Keyword: keystonepipeline
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He owes it all to the Keystone Kops of the leisure class. For the past decade the Democrats have managed to defy gravity by bolting together an unlikely coalition of the richest and poorest Americans. It’s no secret. Ever since President Bush’s re-election in 2004, the pattern has been clear. People making above $100,000 and below $40,000 vote Democratic. The people in the middle vote Republican. But now that top-bottom coalition is about to come apart, or lose its majority status at least. And the issue will be one that may loom larger than the debacle of Obamacare — the...
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On May 12, the United States Senate fell 5 votes short of the 60 required to invoke cloture. (Cloture is a way to close debate and cause an immediate vote on a bill.) The measure in question was the first energy bill to have hit that chamber since 2007. It was killed by the Keystone XL Pipeline project which would funnel Canadian crude oil from Alberta down to Texas refineries..... The stakes were especially high for about a half-dozen Democrats who do not tow the anti-Keystone line of fellow Democratic Senators. The dissidents come from states that are dependent on...
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After successfully bringing more than 30% of the U.S. economy — the health care and financial services industries — under political control during his first term, President Obama made it clear last week that a priority of his second term is to go after the energy sector — another 10.5%. The purpose of the White House's orchestrated release of the National Climate Assessment on May 7 was to set the stage to drive energy markets and fossil fuels under the heel of more government regulation. Most Americans would celebrate knowing that the U.S. is on the cusp of oil and...
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Senate Democrats are refusing to let supporters of the Keystone XL oil pipeline to use an energy efficiency bill as a vehicle to attempt winning congressional approval for the controversial project. Majority Leader Harry Reid used a parliamentary move Wednesday to block a Republican amendment on the pipeline as well as a measure to prevent the Environmental Protection Agency from imposing new greenhouse gas regulations on coal-burning power plants.
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Canadian oil prices are now just $18 below the price of U.S. crude thanks to a series of new U.S. pipelines, The Wall Street Journal reported this morning. This means the Keystone XL Pipeline is already obsolete. "Higher oil prices in Canada ... are a sign that oil-sands crude is finding its way to the U.S. even without the approval of the controversial Keystone XL pipeline," Journal reporters Nicole Friedman and Chester Dawson said. "The resurgence in Canadian oil prices and energy stocks is further confirmation that the transportation problems that have prevented both Canada and the U.S. from enjoying...
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Majority Leader Harry Reid compared his Republican colleagues to “greased pigs” on Tuesday as the Senate erupted in frustration over lack of progress on an energy bill and the Keystone XL pipeline. “For all those who don’t know what a greased pig contest is, here’s what it is: The organizers get a little pig, piglet, and they cover this little animal with tons of grease. It’s a greasy little pig,” Reid said. “The reason I mention this: Oftentimes working with my Senate Republican colleagues reminds me of chasing one of these little pigs in a greased pig contest. Regardless of...
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Washington (CNN) -- Flooded rail lines. Bigger, more frequent droughts. A rash of wildfires. Those are some of the alarming predictions in a White House climate change report released Tuesday, part of President Barack Obama's broader second-term effort to help the nation prepare for the effects of higher temperatures, rising sea levels and more erratic weather. "Climate change, once considered an issue for a distant future, has moved firmly into the present," the National Climate Assessment says, adding that the evidence of man-made climate change "continues to strengthen" and that "impacts are increasing across the country." "Americans are noticing changes...
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Mark Udall, D-Colo., is facing calls on both sides to clarify his position on the Keystone XL pipeline. The Keystone XL pipeline wouldn't run through Colorado, but it's about to take center stage in the state's politics. The Senate is near certain to vote this week on legislation that would approve the oil-sands pipeline, and that's leaving Sen. Mark Udall—a Democrat facing a tough reelection challenge—with an unenviable choice to make. If Udall votes yes, he'll anger a liberal base that has put blocking the pipeline at the head of its environmental charge. But if he votes no, his opponent...
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Don't trouble yourself trying to figure out whether President Obama is more political than ideological. He's an expert at straddling both and getting his way without compromise. Analysts have long debated whether partisan Obama would prevail over ideological Obama in his decision to approve or reject the Keystone XL pipeline, but in the end, it may be a false choice, as both could win under the overarching dominance of Saul Alinsky-Obama. Keystone XL is intended to carry crude oil from Alberta to refineries in the Gulf of Mexico. Environmentalists have long opposed construction of the pipeline, arguing it would do...
