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OK lets not let facts get in the way,
Canada and Mexico supply America with over sixty percent of their oil imports, who owns the Canadian oil fields..... American Companies! You would ask why are American companies extracting oil from Northern Alberta, simple thats where the oil is.
Texas and other American states have run out of new oil reserves, Keystone pipeline is designed to keep the refineries in the Southern USA in the money by taking the bitumen oil from Alberta, refining it, and selling at market price. There is no reason to do this other than it will save on shipping and increase profits of the oil sands. If you believe it will lower gas prices.... well then I have some magic beans for sale as well.
The other hard truth is that oil needs to be $75 - $80 a barrell or more for the Albera oil sands to be profitable. I highly doubt we will ever see it dip below this ever again, because AMERICAN and Chinese oil companies have almost a trillion dollar investment in the oil sands and we all know oil companies don't lose money
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