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Re: Rupert Murdoch Attacks Keystone XL Pipeline In Latest Series Of Surprising Tweets 

By: oldCADuser in FFFT | Recommend this post (3)
Sun, 17 Feb 13 12:04 AM | 38 view(s)
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Msg. 50257 of 65535
(This msg. is a reply to 50255 by ribit)

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The Keystone XL pipeline is not what it appears to be as Canada already has access to more pipeline capacity into the US than it could possibly use, however those pipelines only go as far as refineries in the Midwest where the refined products are sold to Americans only. The goal is to get a pipeline that will go all the way to the Gulf of Mexico, bypassing the Midwest (and thus reducing the amount of refined fuels produced which will cause prices to actually rise which would be good for the companies investing in the pipeline) so that they could then sell the oil to overseas customers and NOT the US. In fact, the incentive will be to ship all of the refined products out the country since if they do they will not have have to pay any US taxes on the profits they make since the oil will technically be considered as never having been in the US (it went in one end of the pipeline in Canada and came out the other in a free-trade zone in Texas which legally means it was never actually IN the US).

http://thinkprogress.org/climate/2011/12/20/393247/fact-check-keystone-xl-would-ship-foreign-oil-to-foreign-lands/

http://www.nbcnews.com/id/46689167/#.UR_dNKWfOU4




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The above is a reply to the following message:
Re: Rupert Murdoch Attacks Keystone XL Pipeline In Latest Series Of Surprising Tweets
By: ribit
in FFFT
Sat, 16 Feb 13 11:09 PM
Msg. 50255 of 65535

clo
...ya don't like the pipeline? Turn off your oil heat. That will teach em.


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