Any day now I expect the Prez to approve the Keystone XL deal.  Do you know why it is called Keystone XL?  (Pause here for the Google search)………there is already a Keystone pipeline…….the XL is for the expansion to make it LARGER.  As a matter of fact the existing Keystone is in the news as I type………

Newser) – Ten surviving “oiled ducks” and two dead ones have turned up following a pipeline leak in Arkansas, Exxon Mobil says. “I’m an animal lover, a wildlife lover, as probably most of the people here are,” says a local judge. “We don’t like to see that.” The air around the town of Mayflower smells like oil, the AP reports, and two front lawns have been soaked by the stuff. An Exxon rep says there’s “no indication” of health dangers, but the spill’s cause remains a mystery as Exxon workers clean up.

The company was fined in 2010 for a failure to inspect another part of the Pegasus oil line often enough, Reuters notes. As of yesterday, the company still hadn’t dug up the ground around the leak. Meanwhile, the disruption of the line, which runs from Patoka, Illinois, to Nederland, Texas, continued to fuel debate over the Keystone XL pipeline. The Pegasus line transported oil similar to what the Keystone pipeline would carry, Bloomberg notes, and there’s controversy over whether this diluted bitumen is more corrosive than regular crude. Last year saw 364 US pipeline spills totaling 54,000 barrels. National Geographic has more photos of the latest spill.

That’s right, sports fans….the disaster occurring in Arkansas is part of the existing Keystone pipeline…….it is oil from the sands of Alberta that is polluting central Arkansas……got that?

The pipeline will hire many construction workers, if approved……but once finished those jobs will be gone.  The oil flowing through the completed pipeline does NOT belong to the US…..it is Canadian oil…..and the Canadians will sell it to the highest bidder….it will NOT make the US independent.

The political line is that the US will be the number one oil producing country in the world by 2020……the truth is that the oil companies will be the producers not the country…….it is a political game to claim otherwise…it is disingenuous…..

Then we have people like Pickens that is pushing nat gas……and is saying that this will make us more independent…….the truth there is that nat gas will fluctuate in price like oil and the will be no cheaper than any other form of fossil fuel……again the country will not be producing the gas…….companies will and companies will trade it, like oil, in the spot markets…..

As always…..there is only one way for the country to profit from oil production…..and NO one likes it……but if you want cheaper oil then there is only one way to achieve the price decrease…….