Posted by: stiltsville | December 9, 2011

Why build a pipeline when we are near refining capacity?

View of Shell Oil Refinery in Martinez, Califo...

Image via Wikipedia

There hasn’t been a new oil refinery built in the US for more than 35 years. The refineries are approaching the end of their service life and are running at near capacity. This, we’re told, is what’s keeping gas prices high.

So why do we want to build a pipeline, at a cost greater than that of a new refinery, to bring more raw material into an already maxed-out system?

It’s not because we are going to increase our energy independence… and it’s not to drive down the price at the pump. No, it looks like the US is going to become a net exporter of petroleum products by the end of this year.

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