New Study Confirms (Again): Keystone XL Would RAISE Gas Prices

Dennis Kucinich
NationofChange / News Report
Published: Wednesday 23 May 2012
“There was never any doubt that the Keystone XL pipeline would increase the price at the pump for consumers.”
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Congressman Dennis Kucinich (D-OH) today released the following statement after a study by the Council showed once again that the Keystone XL pipeline would raise gas prices for American consumers. Kucinich has frequently argued this point on the House floor, in an editorial in the Cleveland Plain Dealer, and in public statements.

“There was never any doubt that the Keystone XL pipeline would increase the price at the pump for consumers. In fact, TransCanada, the company that wants to build the pipeline, told Canadian regulators that the pipeline would allow TransCanada to raise the United States energy bill by $4 billion per year by limiting the supply of Canadian crude to Midwest refineries and rerouting it to Gulf Coast refineries.

“A foreign-owned oil company is playing us for fools. In order to convince Americans to accept a pipeline that will result in higher gas prices, we have been bombarded with a public relations campaign to convince us that the pipeline is a good idea.

“It may be a good idea to foreign investors, but the Keystone XL pipeline is a bad idea for American consumers, a bad idea for America’s fledgling economy, a bad idea for our health and a bad idea for our environment,” said Kucinich. “Say no to the Keystone tax.”

Researchers at the Cornell University Global Labor Institute also published a report confirming that the Keystone XL Pipeline would increase U.S. gas prices by 10 to 20 cents per gallon across the U.S.  The greatest price increase – twice as much according to one estimate - will occur in 15 states, including Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, and Wisconsin.



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ABOUT Dennis Kucinich

Having been elected to Cleveland's City Council at age 23, Dennis J. Kucinich was well-known to Cleveland residents when they chose him as their mayor in 1977 at the age of 31. At the time, Kucinich was the youngest person ever elected to lead a major American city. Since being elected to Congress in 1996, Kucinich has been a tireless advocate for worker rights, civil rights and human rights.
 

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14 comments on "New Study Confirms (Again): Keystone XL Would RAISE Gas Prices"

Infohack

May 25, 2012 8:30am

There is an editing error in this article. I was a bit confused by the headline referring to a "new study" when the article doesn't provide a link to one, only one to the previous Cornell study.

The correct first paragraph, from Congressman Kucinich's press release:

"Congressman Dennis Kucinich (D-OH) today released the following statement after a study by the National Resources Defense Council showed once again that the Keystone XL pipeline would raise gas prices for American consumers. Kucinich has frequently argued this point on the House floor, in an editorial in the Cleveland Plain Dealer, and in public statements."

Infohack

May 25, 2012 8:33am

Apparently linking via HTML doesn't work. Link to the National Resources Defense Council study:

http://big.assets.huffingtonpost.com/keystone.pdf

Riconui

May 24, 2012 4:53pm

Kucinich for president! 2016 is just around the corner and we are going to need a candidate.

How is it that the oil companies and their dedicated congressional butt-smoochers can continue with the inane fiction that gasoline prices can be influenced by drilling more holes or building more pipelines? Prices are seemingly high by contemporary measures but it's not because there is a shortage of supply or capacity. It's because oil is purchased on an international market. Even if the crude is coming out of ANWR, once out of the ground, IT DOESN'T BELONG TO US. It belongs to the company that pumps it out and they can, and do, sell on an open market that we have no more privilege to than Uzbekhistan or Ghana. We get a better price because we buy huge quantities, but that's the extent of the deal.

We're long overdue to get the hell off the dinosaur fuels at any rate and we'd do our progeny a service to cut the ties to carbon fuels to the extent possible. So long as we are governed by an UNelected body that meets in the Exxon/Mobil boardroom, it will be extraordinarily difficult to extricate ourselves from our dependency on smutty fuels. But supply is not the issue.

We do not need the Keystone XL, now or in the future.

Rebel with a Cause

May 24, 2012 3:11am

HYDROGEN TECH NOW!
It's already here, we don't need oil, gas or coal, we never did!
No more destruction of the planet, no more global warming, what are we waiting for? The Earth does not belong to big corporations, the people do not belong to banks or governments. We've got to do this ourselves, then we can put the thieving b......s right out of business. Do NOT believe them when they say it's not possible, they're lying through their teeth just so they can keep us all down, rip us off and get even richer than they already are!

bcbossarte's picture
bcbossarte

June 08, 2012 7:17pm

They won't let that happen..... Watch 'Who killed the electric car'....
They will throw crumbs but nothing that will take real profits from them.
It is all so sick and immoral.

jeltez42

May 23, 2012 4:41pm

Here is a really interesting tidbit. A Canadian oil company called Enbridge runs pipelines into Michigan and down to the refineries around Joliet. Well, those pipeline flows are being reversed and are now headed to Montreal. There is nothing saying that Keystone will not do the same thing. Keystone wants a western pipeline in Canada and most likely will get it.

Also if you read the fine print of the Keystone XL Pipeline deal, this stuff will, for the most part, end up getting pumped into tankers in the Port of Houston, then get shipped off to the highest bidder, which is not the US.

Something else that is interesting, Canada is cutting imports of oil as it "pumps" more of its own. The US on the other hand are exporting record amounts of oil and we are not cutting back on imports.

Ronni85

May 23, 2012 3:28pm

KUCINICH FOR PRESIDENT ! ! ! !
Here is a man for WE, the People. Draft Kucinich for President of the United States!

DannyG

May 23, 2012 2:40pm

LARRONM,

I am more apt to credit Cornell U's research than your statement.

It does seem that gas prices are all about control of supply. If speculators can bump us to $5 a gallon on rumors (the way they just did), what kind of leverage can a pipeline shift like this have?

Look what Enron did with funny books; look at the many billions California lost because Bush's energy office would not stop the trading fraud that helped replace their Democratic governor with a Republican?

Now that's politics, with an emphasis on dirty and thievery.

Where's my electric car charging on windmills and solar panels?

LARRONM

May 23, 2012 9:53am new
They don't know what they are talking about. It's all a one sided opinion.....

dwdallam

May 23, 2012 2:15pm

This guy has everything it takes to be a world class leader and President.

oldhat

May 23, 2012 2:07pm

the rail line from canada border to okla is bnsf guess who owns it

larronm

May 23, 2012 12:53pm

They don't know what they are talking about. It's all a one sided opinion. Time to get real. That pipeline is designed to carry 850,000 bbls per day. That's about twice what the Tar Sands is capable of producing. Most of the balance of that capacidy will be filled with "Light Sweet Crude" from the Bakken Shale and other mid-western sources within the US. The US consumes about 19 million bbls of oil per day. Half of 850,000 is 425,000 or about 2.2% of US daily consumption. What is all the shouting about? Right now much of the Bakken Shale oil is transported by rail due to a lack of pipelines in the area. Rail is much more costly than pipelines. It's all just more politics.

bcbossarte's picture
bcbossarte

June 08, 2012 7:21pm

Very interesting. I was talking to an oil driller and he said they are drilling 'ALL over the USA and capping them and moving on to others".

Btrwy

May 23, 2012 11:33am

Stands to reason anything republicans want seems to destroy America.

Jeffrey Hill

May 23, 2012 11:26am

The Kochroaches are pissed.