Wait. Keystone will hike gas prices, not lower them?
An editorial in the Great Falls (Montana) Tribune lays out some hard truths about the proposed Keystone XL pipeline that would carry crude oil from Canada to refineries in the American Midwest: “Most likely the oil would be exported from there, doing little to create U.S. energy independence,” the newspaper writes.
“Canada’s National Energy Board anticipates 15 Midwestern states will experience a 10 to 20 cent per gallon increase in gasoline prices if KXL is built. It would happen because an oversupply of Canadian crude now refined for U.S. domestic use will be diverted to KXL for export.”