Bill restarts (Keystone XL) pipeline process

[truth2power]

6. It won't. What I've been able to find from various sources is this:

Keystone XL is an export pipeline. It goes to the Gulf Coast where it's refined and exported. Valero, one of the companies involved, is telling their investors that its future business is in international export.

The material to be extracted from the tar sands is not light sweet crude. It's bitumin, a viscous, tarlike material, that, through the refining process can be turned into diesel fuel , at best. It's not like Americans will be able to buy back premium gasoline for use in their cars.

Furthermore, many of the refineries are in Foreign Trade Zones, where oil may be exported to international buyers without paying US taxes. So the taxpayer loses out again. We bear the environmental liability of a 1700 mile pipeline that will benefit international buyers.

Some of this I found on http://tarsandsaction.org