Keystone XL Diesel: NOT for US Energy Security
Let’s cut the crap. The incredibly inefficient and harmful process that literally cooks organic goo from deep under Canadian forests is GOOD for the Koch brothers, despite their claims to the contrary.
And once it reaches US refineries, it is NOT about US energy security and independence from foreign oil.
Industry Documents Reveal Scheme to Reach Lucrative Markets AbroadÂ WASHINGTON, Aug. 31 — In pushing for the Obama Administration’s approval of TransCanada’s proposed Keystone XL tar sands pipeline, the North American oil industry and its political patrons argue that the pipeline is necessary for American energy security and its construction will help wean America of dependence on Mideast oil. But a closer look at the new realities of the global oil market and at the companies who will profit from the pipeline reveals a completely different story: Keystone XL will not lessen U.S. dependence on foreign oil, but transport Canadian oil in American refineries for export to overseas markets.
Valero has contracted to take at least 100,000 barrels of tar sands crude a day from Keystone XL until 2030. Its publicly disclosed business model relies on refining heavy sour crude for export. It is upgrading its Port Arthur refinery to process heavy sour into diesel fuel. Its investor presentations clearly show it plans to ship diesel to Latin America and Europe.
Related to those millions of gallons of diesel from oil sands we’ll ship abroad:Â Diesel Fumes May Be Behind Global Collapse Of Honey Bee Colonies
What’s not to love?