Is Canadian Oil Bound for China Via Pipeline to Texas?
In a global economy, sending more Canadian oil to Texas could be a modern silk route, a "Tar Sands Road" to China, economist says.
But one line of attack is more about economics and geopolitics than land and water. And it strikes at pipeline proponents' central argument that Keystone XL would buttress U.S. energy security. Opponents contend instead that the pipeline's petroleum could largely bypass the American markets and be shipped to Asia.
"This is all about taking the oil that's coming into the Midwest and moving it down to the Gulf Coast, where they have access to China and other markets," the National Wildlife Federation's Jeremy Symons told Congress this summer.
Spurred by the provocative analysis of a prominent energy economist, Philip Verleger, the argument joins the already contentious debate over the Keystone XL pipeline. The 1,700-mile, $7 billion project has stalled awaiting