tinydancer
Diamond Member
- Oct 16, 2010
- 51,845
- 12,821
just like the alaska pipe line huh 95% of the oil is sold out of country and the res is sold in the us ... can't wait to see the gas prices goes down 5%It won't be exported, according to the CEO of TransCanada Pipelines.
It certainly seems illogical that an oil pipeline should be elevated to the level of friction now represented by the Keystone XL project. But through one means or another, the project has become a source of real conflict. On Wednesday the CEO of TransCanada Corp. came pretty close to calling the President of the United States a liar. Russ Girling said that “the notion that this oil is going to get exported is pure fabrication by those that are opposed to our project.”
Later, he added: “It’s very highly unlikely that any of this crude leaves North America.”
The timing was important, because Mr. Obama made those very allegations just last week. The pipeline, he said was merely “providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.” He was parroting the latest line in the war against Keystone mounted by U.S. environmentalists, which portrays Canada as a nefarious purveyor of dirty oil, with plans to send shipments across the pristine U.S. to ships in the Gulf, which will immediately transport it to China.
In reality, TransCanada doesn’t own the oil, it just ships it for the oil companies. It gets sent to a refining hub in Texas, which turns it into gasoline. The refiners say less than 10% of the gasoline they refine gets exported. If the refiners did decide, illogically, to export it all, they would have to ship in other oil from Venezuela or elsewhere to replace it, which makes no sense at all. The U.S. State Department, which has assessed Keystone to death, found that pipelines have no impact on U.S. exports, and that Alberta’s oil is likely to stay in the U.S.
The National Post
First Alaskan export in a decade just happened in September to South Korea. You should look it up.
Would you like to revisit your statement? I think you better because I'm about to smack you around. Get your cold pack ready for your bruising!
![lol :lol: :lol:](/styles/smilies/lol.gif)
According to the U.S. Energy Information Administration, about 2.7% of Alaska oil production was exported to foreign countries from 1996 to 2004, when the practice stopped. South Korea was the largest customer at 46.15 million barrels and the rest – 49.34 million barrels -- went to Japan, China and Taiwan. As of April 2014, no Alaskan oil had been exported since 2004.
The United States in the 1970s made it illegal to export domestically produced crude oil without a license as a way to conserve domestic oil reserves and discourage foreign imports at a time when the Arab oil embargo showed how vulnerable the United States was. In 1996, President Bill Clinton amended the policy to allow exports of crude from the North Slope in Alaska that traveled on the Trans-Alaska Pipeline System to Valdez.
Alaska oil exported for first time in a decade heads to South Korea - LA Times