The Mudcat Café TM
Thread #149633 Message #3482635
Posted By: pdq
22-Feb-13 - 06:43 PM
Thread Name: BS: Will Obama approve the XL pipeline?
Subject: RE: BS: Will Obama approve the XL pipeline?
The oil will go to refineries that are already built in Texas and maybe Louisiana.
Many of them are running below capacity due to the Obama moritorium on oil drilling in the Gulf.
These folks are probably good union boys who have families to take care of.
The oil from tar sands in Alberta is supposed to be pretty ugly stuff, but US refineries still pay market price for Venezuela crude that has about 7% gasoline and is as thick as mud.
High quality Texas crude is over 30% gasoline.