Senator John Thune thinks that 65% of Americans want the Keystone XL pipeline. Maybe 65% of Americans say that, but that "support" may signal that they don't understand the real effects the pipeline would have.
Consider this subsequent poll that finds that 77% of Americans support restrictions on oil exports if those restrictions help keep domestic gasoline prices down. The absence of Keystone XL is a significant practical export restriction. As we've discussed here numerous times, TransCanada's business case for Keystone XL is to make more money by clearing the North American glut, pushing its oil out to China and other global bidders, and raising our gasoline prices here in America.
People who support Keystone XL may operating, like Rep. Kristi Noem, under the hopeful assumption that a new pipeline means new oil for us and cheaper prices at the pump. But TransCanada's last big pipeline project produced no such result.
You and I don't stand to benefit from the Keystone XL pipeline. But the Koch Brothers do:
The biggest lease owner in Canada's oil sands isn't one of the well-known international oil giants. It's a subsidiary of Koch Industries, the privately owned cornerstone of the fortune of conservative Koch brothers Charles and David.
The Koch Industries subsidiary holds leases on 1.1 million acres — an area nearly the size of Delaware — in the oil sands region of Alberta, Canada, according to an activist group that studied Alberta provincial records.
...[T]he International Forum on Globalization... is arguing that Koch will benefit indirectly. The IFG contends that the Keystone XL pipeline will create competition among rail and other pipelines and lower transportation costs for all oil sands producers, bolstering profit margins and making additional reserves economically viable [Steven Mufson and Juliet Elperin, "Koch Brothers' Quiet Play: Oil Sands," Lincoln Journal-Star, 2014.03.22].
Once again, Senator John Thune and the Republican Party put the interests of Big Oil over the economic and environmental interests of South Dakotans. Thanks, John!14 comments