Share on Google Plus Share on Twitter 3 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (3 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   17 comments

Keystone XL May Raise Gas Prices 10 to 20 Cents Per Gallon In US

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; , Add Tags

Touching 1   Funny 1   Interesting 1  
View Ratings | Rate It

opednews.com Headlined to H1 3/1/12

Become a Fan
  (9 fans)
Image uploaded from a quicklink Philip Verleger, principal of PK Verleger LLC. said "the Canadian plan was to use their market power to raise prices in the United States and get more money from consumers."

The purpose of the $7.6 billion Keystone is to move 830,000 barrels of oil a day from landlocked Alberta to the Texas Gulf Coast, obtaining new customers and a higher price for heavy Canadian crude, Canadian regulators said in a 2010 report. The oil sold for $23.38 less per barrel in 2011 compared with heavy grades of Mexican crude, according to data compiled by Bloomberg.

"The Canadian plan was to use their market power to raise prices in the United States (UNG) and get more money from consumers," Philip Verleger, founder of Colorado-based energy consulting firm PK Verleger LLC, said in an interview. Prices may gain 10 to 20 cents in central states, he said.

Read the rest of the story HERE:

At thinkprogress.org

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 people are discussing this page, with 17 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
How fricken dare they think that they should get p... by Paul Repstock on Thursday, Mar 1, 2012 at 9:46:45 AM
have been aware of this situation for a long time,... by Paul Repstock on Thursday, Mar 1, 2012 at 9:55:44 AM
FACT:  Keystone XL would be Canada's first s... by Amanda Lang on Thursday, Mar 1, 2012 at 10:56:15 AM
Could you please post a link detailing the part ab... by Paul Repstock on Thursday, Mar 1, 2012 at 11:17:32 AM
I noticed you did not source your any of your asse... by Amanda Lang on Thursday, Mar 1, 2012 at 12:15:31 PM
Current as of January 9, 2012 courtesty of the "CI... by Paul Repstock on Thursday, Mar 1, 2012 at 12:46:13 PM
According to the Department of Energy's Petrole... by Amanda Lang on Thursday, Mar 1, 2012 at 7:13:56 PM
The United States will not allow the import of ref... by Paul Repstock on Thursday, Mar 1, 2012 at 7:56:34 PM
You give no links, no sources yet claim the latest... by Amanda Lang on Thursday, Mar 1, 2012 at 8:29:16 PM
I am expecting to see American troops guarding "Am... by Paul Repstock on Thursday, Mar 1, 2012 at 12:57:58 PM
Your link does not work.... by Amanda Lang on Thursday, Mar 1, 2012 at 8:58:02 PM
I can see I will not change your mind and readers ... by Paul Repstock on Thursday, Mar 1, 2012 at 9:23:15 PM
Please let me try to explain. We bring in crude oi... by Skeptic1 on Thursday, Mar 1, 2012 at 10:15:25 PM
Transportation cost are reflected in the net cost ... by Skeptic1 on Thursday, Mar 1, 2012 at 10:22:33 PM
Then let the Canadians build a pipeline to Vancove... by Amanda Lang on Thursday, Mar 1, 2012 at 10:51:50 PM
If it makes economic sense they will jump right on... by Skeptic1 on Thursday, Mar 1, 2012 at 11:22:44 PM
The U.S. average today for unleaded regular gas is... by Doc McCoy on Friday, Mar 2, 2012 at 1:03:10 AM