This week, Nebraska will decide on whether to approve an extension of the Keystone pipeline which will carry the oil down to Texas.
Oil to Texas?!
Texas is drowning in oil. So why a dangerous pipeline to bring oil from Canada to Texas? The answer: Koch.
Koch Industries owns an oil refinery in Corpus Christi, Texas, which cannot use Texas oil because it’s too “light” – that is, doesn’t have enough sulphur in it, it’s too thin (and too clean). The Koch refinery needs “heavy” oil, like the nasty gunk from Canada’s tar sands – the stuff carried by the Keystone Pipeline. So, the Koch’s have been captive customers of Venezuela, the only other giant heavy producer. And Venezuela has been charging the Kochs about $15 more for crude than the Canadians. if the Kochs can get the Keystone extension (XL) down to their refinery, David and Charles Koch will personally collect an extra billion dollars a year from the savings.
Here’s a clip from my film, The Best Democracy Money Can Buy, which explains by Donald Trump made approving the Keystone XL pipeline extension his #1 executive action when he became President.
Also read Keystone Leaking: ‘Smart’ PIGS Fail Again.
Greg Palast (Rolling Stone, Guardian, BBC) is the author of The New York Times bestsellers, The Best Democracy Money Can Buy and Billionaires & Ballot Bandits, out as major non-fiction movie: The Best Democracy Money Can Buy: The Case of the Stolen Election (the brand new, updated, post-election edition). Watch the movie and get the info on the Keystone Pipeline
Stay informed, get the signed DVD, a signed copy of the book companion – or better still, get the Book & DVD combo.
Visit the Palast Investigative Fund store or simply make a tax-deductible contribution to keep our work alive! Alternatively, become a monthly contributor and automatically receive Palast’s new films and books when they’re released!
Or support the The Palast Investigative Fund (a project of The Sustainable Markets Foundation) by shopping with Amazon Smile. AmazonSmile will donate 0.5% of your purchases to the Palast Fund and you get a tax-deduction! More info.
Subscribe to Palast’s Newsletter. Follow Palast on Facebook and Twitter.