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TransCanada will look at rail if Keystone XL rejected
AP via Fuel Fix ^ | January 15, 2014 | Rob Gillies

Posted on 01/16/2014 5:44:12 AM PST by thackney

The chief executive of TransCanada said Wednesday if the Obama administration doesn’t approve the controversial Keystone XL pipeline his company will look to the more dangerous alternative of building build rail terminals in Alberta and Oklahoma.

President Barack Obama is expected to decide early this year on Keystone XL, which is under review at the State Department. The long-delayed pipeline would carry oil from Canada to the Gulf Coast.

TransCanada CEO Russ Girling said pipelines are “by far a safer alternative” to oil trains but said if customers want him to build rail terminals he will. He said he’s in discussions with oil and rail companies.

Concerns have been raised about the increasing use of rail to transport oil throughout North America. A number of recent derailments have worried both officials and residents close to rail lines. In July, 47 people were killed in Lac-Megantic, Quebec, when a train with 72 oil tankers derailed and exploded in the small community. On Dec. 30, an oil train derailed and exploded in North Dakota, causing the evacuation of a nearby town but no injuries. Earlier this month, a train carrying oil and gas exploded in New Brunswick, also causing evacuations.

Girling said they’ll consider building a rail terminal in Hardisty, Alberta where the pipeline would have started. He said he will also consider building an import terminal in Cushing, Oklahoma, site of the biggest U.S. oil storage hub. The southern leg of Keystone XL from Cushing to refineries in the Gulf Coast is set to come online next week.

(Excerpt) Read more at fuelfix.com ...


TOPICS: Canada; Israel; News/Current Events
KEYWORDS: buffett; canada; cronycapitalism; energy; israel; keystonexl; lurch; northdakota; oil; opec; rail; rigged
excerpted for AP content
1 posted on 01/16/2014 5:44:12 AM PST by thackney
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To: thackney

My prediction: Obama will save the world by approving Keystone.


2 posted on 01/16/2014 5:50:43 AM PST by Sacajaweau
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To: thackney
Everyone is groping for reasons that Obama is blocking Keystone. It makes no sense. However, his reasoning becomes crystal clear when you consider the following:

Obama hates conservatives, especially successful conservative capitalist white people. PM Harper is a conservative white person and Canada is a successful capitalist country. I believe there is some personal animus towards Harper from Obama.

3 posted on 01/16/2014 5:52:54 AM PST by Former Proud Canadian (Cruz/Palin 2016)
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To: Sacajaweau

Your prediction: “Obama will save the world by approving Keystone.”........

Should read: “Obama will save the world by committing suicide”.


4 posted on 01/16/2014 5:54:31 AM PST by DaveA37
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To: Sacajaweau

“My prediction: Obama will save the world by approving Keystone.”

I’m not so sure. My guess is he very well may shelve both until after the mid-terms, or reject both. We’ll see.


5 posted on 01/16/2014 5:54:57 AM PST by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: thackney; Clive; exg; Alberta's Child; albertabound; AntiKev; backhoe; Byron_the_Aussie; ...
To all- please ping me to Canadian topics.

Canada Ping!

6 posted on 01/16/2014 5:57:38 AM PST by Squawk 8888 (I'd give up chocolate but I'm no quitter)
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To: thackney

TRP $43.95 dividend .43 a quarter. If they end up bringing oil here by rail the stock will jump.


7 posted on 01/16/2014 5:58:23 AM PST by 12th_Monkey (In an alternate universe Obama still dips ice cream)
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To: Former Proud Canadian
Canada is a successful capitalist country Seriously?
8 posted on 01/16/2014 5:59:04 AM PST by hawkaw
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To: thackney

Yeah, this will help China’s energy profile.


9 posted on 01/16/2014 6:05:07 AM PST by AU72
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To: thackney

The biggest threat to the economy and security of the Unites States is the environmental lobby.


10 posted on 01/16/2014 6:11:41 AM PST by Old Retired Army Guy
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To: thackney

A couple of questions if you know the answers.

Is the Keystone proposed to be above or below ground?

