NPRA Explains Benefits of Keystone XL Pipeline

WASHINGTON, May 26, 2011 /PRNewswire-USNewswire/ -- The Keystone XL pipeline – which would transport oil from Alberta to refineries in Texas – would enable the United States to reduce its reliance on oil from unstable parts of the world, create American jobs, and strengthen America's economic and national security, the president of the National Petrochemical & Refiners Association wrote in a letter to two members of Congress today.

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The letter from NPRA President Charles T. Drevna came in response to a letter from Reps. Fred Upton (R-Mich.) and Ed Whitfield (R-Ky.). Upton is chairman of the House Committee on Energy and Commerce and Whitfield is chairman of the Subcommittee on Energy and Power.

"Completion of the Keystone XL pipeline would strengthen U.S. energy security and supply by maintaining adequate crude oil supplies for U.S. refiners from Canada, a stable, friendly and reliable North American neighbor," Drevna wrote in his letter. "By allowing U.S. refiners to use more Canadian supply, the U.S. would be less reliant on oil imports from the Middle East and North Africa, unstable foreign energy sources, making our nation less vulnerable to possible disruptions in supply."

"Completion of the Keystone XL pipeline can make an important contribution to lowering oil costs by increasing the supply of crude oil throughout North America," Drevna said in the letter.  "Gasoline prices are determined by a number of supply and demand fundamentals, but over the long term, the primary factor is the cost of crude oil. Increased supplies of Canadian crude oil to the U.S. will put downward pressure on crude oil prices and have a beneficial impact throughout the entire supply chain."

SOURCE National Petrochemical & Refiners Association

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