Morning Bell: Obama Administration Buries Good News on Keystone Pipeline

[CG6468]

Morning Bell: Obama Administration Buries Good News on Keystone Pipeline


Amy Payne

March 4, 2013 at 6:52 am

In Washington, a presidential Administration releases news it doesn’t like at 5 p.m. on Fridays. So it pays to pay attention when everyone is leaving work for the weekend.
 
Late last Friday, the State Department released a positive environmental review of the Keystone XL pipeline. President Obama has been delaying this pipeline—which would carry oil from Canada to refineries in Texas—for more than three years.
 
The delay has meant that America is still waiting on an additional 700,000 to 830,000 barrels of oil per day from a close ally, not to mention 179,000 American jobs.
 
Why has this taken so long, when all environmental reports thus far have been positive? Heritage’s Nicolas Loris, the Herbert and Joyce Morgan Fellow, explains:
 
Given the need for jobs and more oil on the global market to offset high prices, the permit application had been moving along positively with bipartisan support without much attention until environmental activists made blocking the Keystone XL pipeline their issue to rally around for 2011. Although President Obama and the Department of State (DOS) said they’d make a decision at the end of 2011, they ultimately catered to a narrow set of special interests, punting the decision until after the 2012 elections.

Standard operating procedure

[Eupher]

The Wall St. Journal's lead op-ed today talked about this, stating that Barry and his butt-buddies have run out of excuses.

The government has initiated and completed FOUR studies in four years on this pipeline, evaluating everything from the impact to the Sand Hills in Nebraska to the risk of spills (there is a bigger risk of spills with tankers than with this pipeline, due to the controls built into the system).

Bottom line is, Barry and his butt-buddies had gotten lots of pressure from the Sierra Club and the rest of the Green Booger-Eaters because of the amount of money they'd pumped into his campaign. They want to kill this project, even though study after study after study after study concludes there is NO fundamental risk to the environment to put this pipeline in.

Since Barry does a fabulous job in telling his supporters to go **** themselves, why not this time?

Answer - because with Barry, it's all about CONTROL.

[CG6468]

I'll tell the Nazi wannabes one thing----------------

They would not like ME for president! 

[JohnnyReb]

When things were good, we used 21 million barrels of oil a day and got 9.8 million barrels of it from Canada.

A couple of weeks ago, the TV News said we would soon become the largest oil producing country in the world. The DUmbass Obama voters I encounter were gleefully thinking that meant almost free gas and Obama should get the credit for it. They fail to realize we are also the largest oil consuming country in the world. .....and no, I didn't try to school them on that. It would have been a waste.

[CG6468]

When things were good, we used 21 million barrels of oil a day and got 9.8 million barrels of it from Canada.

A couple of weeks ago, the TV News said we would soon become the largest oil producing country in the world. The DUmbass Obama voters I encounter were gleefully thinking that meant almost free gas and Obama should get the credit for it. They fail to realize we are also the largest oil consuming country in the world. .....and no, I didn't try to school them on that. It would have been a waste.

Make a bet with those dwerbs. Bet them that the price per gallon goes up.   

[NHSparky]

When things were good, we used 21 million barrels of oil a day and got 9.8 million barrels of it from Canada.

A couple of weeks ago, the TV News said we would soon become the largest oil producing country in the world. The DUmbass Obama voters I encounter were gleefully thinking that meant almost free gas and Obama should get the credit for it. They fail to realize we are also the largest oil consuming country in the world. .....and no, I didn't try to school them on that. It would have been a waste.

We had a town hall meeting at work a couple of weeks ago, where the CEO of our rather large company stated by 2025 we'd be an oil EXPORTING nation.

Not at the rate we're going, and if you look at the assumptions, they're what would be called, "overly optimistic."

[thundley4]

We had a town hall meeting at work a couple of weeks ago, where the CEO of our rather large company stated by 2025 we'd be an oil EXPORTING nation.

Not at the rate we're going, and if you look at the assumptions, they're what would be called, "overly optimistic."

We might be exporting oil by then if we elect a conservative president and both houses of congress go conservative. 

[NHSparky]

We might be exporting oil by then if we elect a conservative president and both houses of congress go conservative. 

