Gasoline in Chicago's northern suburbs, where I live, is selling for only $3.90 a gallon--which is forty cents cheaper than it was a few months ago. But gas costs Americans $2 more since President Obama was sworn into office.
The easiest way to bring down the price is to increase supply, which is what the Canadians are doing by extracting petroleum from oil sands in Alberta. They want to ship that oil to us via the proposed Keystone XL pipeline.
The New York Times weighed in on the pipeline in an op-ed today, not surprisingly, it's against it. But even the Old Gray Lady admits it can't stop our northern neighbors. It writes, "Canada's government is committed to the tar sands business."
Which means the Canadians will just ship their oil to China or India if we turn them down.
The State Department has yet to decide if it will approve the Keystone XL pipeline.
Technorati tags: politics economy Drill here, drill now government energy news Canada
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