I heard it again Monday morning: "Let us keep pumping heavy Canadian crude through our pipeline and American gas prices will come down." That was part of the statement of an Exxon spokesperson after the Arkansas pipeline rupture and its potential effect on the Keystone pipeline.
But wait! A couple weeks ago The Bellingham Herald ran a front-page story explaining why our gas prices were not coming down despite the fact that energy companies had promised prices would drop if we just open up more U.S. territory to extraction. Which we have.
The reason: our oil is sold on the global market to the highest bidder.
Finally, we hear the truth!
I do not believe the oil companies have ever intended to help lower our gas prices by processing more oil. Remember this in the upcoming fight over the Keystone Pipeline. I believe Big Oil's promise of lower gas prices in exchange for more drilling, transporting, processing and shipping of our oil is a lie.