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The Keystone Pipeline Brings Oil to Asia; not US [LINK] →

The easy caricature is not true, and it’s not the whole story, says Rep. Ed Markey, the ranking Democrat on the House Natural Resources Committee. Markey agrees it would be “a very good thing if the U.S. could be reliant on North American-produced oil,” but that’s not what the Canadians intend, he says. Keystone oil is headed for Port Arthur, Texas—a foreign-trade zone that allows tax-free transactions—and then on to Asia, not the U.S. This is an important point that is rarely made. “That foreign-trade zone is what made me suspicious of what the real agenda was for this oil,” says Markey.