Wednesday, May 23, 2012

XL pipeline will raise your gas prices, that you never understood this was part of the plan.

TransCanada’s plan to jack up oil prices is hiding in plain sight. In the appendix to its application to the Canadian National Energy Board (helpfully provided to me by the Natural Resources Defense Council), the company brags that its project is “expected to realize an increase in the heavy crude price of approximately $3.00 per barrel by avoiding a discount” at the U.S. Gulf Coast. The market price of heavy crudes should rise an additional $3.55 per barrel when the new pipeline “relieves the oversupply situation in the Midwest.”


 The low price crude in the eastern Rockies and central plains states is going to be shipped to other areas, some for diesel, the dirty Canadian tar sand oil will go to the Gulf coast refiners located in "export zones" meaning it's tax free.  It is a shell game, moving low price oil away from current use and users, replacing it with high priced oil.


XL proponents say the pipe will lower gas prices, it is the opposite, it will raise it.  Do you think they are doing this for your benefit, their worried about you?  Pull your head out.   Air your tires up, coast to the red light, ride your bike.   "RELIEVES THE OVERSUPPLY SITUATION IN THE MIDWEST", do you understand now who this pipe is for?

4 comments:

  1. Finally, the truth is revealed; and it ain't pretty!

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    Replies
    1. Whit: thanks to NRDC for finding this information in the Trans-Canada documents.

      Delete
  2. Gas prices here in Evansville dropped just 2 to 3 cents at the pump while the price per barrel has been plummeting.
    Well, Monday is a holiday...


    Sarge

    ReplyDelete
    Replies
    1. Ron, look at it this way, your helping the billionairs of the world corner the ultimate commodity, currency.

      Delete

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