Toddsterpatriot
Diamond Member
This is an excellent explanation.. Forget the environmental issues.
Keystone XL is a tar sands pipeline to export oil out of the United States
One of the most important facts that is missing in the national debate surrounding the proposed Keystone XL tar sands pipeline is this – Keystone XL will not bring any more oil into the United State for decades to come. ...www.nrdc.org
Excerpt:
One of the most important facts that is missing in the national debate surrounding the proposed Keystone XL tar sands pipeline is this – Keystone XL will not bring any more oil into the United State for decades to come.
Canada doesn’t have nearly enough oil to fill existing pipelines going to the United States. However, existing Canadian oil pipelines all go to the Midwest, where the only buyer for their crude is the United States. Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported.
Many of these refineries are in Foreign Trade Zones where oil may be exported to international buyers without paying U.S. taxes. And that is exactly what Valero, one of the largest potential buyers of Keystone XL's oil, has told its investors it will do. The idea that Keystone XL will improve U.S. oil supply is a documented scam being played on the American people by Big Oil and its friends in Washington DC.
Forget the environmental issues.
Transporting oil via pipeline is better for the environment than using trucks or railcars.
Keystone XL will not bring any more oil into the United State for decades to come.
What will it do for US frackers in Montana, North Dakota and South Dakota?
Many of these refineries are in Foreign Trade Zones where oil may be exported to international buyers without paying U.S. taxes.
Without paying US customs. Profits on refined products would still be taxed.
