Iran is their enemy because of the threat to the Strait of Hormuz.
If the Israelis or the US bombs Iran, their first target with be the oil installations in Dhahran and Abqaiq.. That will take 10 million bpd off the market.
Wow, 69 pages... Has anyone mentioned the Koch Brothers envolvement with the Keystone Pipeline? The Koch Congress Pushing Keystone Pipeline
"The measure off intelligence is the ability to change." Albert Einstein
As Koch Industries is heavily involved in the petroleum and pipeline business (and originated with refining, in fact), any info that they had a stake in Keystone would not be surprising.
Source: Citgo - Wikipedia, the free encyclopediaCITGO Petroleum Corporation (or CITGO) is a United States-incorporated, Venezuela-owned refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of Venezuela. The company has its headquarters in the Energy Corridor area of Houston, Texas.
Citgo has its headquarters in the Energy Corridor area of Houston, Texas, United States.
Before it was headquartered in Houston, Citgo had its headquarters in Tulsa, Oklahoma. In 2003 Governor of Oklahoma Brad Henry met an executive of Citgo to discuss possible incentives that would keep the Citgo headquarters in Oklahoma. For eight months the company debated whether to move its headquarters or to keep its headquarters in Oklahoma. In 2004 the company announced that its headquarters were moving to Houston.
At that point the company had not decided which location in Houston would have the headquarters. The company wanted 300,000 square feet (28,000 m2) of office space to house 700 employees. Citgo considered the 1500 Louisiana building in Downtown Houston, the Williams Tower in Uptown Houston, the BMC Software headquarters complex in Westchase, and the Aspentech Building in the Energy Corridor. In June of that year the company signed a lease in the five story Aspentech building so it could serve as a headquarters. In September 2004 the company began moving its headquarters; on September 24 of that month 150 employees were in the Energy Corridor offices.
Sign on a 7-Eleven gas station pump
This thread is about the Keystone oil sands pipeline being rejected, but the reality is, the Keystone pipeline has already been built, is operational and it's the Keystone XL project that hasn't been approved. I posted positive proof that the oil coming from the Keystone pipeline was used to supply refineries on the Great Plains that once used Gulf crude and imports. That has resulted in product from Gulf refiners not being needed to be transported up the Mississippi and they are exporting the gasoline to the Caribbean. One obvious market would be the U. S. Virgin Islands, that used to get all it's gasoline from Venezuela. It may not be in the news, but the United States is targeting the Venezuela market for petroleum products and why shouldn't they? Do you think oil companies are going to use that extra product from Canadian bitumen imports, in America, to drive down the price of gasoline? That wouldn't make good business sense. Once crude oil is made into a product, like gasoline, it's as fungible as money to a nation that imports oil. The molecules of gasoline we are exporting didn't come from Canada. The gasoline came from the Gulf, where we are stupid enough to give oil companies crude oil owned by the public for the price of a lease.