Posted on 02/27/2012 10:15:19 AM PST by SoonerStorm09
OKLAHOMA CITY – Oklahoma Governor Mary Fallin today applauded TransCanada’s decision to proceed with the construction of an oil pipeline from Cushing, Oklahoma to the U.S. Gulf Coast. The pipeline represents the southern leg of the Keystone XL Pipeline project that would transport oil from Canada and various U.S. markets to the Gulf Coast.
“Connecting Cushing to oil markets in the Gulf Coast will provide both an immediate economic jolt to the state of Oklahoma as well as a long term boost to our energy sector,” Fallin said. “Construction of the pipeline alone will create 1,200 jobs, while increasing access to the important markets along the coast will help energy producers for many years to come. This is an important, positive step forward for Oklahoma, and my thanks go out to TransCanada for its leadership on this issue.”
(Excerpt) Read more at reddirtreport.com ...
Sombody in the know must be pretty sure Obama is gone this fall to essentially bet $2.5 Billion on it...
Maybe so, but I think there is a large bottleneck now at Cushing which keeps the price of crude low relative to Brent. I think they need this leg regardless.
The bottleneck for the pipeline is crossing the Canadian border. Despite the delays on that front, there’s still much of the pipeline that can still be built (and useful) domestically.
Enviro-Nazi’s in Obama’s EPA: “Quick, find an endangered minnow, lizard, frog, insect or plant in the path of the pipeline. We must stop it at any cost!!”
Yep!
Great actor...memorable scene... I use it, like many, where ever it fits. LOL
That’s exactly how I read this. ONE Term prezzie.
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