Skip to comments.OUT WITH KEYSTONE XL, IN WITH ENBRIDGE NORTHERN GATEWAY
Posted on 06/28/2014 11:45:02 PM PDT by Vince Ferrer
Claiming it could no longer abide the Obama administration's five-year refusal to approve construction of the Keystone XL pipeline designed to bring 830,000 barrels a day of much-needed Alberta shale oil to U.S. refineries, the Canadian government recently approved plans for a huge new pipeline and port project to ship that oil to Asia instead.
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Well, Duh-1 ran out the clock. IMHO, the Canadians have waited well beyond what was reasonable, thanks to the ass in the white hut.
And don’t forget the GOP’e, they have the power of the purse. this is the NWO. Us v them. I hope McDaniels wins and sets this purposeful destruction of the Constitution back a few more years. Otherwise get out of the stock market now our lose all!
Just serving his Saudi masters again.
In addition, win, lose, or draw, he has exposed those power hungry b@stards for the sort who are just as driven by the "the ends justify the means" morality as the most Liberal Democrat.
For all the yapping about "truth to power" we heard in the Bush days, now the media are telling McDaniels to "just lie back and enjoy it"--from both sides--which smokes some of the so-called "conservative" pundits out, too.
McDaniels is peeling back the rock that was the GOP and we are seeing what is crawling underneath, trying to scuttle out of the sunlight.
As for the stock market, most of what has gone on there is a balloon inflated by quantitative easing, held by investment banks, and when that pops the average person will be lucky to get out with their shirt.
I have only small positions in a few resource based stocks, (less than five figures), a hit I can afford if it evaporates, but because they are either producers of PMs or Rare earths, for the most part, I doubt they'll disappear. For now, I'm staying out of the stock market, for the most part.
Of course, anything to deny pipeline space to crude from the Bakken/Three Forks as well, even though much of that moves by rail.
Of course, Obama will now hastily approve it even though it’s basically pointless now. Because it’s pointless now, more like. And of course, he and his supporters will then use it as an example that oil companies lie, etc., etc., since it was approved in a ‘timely fashion, with due consideration’ and yet it was never built.
I'm surprised this has not already implemented as Fed involvement in permitting is limited largely to river crossings, which is an engineering technology related permit by the Corps of Engineers. Note the rapid implementation of the southern leg of the XL from Cushing to the Gulf Coast. Canada's decision to pull the trigger on their west coast pipeline will take political gamesmanship off the table on delaying the Northern leg of the XL implemented with respect to Bakken connection.
NAFTA requires Canada to send 2/3 of its oil to the US, so a pipeline to their West Coast to ship to Asia will reap limited reward
And, you can bet there are folks ready to take Canada to NAFTA Court if they do not honor NAFTA US quota. Those groups who sue cities for “Buy American” ordinances will be suing Canada over oil
Canada is quite upset over Keystone, and rightfully should be
Nafta requires Canada to export a fixed proportion of it’s production to the U.S.. End of Story. The number is about 60%
Looks like Canada may be screwed unless they can produce lots of crude really quick.
So they can ship their oil to Texas just like the Saudis do.
Thanks for clarifying....I thought the Canada NAFTA quota was 2/3. 60% still quite substantial.
And I thought NAFTA was for Free Trade....so much for that
Regardless, Canada is getting ripped off. They should sue in NAFTA court
I'm not trying to justify the delay in the pipeline because I'm not; it's ridiculous. But the oil flowing through the Keystone was never meant for the U.S. market. It was already planned for export.
There are a few hoops to jump through before they get the pipeline to Kitimat.
It will take a lot of grease to local tribes and an enormous construction budget...
We now what motivates this administration!
We know what motivates this administration!
Gotcha wonder if the deal is written in stone at this point?
If it’s bad polling for zero you can bet he will try stalling tactics again.
There is probably room for both a western and southern pipeline coming out of the tar sands. A very importaint connection would be oil flowing from North Dakota getting a cheaper ride south to Texas refineries.