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The oil in those pipelines…

October 16, 2012

Note to Mr. Romney on this paraphrase about the price of gas:
“It was $1.80 per gallon when Obama came in and now it’s over $4 per gallon….something something…pumping oil in by pipeline from Canada.”

At $1.80 per gallon…there would be no oil in that pipeline! The oil from Canada, from the Alberta tar sands is only financially sustainable at over $85/barrel. During the depth of the Great Recession the oil sands companies would barely breaking even.

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