That Pipeline

[busybody..]

KEYSTONE CANCELLED, major U.S. refinery closes after EPA imposes $700 million in new costs. It’s like nobody wants us to have gas.

Hey, but they’re banning new uranium mining, too.

 

[busybody..]

SO WILL SOME OF YOU GREENS EXPLAIN WHY THIS IS BETTER FOR THE PLANET? Canada Will Look To China To Sell Its Oil.

 

[busybody..]

INVESTOR’S BUSINESS DAILY:Jobs vs. Greens? On Keystone Obama Chooses His Base.“President Obama’s rejection of the Keystone XL oil pipeline sums up his presidency. When it comes down to well-paying new jobs and cheaper energy vs. his political base, guess which wins.”

For all his populist rhetoric, whenever it comes to a choice between the interests of working people and the values of the gentry class, Obama chooses the latter.

Related: Obama Kills Keystone Pipeline Plan: Why He Did It.“After all, who needs a secure energy source from a best friend when you can pay a fortune to buy it from unfriendly people in faraway unstable places?”

 

[JohnnySavage]

What is the argument against it?
Why does it go all the way to the Gulf?
Why doesn't Canada build a refinery nearer the source?
Why can't it go to Illinois where there is already excess refining capacity?


Addendum: iMan said one of my posts was 'hogwash' and his words are hurtful.

I was way ahead of the curve on this thread. It's almost as if I can predict the future.

 

[chillywilly2]

I was way ahead of the curve on this thread. It's almost as if I can predict the future.

Wow...you're amazing

 

[JohnnySavage]

Wow...you're amazing

That's what she said.

 

[Wrong Element]

Problem is...now the greenies have Obama in their pockets...if he wins he will have a tough time approving it...not saying it won't get approved but.......

I'm not sure siding with environmentalists once in three years is proof that they have Obama "in their pockets." Plenty are still upset about his decision to approve expanded offshore drilling a couple of years ago, before BP reminded us that's not a free lunch either. This decision is one the administration almost had to make given the time constraints imposed by the GOP, which of course was the entire reason they imposed them to begin with.

Obama came up through Chicago politics, where the environment is not, to put it mildly, a key issue for most people. And it shows.

 

[chillywilly2]

Its really a wait and see thing. I have no doubt that the pipeline will get approved. Its just a matter of who will scream most and how much it will cost to shut them up

 

[busybody..]

Somewhere along the line, one has to admit what the intent is

Obama Set to Mount Next Offensive in the War on Coal?


Looks like it. Check this out (from Environment & Energy, behind a pay firewall).


When U.S. EPA proposes a rule regulating carbon dioxide emissions from new power plants this month, environmentalists hope it ensures that new coal-fired generators will come equipped with technologies for capturing and storing carbon.

But industry advocates say a one-size-fits-all standard would ignore EPA’s past practice of crafting New Source Performance Standards specific to fuel types. That, they say, could hurt fuel diversity and leave ratepayers vulnerable to price fluctuations.

EPA sent its proposed rule for new and modified electric utilities to the Office of Management and Budget in November for a final review, and theagency says it expects to release the proposed rule this month.

EPA is also required to propose rules for existing power plants and for refineries under the terms of two legal settlements reached with environmentalists and states in 2010, but the agency has missed court-ordered deadlines for those rules.

The proposed standard for new power plants is also six months behind schedule, but environmentalists say they hope EPA will use that extra time to craft a stringent new standard that will make a lasting shift in America’s energy portfolio.

And make energy prices skyrocket…

Then, there’s this.


Environmental Protection Agency (EPA) Administrator Lisa Jackson is having a good week in White House politics, as a major obstacle to her regulatory powers resigned as President Obama’s chief of staff, and then the president held an EPA pep rally the next day assuring Jackson of his commitment to her agenda.

More power for one of the least accountable agencies in the country…just what we need.

 

[JoeRockStar]

And here's why -> http://news.investors.com/Article/591960/201111161727/Billionaire-Buffetts-Bakken-Boom.htm

Killing the Keystone XL pipeline may help one of the world's richest men get richer. North Dakota's booming oil fields will now grow more dependent on a railroad the president's economic guru just bought.

Stop us if you see a pattern here. About the time George Soros — Hungarian billionaire and key donor to leftist groups and the Democratic Party — invested heavily in the stock of the state-run Brazilian oil company Petrobras, President Obama was curbing U.S. offshore oil production and the U.S. Export-Import Bank announced a $2 billion loan to Petrobras to finance deep-water drilling off the pristine beaches of Sao Paulo and Rio de Janeiro.

As he was imposing curbs and moratoria on U.S. offshore drillers, President Obama wished the Brazilians well in the hope we would someday be Brazil's best oil customer.

Apparently, oil tankers coming from Brazil are better and safer than a pipeline from Canada, whose best customer we will not be if they ship their tar sands oil to China instead.

Interestingly, another billionaire, Obama economic inspiration Warren Buffett, stands to benefit from the Keystone XL pipeline delay.

As oil production ramps up in the Bakken fields of North Dakota, plans to use the pipeline to transport it have been dashed.

As a result, North Dakota's booming oil producers will have to rely even more on the Burlington Northern Santa Fe (BNSF) railroad, which Buffett just bought, to ship it to refineries.

Buffett's Berkshire Hathaway has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion. Berkshire Hathaway already owns about 22% of Burlington Northern, and will pay $100 a share in cash and stock for the rest of the company.

