Wednesday, August 31, 2011

Is Canadian Oil Bound for China Via Pipeline to Texas?

Is Canadian Oil Bound for China Via Pipeline to Texas?

Lorrie Lauterberg http://news.nationalgeographic.com/news/energy/2011/08/110819-keystone-xl-canadian-oil-and-chinese-market/
news.nationalgeographic.com
In a global economy, sending more Canadian oil to Texas could be a modern silk route, a "Tar Sands Road" to China, economist says.

David LaGesse

For National Geographic News

Published August 19, 2011

"The proposed Keystone XL pipeline that would ship oil from Northwest Canada south through Mid-America to the Texas Gulf Coast has drawn sharp opposition from environmentalists worried about Canadian forests, greenhouse gases, and potential leaks.

But one line of attack is more about economics and geopolitics than land and water. And it strikes at pipeline proponents
' central argument that Keystone XL would buttress U.S. energy security. Opponents contend instead that the pipeline's petroleum could largely bypass the American markets and be shipped to Asia.

"This is all about taking the oil that's coming into the Midwest and moving it down to the Gulf Coast, where they have access to China and other markets," the National Wildlife Federation's Jeremy Symons told Congress this summer."
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