Thanks for all the info guys.
Quote:
Originally Posted by BehindBlueI's
Keystone XL won't help US gas prices. Note how much oil we import from Canada. Now note how much refined product we export to Canada. The US is a net exporter of petroleum products but a net importer of crude oil. Basically, we buy oil from other countries when it's cheaper to buy then it is to extract. We then make that oil into more valuable products and sell them.
Keystone XL would not increase domestic gasoline supply and would not create many permanent jobs in the US. It would actually put downward pressure on existing domestic oil production and would potentially cost us jobs. It is a much better deal for Canada than it is for the US. They get the permanent jobs and get to export much of the risk. Ask yourself this: If it's such a good deal, why doesn't Canada refine it there instead of pumping it half a continent a way...and then buying the refined products?
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I'm Canadian (and American but live in Canada) so I am a little biased. I don't see any refineries being built here anytime soon.