Awash in Oil, Keystone Refineries on Export Overdrive
With refinery exports booming, the Gulf Coast awash in oil and oil companies ditching the tar sands, the energy security case for Keystone XL is more spurious than ever.
With refinery exports booming, the Gulf Coast awash in oil and oil companies ditching the tar sands, the energy security case for Keystone XL is more spurious than ever.
The oil industry is a market built on the old market fundamentals of supply and demand and the flux between the two will impact how much we pay for our oil or gas.
Last night Congressional leaders succumbed to the intensive oil industry campaign to lift the ban on exporting crude. The industry wants to export in order to get higher prices. Not only would this keep full the coffers of the opponents of climate action, it would incentivize increased extraction. Our Executive Director Steve Kretzmann, had this … Read More
The proposed crude-by-rail terminals in the Pacific Northwest would cause climate disaster
In the lead up to the Canadian federal election, the economy is front and centre, but not in the way the incumbent government would have liked. The Conservatives have gone to great lengths to brand themselves as good economic managers, but with the Canadian dollar hitting its lowest point in over a decade, their election … Read More
Today we’re releasing a new briefing, entitled “Lift the Ban, Cook the Climate: Why Eliminating the Crude Export Ban Fails the Climate Test,” detailing why Congress and the President should stand up to current efforts by the oil industry to eliminate the ban on crude oil exports.
For the sake of a mere 4% of total petroleum passing through the United States, we say stop the trains now, protect North America’s communities and build an energy system that protects the climate and our citizens from a reckless oil industry.
New data from the EIA shows that the President was right to call Keystone XL an export pipeline.
The new year has started just like the old one ended, with the oil price continuing its downward slide. This morning oil dropped to five and a half year low as over supply continued to spook the markets.
The President was right on Keystone XL being an export pipeline. The Washington Post Fact Checker got it wrong.