 

[JohnnySavage]

Johnny has a little taste of BNSF

 

[TexasWife25]

http://www.bloomberg.com/news/2012-...ia-after-obama-rejects-keystone-pipeline.html




Canada Pledges to Sell Oil to Asia After Obama Keystone Permit Denial
By Theophilos Argitis and Jeremy Van Loon
January 19, 2012

Lets be honest here?
Does anyone really think Canada is going to sell to Asia?

They are annoyed because of the hold up and because of the scrutiny of
TransCanada and the shotty work they've done in the past.

So they are trying to look tough and give Obama the finger, so to speak.
But when push comes to shove, they will wait, and sell to us, because being our
ally is in their political interests and being our enemy is not, especially if Obama
wins reelection.

 

[trysail]

Lets be honest here?
Does anyone really think Canada is going to sell to Asia?

They are annoyed because of the hold up and because of the scrutiny of
TransCanada and the shotty work they've done in the past.

So they are trying to look tough and give Obama the finger, so to speak.
But when push comes to shove, they will wait, and sell to us, because being our
ally is in their political interests and being our enemy is not, especially if Obama
wins reelection.

Are you kidding? China has been running around the world buying up every bit of energy it can get its hands on.





This is where the Athabaskan petroleum will go if the U.S. continues to behave like an idiot. Canada is tired of dealing with the dopes in the U.S.; they'll probably build a West Coast export pipeline anyway.

http://northerngatewayalliance.ca/SiteImages/MapPlaceholder.png​

http://www.northerngateway.ca/project-details/project-at-a-glance/

 

[trysail]

Johnny has a little taste of BNSF

There's only one way that's possible.

 

[TexasWife25]

Are you kidding? China has been running around the world buying up every bit of energy it can get its hands on.





This is where the Athabaskan petroleum will go if the U.S. continues to behave like an idiot. Canada is tired of dealing with the dopes in the U.S.; they'll probably build a West Coast export pipeline anyway.

http://northerngatewayalliance.ca/SiteImages/MapPlaceholder.png​

http://www.northerngateway.ca/project-details/project-at-a-glance/

I never said Canada couldn't sell to China, just that they aren't foolish enough to do it.
Angering the sitting President of their closest neighbor would be the height of stupidity.

 

[thør]

I never said Canada couldn't sell to China, just that they aren't foolish enough to do it.
Angering the sitting President of their closest neighbor would be the height of stupidity.

The Chinese already own a portion of the oil sands in Canada.

 

[trysail]

I never said Canada couldn't sell to China, just that they aren't foolish enough to do it.
Angering the sitting President of their closest neighbor would be the height of stupidity.

http://www.bloomberg.com/news/2012-...ia-after-obama-rejects-keystone-pipeline.html


...To boost reserves, CNOOC [China National Offshore Oil Co.] has bid for at least $7.8 billion of overseas assets in the last two years, including shale-gas and oil-sand acreages in North America.

...CNOOC completed the purchase of oil-sands producer Opti Canada Inc. Nov. 28. for $2.4 billion. That followed the acquisition of stakes in U.S. shale-gas acreage from Chesapeake Energy Corp. (CHK) for a total of $1.65 billion in February 2011 and November 2010...

Canada accounts for more than 90 percent of all proven reserves outside the Organization of Petroleum Exporting Countries...


President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports.

Prime Minister Stephen Harper, in a telephone call yesterday, told Obama “Canada will continue to work to diversify its energy exports,” according to details provided by Harper’s office. Canadian Natural Resource Minister Joe Oliver said relying less on the U.S. would help strengthen the country’s “financial security.”

The “decision by the Obama administration underlines the importance of diversifying and expanding our markets, including the growing Asian market,” Oliver told reporters in Ottawa.

Currently, 99 percent of Canada’s crude exports go to the U.S., a figure that Harper wants to reduce in his bid to make Canada a “superpower” in global energy markets.

 

[JohnnySavage]

There's only one way that's possible.

That's why I said a 'little" taste

 

[thør]

And, Alaska might just sell more Natural Gas to the Chinese......

 

[trysail]

That's why I said a 'little" taste

Me too.


I doubt they'll ever go back to shipping bitumen or petroleum by rail in material quantities; it's just too expensive and inefficient. That brings back memories of old John D. Rockefeller. The last time I heard of anybody doing it was in Russia earlier in this decade because prices were over $140/barrel, the Russkies were up to there eyeballs in the stuff and Transneft couldn't build pipelines fast enough.

 

[trysail]

Canada this month began hearings on a proposed pipeline by Enbridge Inc. to move crude from Alberta’s oil sands to British Columbia’s coast, where it could be shipped to Asian markets.

http://www.northerngateway.ca/assets/498x245_contentimages/Project-Detail/Routemap.jpg​

 

[chillywilly2]

Canada this month began hearings on a proposed pipeline by Enbridge Inc. to move crude from Alberta’s oil sands to British Columbia’s coast, where it could be shipped to Asian markets.

either way....we're putting a bunch of people to work and the US is in the wait mode

 

[koalabear]

either way....we're putting a bunch of people to work and the US is in the wait mode

Yeah but! *Breaks into the oBlamer song*

 

[TexasWife25]

There's also the debate in Canada right now whether they should be shipping crude oil at all. A large part of their population would rather build a Canadian refinery rather then "shipping jobs to America or China"

 

[Shagly]

Canada this month began hearings on a proposed pipeline by Enbridge Inc. to move crude from Alberta’s oil sands to British Columbia’s coast, where it could be shipped to Asian markets.

http://www.northerngateway.ca/assets/498x245_contentimages/Project-Detail/Routemap.jpg​

Will the project be financed by China?