RIP Keystone pipeline
- Thread starter Funky Bunch
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Washington (CNN)Secretary of State John Kerry has recommended that the U.S. reject the Keystone XL pipeline, senior administration officials told CNN, concluding the controversial project is not in the country's national security interest.
Kerry will meet with President Barack Obama this morning, after which the President is expected to speak to his top diplomat's decision.
Kerry's determination spells almost certain death for the massive project, a seven-year political fight that has pitted oil companies and Republicans against environmentalists.
http://www.cnn.com/2015/11/06/politics/keystone-xl-pipeline-decision-rejection-kerry/index.html
Kerry will meet with President Barack Obama this morning, after which the President is expected to speak to his top diplomat's decision.
Kerry's determination spells almost certain death for the massive project, a seven-year political fight that has pitted oil companies and Republicans against environmentalists.
http://www.cnn.com/2015/11/06/politics/keystone-xl-pipeline-decision-rejection-kerry/index.html
I thought the TransUnion (or whoever) company already cancelled the project, because with oil prices in the toy-toy, the tar sands oil was FAR from becoming profitable.....
In other words, if they had started this pipeline build a year or two ago, it would have been mothballed (at least temporarily) until oil prices rebounded. And, with likely treaties which will put some caps on CO2 emissions in the near future (probably carbon taxes), the tar sands projects will never compete at all. They had or have a VERY narrow time window to extract that oil, which is very likely to close permanently, regardless of this pipeline's approval.
In other words, if they had started this pipeline build a year or two ago, it would have been mothballed (at least temporarily) until oil prices rebounded. And, with likely treaties which will put some caps on CO2 emissions in the near future (probably carbon taxes), the tar sands projects will never compete at all. They had or have a VERY narrow time window to extract that oil, which is very likely to close permanently, regardless of this pipeline's approval.
The oil is going to be extracted and it's going to be sold. The only difference is that it will be transported in a much more unsafe and ecologically damaging way.
We'll see.
The OPEC countries jacked up production and drove down prices for the last two years.
Two things occurred.
1) It damaged the American oil/fuel producers significantly.
2) Destroyed the business case for the Keystone Pipeline.(It no longer makes dollars and cents)
Mission accomplished. Now the OPEC countries can slow drilling, watch oil commodities rise and profit.
We'll all go back to getting taken at the pump.
But as long as Warren Buffet continues to make billions off of transporting oil at a more expensive rate than the pipeline would have, it's all good. he's one of the "good" billionaires.
TransCanada is going to sell $70/barrel oil on the markets for $50/barrel!!!!
WHAT.A.BUSINESS.PLAN!!!!
oil isn't moving too far too quickly. Iran will be coming online and we still have tankers full of crude with nowhere to take it because emerging countries aren't growing fast enough.
Yes, I'm sure we'll have cheap oil forever. We all know the price of oil is not volatile at all.
Why can't Canada transport and guarantee the safety of their own oil them Trad? Let them take it to the Pacific on their own pipeline.
They will. And it'll be transport by trucks, rail and ships which will release CO2 that wouldn't be released if transported by pipeline.
Why do you hate the climate?
It's a Canada problem. They need to solve THEIR problem. They have the ability to solve problems...they already have a workable and successful healthcare delivery system. Those Canucks are pretty smart fellows.
Heaven forbid we get one more, not too mention we've built 10 Keystones in the meantime while everyone was trying to win political points off the Keystone Pipeline
Heaven forbid we get one more, not too mention we've built 10 Keystones in the meantime while everyone was trying to win political points off the Keystone Pipeline
Yep, the pro pipeline folks overstated its economic impact and the anti pipeline folks overstated its environmental impact. This was purely political on both sides.
Oh, ciggy that is a cop-out! The pipeline debate was good vs. evil....right vs. wrong! Politics? ha......Ethical and moral superiority, probably!
Obviously. They SOLVE their problems as opposed to kicking them down the road. They are just trying to transfer this oil transport business on to uis. And we were stupid enough to swallow the bait.
As I said...it is a Canada problem that THEY need to solve.
I forgot to mention the old "capitalism vs. socialism" argument.......rugged individualism vs. the nanny state.....I could go on but I need a drink.
John D Rockefeller biggest liberal ever made billions off of pipelines
http://www.mining.com/web/how-rockefeller-parlayed-pipelines-into-billions/
http://www.mining.com/web/how-rockefeller-parlayed-pipelines-into-billions/
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