Approximate mileage for pipeline and rail?


11 posted on 01/16/2014 6:14:42 AM PST by deport
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To: Sacajaweau

But both parties want it to drag out past the next election so they can use it as a fund raising issue until then.


12 posted on 01/16/2014 6:18:39 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Dagny Taggart approves?


13 posted on 01/16/2014 6:18:40 AM PST by spiritplumber
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To: 12th_Monkey

They are not proposing being a rail carrier. They are discussing adding more rail loading points from their pipelines/terminals. Rail companies would move the oil from there.


14 posted on 01/16/2014 6:20:14 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney
I don't think so right now. He has a lot of Dems who are really p***** at him for this screwy Obamacare...which they voted for.

They need something positive...anything

15 posted on 01/16/2014 6:25:54 AM PST by Sacajaweau
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To: deport
Is the Keystone proposed to be above or below ground?

Below grade like all pipelines not built in permafrost areas.

Approximate mileage for pipeline

The Keystone XL is a proposed 1,179-mile (1,897 km), 36-inch-diameter crude oil pipeline, beginning in Hardisty, Alta., and extending south to Steele City, Neb.

and rail

To where? Once you load on rail most will haul it to markets not served by major pipelines because the oil is worth more in those locations, like NJ refineries. It also cost significantly more to move it this way. It is not a real apples-to-apples comparison.


16 posted on 01/16/2014 6:25:55 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

but the oil isn’t sprouting from the ground at the site of the terminal, they are still going to have to move it from point A to point B in Canada. Should increase traffic and generate more income for the company.


17 posted on 01/16/2014 6:32:02 AM PST by 12th_Monkey (In an alternate universe Obama still dips ice cream)
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To: thackney

Rail.; To where?

*******

I was assuming Cushing OK based upon the quotes in the article.

....
The chief executive of TransCanada said Wednesday if the Obama administration doesn’t
approve the controversial Keystone XL pipeline his company will look to the more
dangerous alternative of building build rail terminals in Alberta and Oklahoma.
....
.....
Girling said they’ll consider building a rail terminal in Hardisty, Alberta where
the pipeline would have started. He said he will also consider building an
import terminal in Cushing, Oklahoma, site of the biggest U.S. oil storage hub.


18 posted on 01/16/2014 6:47:57 AM PST by deport
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To: 12th_Monkey

From the article:

Girling said they’ll consider building a rail terminal in Hardisty, Alberta where the pipeline would have started. He said he will also consider building an import terminal in Cushing, Oklahoma, site of the biggest U.S. oil storage hub.

Looks like no additional line for this proposal.


19 posted on 01/16/2014 6:48:27 AM PST by thackney (life is fragile, handle with prayer)
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To: deport

I don’t know the rail miles to that location. I suspect that point won’t take in the full volume of the proposed Keystone XL pipeline.


20 posted on 01/16/2014 6:51:21 AM PST by thackney (life is fragile, handle with prayer)
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To: deport

From an oil company perspective, I think the only numbers that really matter is:

The pipeline transportation of crude oil is inherently more cost effective than its movement by rail. Shipping the bitumen to the Gulf Coast by pipeline, the State Department estimates, costs about $10 per barrel, while shipping by rail costs about $30 per barrel.

http://www.progressiverailroading.com/bnsf_railway/article/Keystone-Pipeline-is-not-key-to-importing-Alberta-crude-oil-8212-by-Fritz-Kahn-Guest-Comment—37155

And that is from a pro-rail, anti-pipeline article.


21 posted on 01/16/2014 6:55:33 AM PST by thackney (life is fragile, handle with prayer)
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To: hawkaw
Yes, seriously. How do you want to measure it? You set the metrics.

Remember, this is 2014, not 1994 and everything is relative. Canada has enjoyed a capitalist conservative government led by a conservative economist since 2008. The US has suffered under an oppressive socialist regime led by a marxist community organizer since 2008. Do you understand the changes that have taken place in our countries in that time? Do the math, and some research before you get back to me.

