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RE: Valero Statement on Keystone P/L

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Chris Cottrell

Don’t know how much truth there is to it, but a lot of the anti Keystone arguments I have heard lately center around the notion that some of the Gulf Coast refiners (Valero especially) want the Canadian crude in order to export to other Countries. This seems ludicrous to me in light of the recent start ups of export oriented refineries in Brazil, India, etc who are starting to flood this Country with refined product but it carries some currency in the public mind and whether it is true or not, it is very hurtful to those who are trying to get the pipeline approved.

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