Pipeline Could Push Gas Prices Higher
by: Mose Buchele, May 18, 2012 5:05:00 pm
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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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