22 posted on 01/16/2014 7:18:35 AM PST by Former Proud Canadian (Cruz/Palin 2016)
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To: Sacajaweau

My prediction: Obama will save the world by approving Keystone.>>>>>>>>>>>>>

Obama dances to the tune of the King of Saud. He will never approve Keystone.

Rememeber how Obama bowed and kissed the ring of The Saudi King? Thats it, pure and simple.

Obama is a liberal fascist, and he doesn’t give a rat’s ass about the US economy or energy independence, which is why the Energy Bill from the US House of Congress has been tabled by Harry Reid in the Senate, tabled into perpetuity and non existence.

Obama the Fascist.

Read about it here:

http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html


23 posted on 01/16/2014 10:14:15 AM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Candor7

warren buffet’s company own rail carriers.

obama is warren buffet’s crony

obama will protect rail carriers

(see equalization of opportunity act)


24 posted on 01/16/2014 10:17:28 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Former Proud Canadian

I don’t need too.

The conservatives, federally, have governed more from the centre than the right.

There are still provincial income taxes unlike states like Texas.

It depends on the province more than the federal government with respect to determining whether the people or govervnment policies are right or left on things in Canada. For example, the greater Toronto area is still very liberal, Quebec is socialist.

Finally we still have a government run health care insurance system unlike the USA.


25 posted on 01/16/2014 10:46:54 AM PST by hawkaw
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To: longtermmemmory

Buffet is much lower on Prince Obama’s pecking order than the King of Saud. Do the math.


26 posted on 01/16/2014 11:08:21 AM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: hawkaw
Ok, not going to argue with a countryman. Harper is the best we've had in a long time.

As for health care, I don't know if you have been reading the papers but the US is careening towards Stalinist health care. If Obama gets his way they will be begging for anything close to Canadian health care.

27 posted on 01/16/2014 11:36:08 AM PST by Former Proud Canadian (Cruz/Palin 2016)
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To: Former Proud Canadian

Yes, he has been the best in a long time. I was less than impressed with the bailout of GM and the major amount of money they through into infrastructure projects. But, we should be deficit free at the federal level in a year or so and taxes have remained reasonable including a lowering of the goods and services tax. I thoroughly worry our PM is about to be kicked out of office if the senate scandal shows he violated the law. The RCMP is doing a very serious investigation on this issue.

Yes, I have been carefully following the insanity in the US wrt to the health care. I am very worried for many of you in the US as to how this tremendous change is taking place. The huge costs to people is crazy. It should never have been passed in the first place without careful consideration of all of the issues.

Have a great day.


28 posted on 01/16/2014 12:20:35 PM PST by hawkaw
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To: Old Retired Army Guy
" The biggest threat to the economy and security of the Unites States is the environmental lobby. "

And ? those sheeple and liberals who vote those politicians who are in co hoots with the environment lobby.
29 posted on 01/16/2014 7:53:55 PM PST by American Constitutionalist
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To: thackney

Or Thackney ? propose to the environmentalist that we could ship huge amounts of petroleum by rivers on huge barges at a more environmental risk vs pipeline.... that outta wake them up.


30 posted on 01/16/2014 7:56:25 PM PST by American Constitutionalist
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To: Former Proud Canadian

It has been reported that Prince Alwaleed bin Talal of Saudi Arabia was approached by Bill Ayers to assist in raising funds for Obama’s Harvard education. It is on record that the Prince was responsible for a a $25.0 million donation to Harvard. The Saudi’s are terrified at the thought of North American oil security and what that would do to their cash flow. Two +Two = Four


31 posted on 01/16/2014 10:45:20 PM PST by albertabound
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To: hawkaw

You aree a knowledgeable freeper...seriously you get the award for ugly American of the week. One stat for you... National debt per capita U.S.A. = $58,000.00...Canada = $18,000.00.


32 posted on 01/16/2014 10:51:36 PM PST by albertabound
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To: albertabound

sorry to my American friends, no insult intended,,the guy is a canucklehead..ugly hoser of the week...


33 posted on 01/16/2014 10:56:41 PM PST by albertabound
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