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Friday, March 6, 2015

U.S. Oil Storage A Major Problem Driving Prices Lower. Does ANYONE Need Keystone Pipeline?

Where are we going to put all that oil? "U.S. crude-oil supplies are at their highest level in more than 80 years, according to data from the Energy Information Administration, equal to nearly 70% of the nation’s storage capacity. ... Some analysts predict prices, already down 50% since June, could spiral even lower as producers sell oil at a discount to the few remaining buyers with room to store it. Consumers, though, would continue to be big winners as refineries convert an ocean of crude into gasoline and other fuels." Nicole Friedman in The Wall Street Journal.

The Keystone Pipeline Has Produced 400 Times More Permanent Jobs Than The Keystone Pipeline Will

Each Senator Who Voted For Keystone XL Got $250,000.00 From "Big Oil"

Bloomberg News: Keystone Pipeline's Policy Significance Now Close To Nil





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