[Pearls Before Swine]

Cost of the pipe line, is probably 100 times that of a refinery.

Do you have some references for that? Obviously, the relative cost matters. Without any specific knowledge of my own, I would have though the pipeline cheaper.

[org.whodat]

It cost 8 billion dollars, to build the Alaskan pipe line, it was 48 inches and 800 miles, the price is corrected to 1997 dollars., a large oil refinery costs about 6 billion are less. Now you do the math, but they have estimated the cost of the keystone to be about 13 billion, probably short 4 or 5 billion. Are you could build a refinery for the cost overruns.