tag:blogger.com,1999:blog-8638998837390550464.post3107541165269002049..comments2024-02-26T11:57:59.502-06:00Comments on Schultz's Take: “It’s the gas prices stupid.” Oil and the Fate of the Obama PresidencyProfDSchultzhttp://www.blogger.com/profile/14428175737629801650noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8638998837390550464.post-22662352989932396292012-03-12T17:19:53.675-05:002012-03-12T17:19:53.675-05:00I was reminded today in the sharpest way that the ...I was reminded today in the sharpest way that the Republicans have no clue what to do about gasoline prices. Rep. John Kline sent out a survey with leading answers directing you to believe that building the Keystone XL pipeline would lower gas prices.<br /><br />However, Bloomberg points out that there is a glut of cheap oil in the Midwest due to cost of transporting the Canadian tar sands oil. The Canadians want to build the pipeline to sell their oil more expensively around the world. Experts say that building the pipeline would RAISE prices in Minnesota by 10 to 20 cents per gallon and could even endanger new jobs at the Koch Industries subsidiary Pine Bend refinery in Rosemount, MN, the largest refinery in any state without an oil well.Colinhttps://www.blogger.com/profile/09182558493263137829noreply@blogger.com