This week, Nebraska will decide on whether to approve an extension of the Keystone pipeline which will carry the oil down to Texas.
Oil to Texas?!
Texas is drowning in oil. So why a dangerous pipeline to bring oil from Canada to Texas? The answer: Koch.
Koch Industries owns an oil refinery in Corpus Christi, Texas, which cannot use Texas oil because it’s too “light” – that is, doesn’t have enough sulphur in it, it’s too thin (and too clean). The Koch refinery needs “heavy” oil, like the nasty gunk from Canada’s tar sands – the stuff carried by the Keystone Pipeline. So, the Koch’s have been captive customers of Venezuela, the only other giant heavy producer. And Venezuela has been charging the Kochs about $15 more for crude than the Canadians. if the Kochs can get the Keystone extension (XL) down to their refinery, David and Charles Koch will personally collect an extra billion dollars a year from the savings.
Here’s a clip from my film, The Best Democracy Money Can Buy, which explains by Donald Trump made approving the Keystone XL pipeline extension his #1 executive action when he became President.
Also read Keystone Leaking: ‘Smart’ PIGS Fail Again.
Greg Palast (Rolling Stone, Guardian, BBC) is the author of The New York Times bestsellers, Armed Madhouse, Billionaires & Ballot Bandits and the book and documentary, The Best Democracy Money Can Buy.
His latest film is All Washed Away: The Untold Story of the Drowning of New Orleans and Texas. Palast is currently working on a new documentary Long Knife, exposing the Koch Brothers' theft of Osage oil, to be released in 2025.
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