Posted on 11/15/2014 4:11:28 PM PST by Olog-hai
Republican oil mogul Harold Hamm says Congress is wasting its time debating the Keystone XL pipeline.
“It’s not relevant at all, in my opinion. And here we are making it relevant now? Forget it,” the billionaire CEO of Oklahoma-based Continental Resources told Politoco in an interview Friday, just before the House passed a bill aimed at approving the pipeline. […]
Hamm said his company, which had planned to use Keystone to ship some of its North Dakota crude, is already using other pipelines for half of its oil. And the percentage is growing.
“We’re supporting other pipelines out there; we’re not waiting on Keystone. Nobody is,” said Hamm, a former energy adviser to Mitt Romney’s 2012 presidential campaign, who made a vast fortune as an early investor in North Dakota’s booming Bakken oil shale region. “That thing … needed action on it six years ago. I just think it’s too late and we need to move on.” …
(Excerpt) Read more at politico.com ...
Always listen to the money — it will find its way.
How much railroad stock does he own? Or is he right?
Yes, into liberal politicians’ pockets.
does he own stock in the Buffett trains?
He’s Romney’s buddy.
Funny how these “other pipelines” are not identified, nor where his oil is going via them.
As for Berkshire-Hathaway rails, they send the oil off US shores to enrich our communist enemies, don’t they?
Mark Levin said the same the other night, but was in favor of it.
He’s right. Once, due to the delay, companies find other ways to move their product, they aren’t going to spend a lot of time and money creating new infrastructure just so they can use a shiny new pipeline.
What same thing? Keystone is irrelevant? but in what context?
Didn’t Canada warn us a couple of years ago the window was closed? zero delayed too long?
bingo
That doesn’t make it irrelevant.
And it begs the question as to why they had to wait on the government in the first place.
Crony capitalists do not have patriotism and can turn on a country they are doing business with.
Please remember with oil under the price of $85 a barrel this anti pipeline BS is normal from US oil types. No US refinery can afford to produce oil and sell it below $85 a barrel. That is the reason for the oil types gripe plus they do not want Canadian oil as that will add to our independence on Mid Eastern oil. The Keystone pipeline is good for jobs and good for us the people- not our oil producers. Keystone will transport Canadian oil in a manner much safer then rail.
That doesn’t make surrender to Obama on this issue a victory for conservatives or for the USA, either way.
Nor will it be any good for Canada, who is instead sending their oil to an enemy country.
Sounds like a crony capitalist outlook. Killing the USA does not matter to them.
Petro Ping
He said that there wasn’t a lot oil, but we had a right to the pipeline.
Oh, I totally agree with you: I just remember the oil patch giving up on it. We didn’t strike while the iron was hot. zero’s insisting on our loss.
I think your number is wrong more like 65 a barrel. Give or take a buck or two.
What is a GOP oil titan? This from the same POLITICO which has been strving desperately to sell the Democratic Party pitch that Herr Grubber was not the architect of Obamacare?
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