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Canadian PM says Iran threat justifies Keystone XL approval
Fuel Fix ^ | January 17, 2012 | Puneet Kollipara

Posted on 01/17/2012 10:48:50 AM PST by thackney

Canadian Prime Minister Stephen Harper became the latest stakeholder in the Keystone XL debate to cite Iran’s threats to block the Strait of Hormuz as one justification for the U.S. to approve the controversial oil pipeline.

Harper told the Canadian Broadcasting Corporation yesterday he thinks it’s “pretty obvious what the right decision is, not just from an economic and environmental standpoint but also from an energy-security standpoint.”

“When you look at the Iranians threatening to block the Strait of Hormuz, I think that just illustrates how critical it is that supply for the United States be North American,” Harper said. (Click here for the video. Harper’s comments start around 5:00.)

Calgary-based TransCanada Corp.’s pipeline would carry oil sands crude from Alberta through six states to Gulf Coast refineries in Port Arthur and Houston. The Canadian government has long encouraged the United States to approve the pipeline.

Tensions between the U.S. and Iran have been increasing since U.S. imposed sanctions on Iran over concerns about nuclear weapons.

As a result, Iran has repeatedly insisted it would block the strait, a pathway for one-fifth of the world’s oil, if America and other nations were to move forward with sanctions on Iranian oil exports aimed at further discouraging the country from pursuing its nuclear program. Some analysts have contended, however, that Iran is bluffing. Harper’s arguments add to those made by some Republicans ever since the Islamic republic issued the threats.

Harper said “we’ll continue to make” the argument that the U.S. should use North American oil instead of relying on supplies from unstable Mideast countries.

“But we’ll respect the fact that the Americans have a right to make their own decisions,” Harper said.

Pipeline opponents such as the Natural Resources Defense Council have rejected the Iran argument as flawed, saying importing more Canadian oil wouldn’t shield the U.S. from the price spikes and supply shocks that occur in a global oil market.

Even then, they cite a U.S. government analysis in saying Keystone XL wouldn’t measurably alter American imports of oil from Canada at least through 2030 anyway. Instead, they contend, Keystone XL would reroute oil from the Midwest to the Gulf Coast, where refiners could export some of it after they process it.

TOPICS: Canada; News/Current Events
KEYWORDS: keystonexl; oil; oilsands; pipeline

1 posted on 01/17/2012 10:48:58 AM PST by thackney
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To: thackney

Obama, approve the pipeline, you twit.

2 posted on 01/17/2012 11:01:32 AM PST by Rennes Templar
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To: thackney

Makes sense to everyone except the Destroyer in Chief that
somehow still occupies the White House.

3 posted on 01/17/2012 11:02:32 AM PST by Fireone (Building the gallows, this one has two nooses.)
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To: Fireone
Makes sense to everyone except the Destroyer in Chief that somehow still occupies the White House.

Plus it would create many, many good-paying jobs, which last I heard, are needed in the U.S. But Obama is only concerned about protecting his job, so he doesn't want to alienate wealthy donors.

However, last night I was watching Ezra Levant, and he interviewed several HOllywood celebrities at Banff over the weekend (they were there for a ski trip). Except for Kenny Loggins, all he interviewed said they preferred ethical oil from Canada instead of OPEC oil. Even Alec Baldwin said the U.S. should get some of its oil from Canada!

4 posted on 01/17/2012 11:29:16 AM PST by proud American in Canada
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