Monday, May 13, 2013

Keystone XL Pipeline banks on Export Profit over Landowners, Natural Gas Next to Export.

Did you know Midwest gas prices at the pump will go up when we divert crude away in the Keystone XL Pipeline? It's true.

Did you also know that much of that oil is going to be exported, and not used to keep prices low in the U.S.?  Who's being played for a sucker taking up their cause to build the pipeline, a distraction, so they can export oil around the world and make big bucks? If you're a conservative, you're also the sucker. The talk show hosts love this topic because it fires up the family values Dominionists who want to use the earth until its used up. But I digress. 

Here's one land owners comment from the video below:
Jerry Heithoff, Elgin, NE:"If I could say, ok, go ahead and put this pipeline through. But oh by the way, could you keep 75 or 80 percent of that refined product in the United States? That would be no...because they want to export it."
Or how about this landowner:
Bruce Boettcher, Nebraska Sandhills Rancher: “What the hell is the matter here? We are being asked to accept a pipeline and jeopardize our environment for a measly 35 permanent jobs. The generations that live here and work this land have created more economic growth and more jobs than this pipeline ever will.”
See this Market to Market report that gives both sides:

Now our energy companies want to export natural gas!! Instead of having plentiful supplies here, U.S. producers want to make more money selling natural gas overseas, which just might raise prices in the U.S. by depleting our supply. We're already playing fast and lose with our groundwater supplies, fracking for natural gas, now we'll have to expand fracking for foreign markets too. It seems they always want more:
jsonline: A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.

Yet as the industry looks to profit from foreign markets, there is the specter of higher prices at home and increased manufacturing costs for products from plastics to fertilizers. Companies such as Exxon Mobil and Sempra Energy are seeking federal permits for more than 20 export projects ... the resulting export boom could lead to further increases in hydraulic fracturing ... raising widespread concerns about alleged groundwater contamination and even earthquakes.

The drilling boom has helped boost U.S. natural gas production by one-third since 2005 ... In recent months, however, production has begun to level off as the glut of natural gas keeps U.S. prices down. In response, producers have begun pushing to export the fuel to Europe and Asia, where prices are far higher. Exports may rise 40%.

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