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Gas Prices and the Keystone Pipeline
ABC News ^ | February 21, 2012 | by Jake Tapper

Posted on 02/21/2012 2:29:30 PM PST by Oldeconomybuyer

TAPPER: How can you say you have an all-of-the-above approach if the president turned down the Keystone pipeline? And you blame the Republicans for making a political –

CARNEY: But the president didn’t turn down the Keystone pipeline. There was a process in place, with long precedent, run out of the State Department because of the issue of a pipeline crossing an international boundary, that required an amount of time for proper review after an alternate route was deemed necessary through Nebraska at the request of the Republican governor of Nebraska and other stakeholders in Nebraska and the region that needed to take it’s — that needed to play out, to be done appropriately. You can’t review and approve a pipeline the route for which doesn’t even exist.

The Republicans were the ones, unfortunately, who decided — because they were looking for scalps, I guess, or looking for wins in a situation where somehow they found themselves on the wrong side of cutting taxes for 160 million Americans last December — they decided to play politics with this decision and attach it to the payroll tax cut extension.

TAPPER: I don’t want to relitigate the whole thing, but Republicans say that the president was playing politics first by delaying a decision until after the election.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: election2012; keystone; obamanomics; socialism

1 posted on 02/21/2012 2:29:39 PM PST by Oldeconomybuyer
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To: Oldeconomybuyer
I wish Jake Tapper would kick the hell out of fellow ABC employee Ann Compton. That hack is an embarrassment to the journalistic community.

And thats a real hard thing to be.

2 posted on 02/21/2012 2:32:27 PM PST by skeeter
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To: Oldeconomybuyer

Isn’t it about time for the Democrats to drag out the old it-will-take-ten-years-to-get-any-oil-from-it shibboleth?


3 posted on 02/21/2012 2:33:13 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: skeeter

“Breathless Ann”

I want somebody to ask the wealthy old hag why she doesn’t retire and let them hire a couple of 99 percenters with $100 grand in student debt from Columbia journo school.

Same thing with 75 yr old Bob Schieffer on SeeBS.


4 posted on 02/21/2012 2:37:06 PM PST by nascarnation (DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
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To: Oldeconomybuyer

Pettifoggery.

This is just a cover for trying to kill something by procrastination. You would not tolerate this sort of rationalization from your kid for ten seconds when the school bus is out there waiting.


5 posted on 02/21/2012 2:37:40 PM PST by alloysteel (Are Democrats truly "better angels"? They are lousy stewards for America.)
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To: Oldeconomybuyer

I like this. It shows they are trying to run away from this.


6 posted on 02/21/2012 2:42:02 PM PST by Sans-Culotte ( Pray for Obama- Psalm 109:8)
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To: Oldeconomybuyer

2+2=4.

Give Newt the nomination and he will grab Hussein by his muzzie neck and never stop squeezing.


7 posted on 02/21/2012 2:42:55 PM PST by Jacquerie (No court will save us from ourselves.)
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How About That! FR Is 2.2K Away From Raising Half The Server Funds!


Click The Pic To Donate

8 posted on 02/21/2012 2:45:26 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: Oldeconomybuyer

I’m still not sure that the Keystone XL pipeline would have done anything but raise fuel prices in the PADD II market by alleviating the glut of Canadian crude oil available there for refining. The stated purpose of this pipeline is to move Canadian oil to the Gulf for Export to Europe. If someone has links that refute this, please post them, I’d love to read them.


9 posted on 02/21/2012 2:46:07 PM PST by rednesss (fascism is the union,marriage,merger or fusion of corporate economic power with governmental power)
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To: Oldeconomybuyer

Memo to Jake Tapper: Don’t go for any late night walks in Fort Marcy Park


10 posted on 02/21/2012 2:53:16 PM PST by Buckeye McFrog
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To: Oldeconomybuyer
Nebraska governor signs bills to reroute Keystone pipeline

The pipeline would deliver 700,000 barrels a day of crude from Alberta's oil sands to Texas refineries. But environmentalists strongly oppose the project, because of concerns about spills and carbon emissions from production of oil sands crude

11 posted on 02/21/2012 2:55:06 PM PST by TexasCajun
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To: rednesss; thackney
I’m still not sure that the Keystone XL pipeline would have done anything but raise fuel prices in the PADD II market by alleviating the glut of Canadian crude oil available there for refining. The stated purpose of this pipeline is to move Canadian oil to the Gulf for Export to Europe. If someone has links that refute this, please post them, I’d love to read them.

thackney may have an opinion.

12 posted on 02/21/2012 2:55:07 PM PST by houeto (Mitt Romney - A Whiter Shade of FAIL)
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To: rednesss

I would say it is very short-sighted to judge something like a crude oil pipeline based on immediate market conditions. Bottom line, the Canadians are going to find a way to sell their oil. They are not going to just sit on it so drivers in the upper midwest get a bit of price relief. It’s far better for the US for that oil to go to US refiners than to the Chinese. Sure the US Gulf Coast exports refined products to Europe but it also feeds a vast network of product pipelines in the US. The fuel will go where it is most needed, which might be the UK one day but Arkansas the next.


13 posted on 02/21/2012 2:56:34 PM PST by oilwatcher
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To: Oldeconomybuyer
Every time the “minister of Propaganda” opens his mouth I have a tough time keeping from gaging. The little SOB sounds more like Herr Goebbels every day.
14 posted on 02/21/2012 2:59:31 PM PST by mongo141 (Revolution ver 2.0, just a matter of when, not a matter of if!)
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To: rednesss
Actually IIRC the oil coming from Canada is not particularly easy to refine. The reason to ship it to Texas is two fold IMO.