Doubtful.  One of the "assumptions" was that vehicles by 2025 met Obama's CAFE standards.

Of 54.5 mph for ALL cars.  Yeah.  NOT.

[Dori]

Not sure if this is good news.  Looks like Obama may have sold it to China, including oil rights in the gulf and given his political donors a windfall.....

.

CNOOC’s July 2012 acquisition of Nexen drilling interests in northern Canada (which includes 1.6 billion barrels in Keystone XL oil reserves) and in the Gulf of Mexico (which includes 100 exploration projects and access to 116 million barrels in reserves) allowed the Chinese government a partial takeover of a vital strategic asset: accessible crude oil in the Western Hemisphere.
 
The acquisition is the largest Chinese takeover of a foreign company in history

http://judicialwatch.org/press-room/press-releases/sued-obama-treasury-dept-regarding-possible-drilling-rights-collusion/

[17 Oaks]

Doubtful.  One of the "assumptions" was that vehicles by 2025 met Obama's CAFE standards.

Of 54.5 mph for ALL cars.  Yeah.  NOT.

Sounds like the CEO is a shill for Obama.

FACT the US is a net exporter of Petro Products.  We have are a net importer of crude which we refine and ship world wide.

CAFE standards, not really we are moving towards LPG which has been in use for over 40+++ years.  We have MASSIVE supplies of NG, but Enviro-Nazis and the Idiot Obama who thinks we can fuel using CORN is trying to stop it...it might be noted that if every sq inch of land in the US is planted in corn we still could not meet the ethanol requirements for fuel.

The Eagle Ford Play here in S Texas is expected to produce for the next 30 years, there is another discovery which is still being researched that:  "this is Eagle Ford on STEROIDS" (from a CLOSE friend who is in the oil business BIG TIME globally...3rd generation.  I am being told Texas has a 100 year supply of Petro based upon what we know today.  In fact the orginial "Spindle Top" which was called DEAD many years ago and now being drilled and is becoming a major producer.

Few folks know this but in the old days only about 1/3 of the oil could be pumped from a field, this has grown over the years due to new technology, but even today that are not pulling much more than 2/3 of the oil there if that much.

[Lacarnut]

.

Few folks know this but in the old days only about 1/3 of the oil could be pumped from a field, this has grown over the years due to new technology, but even today that are not pulling much more than 2/3 of the oil there if that much.

Denbury has been pumping CO2 into these old wells in MS, LA, TX and recovering massive amounts of oil. I think this is being done in other parts of the country also.  We have plenty of energy if the Env. nuts would quit trying to block every project. Natural gas could replace green energy like wind, solar and ethanol. That will not happen because of politics, lobbyists, farm interests and big money. 

[17 Oaks]

Denbury has been pumping CO2 into these old wells in MS, LA, TX and recovering massive amounts of oil. I think this is being done in other parts of the country also.  We have plenty of energy if the Env. nuts would quit trying to block every project. Natural gas could replace green energy like wind, solar and ethanol. That will not happen because of politics, lobbyists, farm interests and big money. 

You are right on, there is no shortage of Petro globally.

I just got a piece of news...POSSIBLY Mexico will open up exploration to outside companies.  If they do, this could alter the world so much you could not beleive.

1)  Mex has not allowed outside interests to explore

2)  Mex is STUPID, they have sucked up 100% of all profits from PEMEX for over 75 years

3)  PEMEX has sucked just about all the oil Mex has to give at depths of less than 7500 ft drillable/recoverable, they LACK the tech or skills to drill below that.

4)  Do you think the OIL fields stop at the Rio Grande.  I know several old time multi generational oil families that believe Mexico has the largest oil deposits in the world, if they are right, this could make Mex bigger than Saudi was, is or will ever be.  It could push gas to $1.50 a gal if the pipes are opened and the Enviro-wacko's-nazis get out of the way...

[NHSparky]

Sounds like the CEO is a shill for Obama.

I'm not sure about him, but before we split off from FPL, Lew Hay was on Preezy O'Choom's Council of Economic Advisors.

So I can't imagine it'd be too terribly difficult.