil sold in Cushing helps determine world oil prices. TransCanada wants to forge ahead with building the segment of Keystone XL that will bring oil from Cushing to Texas’ hungry oil refineries, which process crude and ship it off. (That crude doesn’t necessarily help to meet U.S. oil demands: fuel was America’s largest export last year.) Because this segment of the ...

Full article: http://grist.org/list/all-you-need-to-know-about-transcan...

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