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View Diary: Administration will reject Keystone pipeline, for now (158 comments)

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  •  That was my 1st thought (2+ / 0-)
    Recommended by:
    howd, kitebro

    Write it down now!!  We will see gas prices north of $5.00 a gallon this fall! What better way for the oil industry to get back at Obama than to artificially raise the prices through the roof just before the election.

    They, and their surrogates, will get on the radio, TV, internet, and every other medium out there and blame the prices on Obama's decision.  Then, they will pour money into GOP races, buying the GOP politicians, and every positive oil-industry bill for the next 10 years, and that money will be a mere drop in the oil drum of profits they will pocket from that price increase.

    Think about it: They get to pocket an additional $2.00+ per gallon for the next 18 months or so; they get the pols they want, and oh yes, they WILL get their pipeline - allbeit delayed by a year or so.

    •  We Should Welcome the Keystone Fight (1+ / 0-)
      Recommended by:
      meralda

      Yes, the oil companies and their lackeys will be saying that the high gas prices are a result of Obama's decision to stop Keystone, that is why I am interested in seeing if Obama will use this opportunity to push back and tell the American people the facts that:

      1) the oil to be piped to Texas in Keyston is oil that is currently being piped to the US midwest
      2) the oil being piped to Texas will be exported instead of being sold in the Mid-west as it is now.  
      3) That if you think gas prices are high now, wait until after the pipeline is build and the oil companies can take the oil that they were selling in the US and sell it for a higher profit to Europe and Asia, thus increasing the price of gas in the US.

      Poor man wants to be rich. Rich man wants to king. And the king ain't satisifed until he rules everything. B.Springsteen

      by howd on Wed Jan 18, 2012 at 11:54:40 AM PST

      [ Parent ]

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