Thursday, October 17, 2013
As it appears that arguments about the Keystone XL Pipeline are about to erupt again in earnest, I would like to clarify one key detail.
Despite the claims of the petroleum industry and its well-paid political supporters, aided by a nose-ringed news media, the Keystone Pipeline will not terminate in some vague place called “on the gulf.” The pipeline will terminate quite specifically at Port Arthur, Texas.
It will end there because Port Arthur is a Federal Free Trade Zone and petroleum and its products may be exported therefrom without paying taxes.
This is yet another example of how the oil industry rigs the game consistently in its own favor and then whines if we don’t subsidize it.