Despite the limitations, this could be good news for California with Keystone, could lower Gasoline prices in California up to 10% or more. There an absence of Texas or Cushing to California pipelines due to cheaper imported oil . The double cost of US tankers under the Jones Act could make US-US transport economically feasible from 2015. In addition, Light sweet crude is cleaner and cheaper to refine than much of the heavy sludge we import today. bloomberg/news/2014-01-28/texas-vies-with-saudi-arabian-oil-in-california-supply-freight.html
Posted on: Sat, 01 Feb 2014 08:30:36 +0000
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