XL Keystone Pipeline

XL Keystone Pipeline http://MrEnergyCzar.com Hi everybody, MrEnergyCzar here. This video is about the XL Keystone Pipeline.

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• In a moment, we'll hear what others are saying about the pipeline. First, my take on it. First, let me address the environmental part, there's some environmental protesting going on, well understood. Obviously, it's a huge environmental footprint to produce that tar oil, it has low net energy, everyone agrees on that. Ok, that's one issue.

• The main reason the pipeline will be built is we need to be good neighbors to Canada, who are oil exporters. They need a way to sell their dirty tar oil into the world market at higher prices. Right now they're losing their shirts because they are selling it for about $65-$70 a barrel but it costs $85-$90 a barrel to make it.

• This leads to another misconception regarding the pipeline, that building the pipeline will somehow make us energy independent or lower gas prices. Actually, the opposite is what would happen. If the tar sand oil is selling for $65-$70 now, and we provide the bridge to get that pipeline and oil down to the gulf of mexico, they are going to sell it at the world price of oil which is $90, $95, $100, $110 a barrel.

• Another thing people don't realize is that, up in the mid-west, where you also have the Bakken and the Tar Sand oil being used by the refiners up there, they're getting that oil at a discount from the Bakken and the Tar Sands so the price of gasoline in the mid-west would especially rise. Now, granted, a few thousand jobs will be created over a number of years, I do not believe that tens of thousands of jobs will be created to build and maintain a pipeline. Nevertheless, there would be a net gain in jobs.

• Now there is an alternative for Canada, which the people of Canada do not want, and that is to build a pipeline westward to the west coast of Canada through the pristine areas there where there's environmental concerns. It is easier to build a pipeline, and put the environmental risk on the United States.

• Lastly, as far as protesting burning the Tar Oil, that's a losing battle. Until the economies of the world decide to move to a steady state no growth world, its not going to happen. China and India, as an example, will be building 500 coal powered plants, which will be dirty, all in the name of growth. There are a lot of vested interests dependent on the continued growth. The environment, will as always, be a byproduct or bear the brunt of the costs in order to continue that growth. It's unfortunate, but that's the reality that we live in until the system changes. Let's hear what other's are saying about the XL pipeline.

Sources/Links:
http://1.bp.blogspot.com/-BwxZ9vYqfEY...
http://www.youtube.com/watch?v=DCq015...
http://www.youtube.com/watch?v=NAsr9d...
http://www.youtube.com/watch?v=k0b_JV...
http://www.youtube.com/watch?v=h4r8sI...
http://www.youtube.com/watch?v=cVgVIK...
http://www.youtube.com/watch?v=6-KDtr...

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Produced by: Dustin Salmons http://www.CDSalmons.com

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