Friday, January 20, 2012

The Phantom of the Tar Sands

Lon Chaney explains Keystone on Fox. 

If this pipeline is not built to the South to Texas, it will be built to the West... to the Chinese...
Gasoline supplies are being exported to the highest bidder, says Tom Kloza, chief oil analyst at Oil Price Information Service. "It's a world market," he says. (Kenny Bing comment - welcome to the race to the bottom...lower wages and higher prices - SCORE!)
Refining companies won't say how much they make by selling fuel overseas. But analysts say those sales are likely generating higher profits per gallon than they would have generated in the U.S. Otherwise, they wouldn't occur.

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