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Keystone XL and Line 3 Transportation Capacity Would Exceed OPEC Imports

Most people don't realize how important the Line 3 replacement project in Minnesota truly is. Not only would it reduce the chances of an oil spill by replacing an aging, corroded pipeline with a safer, state-of-the art new pipeline, but it would also allow this pipeline to transport more oil into the United States than we currently purchase from Saudi Arabia. Add this to the extra pipeline capacity that would be brought online thanks to the Keystone XL pipeline, and it would be the equivalent of replacing all of OPEC, as you can see in the graph below which uses oil...

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American Frackers Are Dismembering OPEC

OPEC used to to be the most influential cartel in the world. Even if the general public didn't know that OPEC stood for the Organization of Petroleum Exporting Countries, they were keenly aware of the power this  group held to raise, or lower, oil prices, and what impact gas prices had on their families. But many people don't realize the power of OPEC is withering under the onslaught of American oil produced on American soil. America's surging oil production is so disruptive to the cartel that the Middle Eastern nation of Qatar has announced it will leave the organization in January. This...

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Three Reasons Gas Prices Will Be Higher this Summer, and One Reason They Won’t Be as High as They Could Be

There's good news and bad news. Gas prices this summer are forecast to be higher than they have been for the last four years, according to the U.S. Energy Information Administration. Here are three reasons gas prices will be higher this summer than last year, and one reason why they won't be as high as they could be...

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