Obama will still take credit and probably claim it was his idea to allow the oil boon in North Dakota. Their economy is booming.
Government could help lower gas prices by reducing taxes on it and approving the pipe line.
The only entity the (Keystone) pipeline helps is Big Oil. Makes it easier to get Canadian Crude to a seaport with refineries (Houston) so it can be shipped to Asia. Anyone that thinks it would go to Indiana and Charlotte -- rather than India and China -- just doesn't understand how the oil biz works.
Absolutely correct. I read an article a few years back that stated precisely that....
they wanted the keystone pipeline from Canada, so that they could get their oil to the gulf coast and refine and ship it to OVERSEAS markets and that none of it was to go to our market here in the usa.....and that THEIR goal....WAS TO RAISE THE PRICE OF WHAT THEIR OIL IS WORTH, by having a means to export more oil from Canada, then the prices for their oil would GO UP, with more demand available from overseas markets, so the oil in markets that were buying from Canada... would also GO UP in price as well.....
Key Stone won't help us with oil and gasoline prices, it will hurt us slightly...especially those US regions getting their fuel imported from Canada.
We may have our refineries busy with refining Canadian oil for Asia, however, in turn could make USA oil refined here also go up in price due to limited refinery capacity.... more demand with the same capacity leads to higher prices.