Why the Keystone pipeline would boost pump prices - NBC News.com
So why do the oil companies really want the oil pumped way down to texas as opposed to just refining it for US sales in the north? It seems that oil is not able to find a global market due to it being landlocked. This means it is already being distributed at lower costs to the american midwest keeping their gas prices down. When it gets pumped to texas it will be able to be placed into global markets which will in turn increase it's value. Isn't it amazing how stupid it sounded to some of us to go through the expense of a cross country pipeline just to get this oil to texas for something they could do elsewhere? Yet we hear from conservative tools that texas is the only place that can handle this and we will all reap the benefits of cheaper gasoline and oil if we sacrifice for this insane plan. in the end we find that it is really just a marketing ploy to get more profit from oil for the oil companies while screwing the rest of us over.Rising gasoline prices have helped proponents of a controversial pipeline proposal press their case that the project would help ease supply bottlenecks and lower prices for consumers.
They’re half right.
The proposed pipeline would relieve a glut of crude oil backing up in the Midwest and redirect those barrels to Gulf of Mexico ports. From there they could be shipped to world markets and repriced at higher global prices.
But that likely would mean higher prices for drivers in the nation's midsection, who currently are enjoying an unusual discount stemming from a lack of pipeline capacity.
Perhaps they should rename drill baby drill to screw them baby screw em?