Wednesday, November 16, 2011

Nebraska's Senate Helping Out TransCanada, Thanks to Taxpayers

A reminder why Nebraskans should not be allowing their senate to make a "deal" with TransCanada.  The company will undoubtedly get its pipeline, but it shouldn't be doing it on Nebraska's dime.

"TransCanada Corp. could begin construction of a vital segment of its Keystone Xl oil pipeline BEFORE U.S. regulators have signed off on the project as a whole."
"Executives at the company told an investor conference in Toronto Wednesday that the section of pipeline between the energy hub of Cushing, Okla. and the U.S. Gulf Coast could be prioritized, to alleviate a supply GLUT."
"As it stands, millions of barrels of crude oil come into Cushing every day from all across North America, but there isn't enough infrastructure in place at the moment to efficiently move it to refineries and EXPORT ports on the coast. There's a massive bottleneck, which has DEPRESSED PRICES for North American oil versus its European counterpart, Brent Crude."

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