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Only a few weeks after President Obama's controversial decision to delay the building of the Keystone XL pipeline, the Obama administration is expected in the next several weeks to approve a 500-mile green energy transmission line project running through Arizona and New Mexico that his own Defense Department says may pose "an unacceptable risk to national security." The multibillion-dollar electric power line project, financed by a group called SunZia, would connect wind power facilities in eastern New Mexico to the electric grid and supply power to Arizona and California. About 45 miles of the transmission lines would be located in...
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Only a few weeks after President Obama's controversial decision to delay the building of the Keystone XL pipeline, the Obama administration is expected in the next several weeks to approve a 500-mile green energy transmission line project running through Arizona and New Mexico that his own Defense Department says may pose "an unacceptable risk to national security." The multibillion-dollar electric power line project, financed by a group called SunZia, would connect wind power facilities in eastern New Mexico to the electric grid and supply power to Arizona and California.
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The vote to authorize immediate construction of the controversial Keystone XL Pipeline may come to a crucial head next week, as two Senators introduced a bill on Thursday calling for binding legislation.
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Another major derailment of a train carrying oil through a town in the U.S. has caused the evacuation of 300 people, with oil washing into the James River in Virginia, which feeds into the Chesapeake Bay.
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When President Obama holds back approval of the Keystone pipeline, for the umpteenth time, it's bad enough that he's politically pandering to Tom Steyer, the hedge-fund billionaire and manic radical opponent of fossil fuels. If he gives in to Steyer by blocking the pipeline, Steyer gives $100 million to Democratic candidates this fall. Obama's transparent political cynicism is incredible. But it's more than that. It shows his disregard for jobs and economic growth for blue-collar union workers who used to be Democrats. It shows his utter disregard for our loyal Canadian ally up north. And it sends the wrong signal...
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According to experts cited by The New York Times, President Barack Obama's eventual decision on the Keystone XL pipeline -- last week, the administration once again postponed a decision -- "will have a marginal impact on global warming emissions." The global economy releases lots of greenhouse gas -- 32.6 billion metric tons of carbon in 2011. The Keystone XL pipeline would add 18.7 million metric tons. In the global greenhouse gas picture, it won't make a dent. To the working men and women of America, however, the project represents "a lifeline to good jobs and energy security," according to Terry...
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Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate rent-seeker who depends on government connections to produce subsidies and mandates that make his “green” energy investments profitable. He also is, or was until recently, a major investor in Kinder...
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On Good Friday, President Obama made a bad call. The State Department announced that it would delay its decision on the Keystone XL pipeline until after the Nebraska Supreme Court rules in a case involving the route. The administration insists the decision to punt has nothing to do with politics. Pretty much everyone else thinks otherwise. Obama, who is rarely reluctant to act unilaterally when it benefits him politically, and who regularly brags about his red-tape cutting, is paralyzed by perhaps the only big shovel-ready jobs project he's been presented with. He welcomes the Keystone red tape because he's trapped...
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A top labor union blasted the Obama administration on Friday over what it described as a nakedly political decision to once again delay a decision on the construction of the Keystone XL pipeline. Terry O’Sullivan, general president of the Laborers International Union of America (LIUNA), called the move “gutless” and a “low blow to the working men and women of our country. ”LIUNA is also a strong supporter of innovative oil and gas extraction techniques such as hydraulic fracturing and horizontal drilling that are helping to produce record amounts of oil in blue collar areas of the country that have...
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The former hedge fund of one of the Democratic Party’s most important donors was involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.
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The Obama administration on Friday said it was giving eight federal agencies more time to weigh in on the Keystone XL pipeline, a move almost certain to delay a final decision on the controversial project until after the Nov. 4 midterm elections. That timeline spares President Barack Obama from making a politically difficult decision that would either anger environmentalists or jeopardize some Senate Democrats seeking reelection in red states. But Friday’s move alienated stakeholders on all sides of the issue, including oil industry allies who accused the White House of playing politics and environmentalists who want Obama to swiftly reject...
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