The first is many if the refineries in Texas handle the,.... less than sweet light crude than comes from Venezuela so they can more easily accommodate the oil from the tar sands.
The second is that oil refined in Texas is shipped to most of the country through existing pipelines, MANY existing pipelines, they have already been built.

I would have no doubt some of this may be exported, but I think the majority would be used here.

Finally, I think the pipeline from the Dakotas on ought to be built since quite a bit of oil is being produced there and since no international boundary is involved the State Department should have no role to play. You can always add on the bit to Canada later if say administrations change.

15 posted on 02/21/2012 3:12:10 PM PST by thinkthenpost
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To: Oldeconomybuyer

Keep a watch on this, too, as fracking ‘rules’ are coming out. This is gonna be an 0bot Eviroreligionist two-fer.

http://fuelfix.com/blog/2012/02/14/salazar-says-fracking-rules-coming-in-a-few-weeks/

Economic development. Who knew that 0bama’s quest to redistribute wealth was actually the plan to give (the rest of) America’s wealth and know-how away?


16 posted on 02/21/2012 3:16:52 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: Oldeconomybuyer
This is proof that Obama’s internal poll numbers are in the tank and he's trying to distort his record and blame Republicans.
17 posted on 02/21/2012 3:21:06 PM PST by tobyhill
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To: Oldeconomybuyer

He should have just answered, “Forget it Jake. It’s Chinatown”


18 posted on 02/21/2012 3:52:23 PM PST by glorgau
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To: Sans-Culotte

Obama bought the high cost of gas.It is his and his alone.


19 posted on 02/21/2012 4:07:50 PM PST by Big Horn (Rebuild the GOP to a conservative party)
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To: Oldeconomybuyer
Don't mess with Texas: U.S. court blocks Keystone XL a speed bump I'm sure but interesting. An Alamo-style battle brewing in Northeast Texas over Keystone Pipeline local point of view
20 posted on 02/21/2012 4:28:23 PM PST by epithermal
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To: Oldeconomybuyer
Go on, speak your mind...
I mean, he takes an all or — all-of-the-above approach.
actually...he takes an all or^nothing approach?

Slime balls! As if everybody didn't know that already.

"Carney Barker" says more in what he doesn't finish than in what he actually says.

21 posted on 02/21/2012 6:19:39 PM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: epithermal
The Crawford family contends TransCanada has failed to provide a required "material safety data sheet" detailing the nature of the product that will be shipped through Keystone XL.

You can get an MSDS for oil from numerous places on the Net!

@msds oil

Did somebody "get paid" to make a stink?

22 posted on 02/21/2012 6:35:01 PM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: rednesss
The stated purpose of this pipeline is to move Canadian oil to the Gulf for Export to Europe.

So what addition refining do you think we will bring on to increase our refining output to create additional gasoline and diesel for export.

I see the Keystone XL as feeding our existing refineries feeding products to our consumption. It will only replace oil brought in from overseas

We currently produce slightly more refined product than we use, leaving a bit for export. But that can be directly associated with our demand. Eventually that demand is going to increase when we get our economy out of the toliet.

You can try to blame the Keystone XL expansion for the eventual equalization of prices between light sweet in Cushing/ Midwest deliveries and the same quality oil on the coast. But regardless of what happens with that pipeline, other transportation projects are going to equalize that difference. The producers investing money in Central and Plains states are not going to continue to accept a lower price for their product. Already other projects are started to reduce this glut and bring that oil to higher demanding market. For example, the Seaway pipeline from Cushing to Gulf Coast is in the process of being reversed to flow oil south instead of north. Other projects will continue to do the same, including rail already. That price gas has been closing for a while already.

23 posted on 02/21/2012 6:35:15 PM PST by thackney (life is fragile, handle with prayer)
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To: epithermal
@Which Chemicals Will Be in the Keystone XL Pipeline? September 29, 2010
The Material Safety Data Sheets (MSDS) provided in the Keystone I Emergency Response Plan identify a variety of substances that may be used as diluents, including synthetic crude oil, natural gas condensates, naphtha, petroleum distillates, clarified oils, various and “residues.”

I call BS on this one!

24 posted on 02/21/2012 6:38:46 PM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: epithermal
Rita Beving, the organizer of the protest and the efforts to help Crawford and other landowners along the proposed route of the pipeline, said, “Their arrogance has energized not only the room, but the nation.
How nice of Rita to take such an interest.

@Texans Weigh In as EPA Considers New Air Pollution Regs for Oil and Gas Industry
"A lot of people agree that natural gas is a clean bridge fuel," said Dallas resident Rita Beving, an environmental consultant for Public Citizen, in comments to the panel.

A picture is slowly emerging...

25 posted on 02/21/2012 6:43:27 PM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: epithermal
One more for caring, "consulting" (meaning "getting paid") Rita...

@Keystone Pipeline Finds New Opponents Feb. 15, 2012
“Crippling someone’s water supply knows no party line,” said Rita Beving, consultant to the bipartisan East Texas Sub-Regional Planning Commission.

26 posted on 02/21/2012 6:47:41 PM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: philman_36

This says it all “Rita Beving of the Dallas Sierra Club”, an envirowacko. Anyone that lies down with her is going to get up with fleas.


27 posted on 02/22/2012 5:01:21 AM PST by epithermal
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