Industry docs reveal Keystone XL is being built for OVERSEAS export markets-NOT US Energy Security!

[kpete]

Report: Exporting Energy Security: Keystone XL Exposed
The Keystone XL Pipeline: Oil for Export, Not for U.S. Energy Security

Industry Documents Reveal Scheme to Reach Lucrative Markets Abroad

Steve Kretzmann

A new report from Oil Change International lays out the case, based on data and documents from the U.S. Energy Information Administration and the Canadian National Energy Board, corporate disclosures to regulators and investors, and analysis of the rapidly shifting oil market.

The facts:

* Keystone XL is an export pipeline. The Port Arthur, Texas, refiners at the end of its route are focused on expanding exports to Europe, and Latin America. Much of the fuel refined from the pipeline’s heavy crude oil will never reach U.S. drivers’ tanks.

* Valero, the key customer for crude oil from Keystone XL, has explicitly detailed an export strategy to its investors. Because Valero’s Port Arthur refinery is in a Foreign Trade Zone, the company can carry out its strategy tax-free.


..............

Oil is a fundamentally global market – the idea that the pipeline enhances our energy security is a scam.” said Kretzmann. “Let’s hope the Obama Administration doesn’t fall for it. In fact, the only way to truly reduce our dependence on foreign oil is to reduce our dependence on all oil. Let’s not fool ourselves that we will achieve ‘energy independence’ by serving as a middleman for access to overseas markets.”

http://priceofoil.org/2011/08/31/report-exporting-energy-security-keystone-xl-exposed/

FULL REPORT:
http://priceofoil.org/wp-content/uploads/2011/08/OCIKeystoneXLExport-Fin.pdf

[Bozita]

1. Move your fat ass over. We need to build a pipeline here. We ARE Big Oil!

Lemme kick some sand in your fucking faces, you assclown peons!

Now eat those effing peas.

[robinlynne]

2. exactly what the protesters are saying.

[CaliforniaPeggy]

3. C'mon, Obama........are you listening? I think not...

[glinda]

4. Bad enough I send all my bill payments to Texas.

:banghead:

[DCKit]

5. If that weren't the case, they'd be building refineries at the border.

And it would probably be cheaper than the pipeline (which I'm sure WE'RE going to be paying to build).

[neverforget]

6. So we build the pipeline so the oil can be shipped overseas?

Is this another form of outsourcing?

This pipeline's course from Canada to a port on the GOM that has refineries is totally obvious and it's amazing that this pipeline is being sold as "enhancing our energy security".

[Angry Dragon]

7. So it should not be any problem for anyone endorsing this

pipeline to guarentee that all the oil flowing through it will stay in the US

[rosesaylavee]

8. Anyone else having trouble with that site loading?

I am. I did get the pdf to load easily so its not my computer.