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    LIE


    Keystone XL pipeline would lower gasoline prices

    TRUTH

    There wouldn’t be enough oil from Keystone XL to affect gasoline prices


    Energy experts Severin Borenstein, Andrew Leach, Michael Levi, and Chris Lafakis have each stated that the pipeline would have little if any impact on gasoline prices. Borenstein, for instance, said the pipeline would "bring additional oil to the world market, starting around 2020. The effect on oil prices then will be miniscule, the effect in the next couple years nonexistent." Even Ray Perryman, the economist hired by TransCanada to assess the economic benefits of the pipeline, said the effect would be "modest" and likely "swamped by the day-to-day factors that impact market prices."