Pipeline Could Push Gas Prices Higher
image by Dave Fehling
May 18, 2012
by: Mose Buchele
The debate over TransCanada’s proposed oil pipeline from the tars sands of Alberta to the Texas Gulf Coast has focused largely on the environmental and economic impacts. People in favor, say it will bring jobs and energy security. Opponents say it will damage the environment. But the project might have another consequence that’s been largely overlooked: it could actually raise gas prices for many American consumers.
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