Posted on 09/23/2016 7:31:28 AM PDT by rickmichaels
Canada is sending a record amount of oil to the U.S., filling pipelines to capacity and threatening to push more crude into rail cars.
U.S. imports from its northern neighbour jumped 17 per cent to 3.46 million barrels a day last week, the U.S. Energy Information Administration said Wednesday in a preliminary report. That’s the most since the agency began collecting such data in 2010. Exports have surged as Alberta recovers from wildfires that disrupted supplies earlier this year.
Supplies from the oil sands are piling up as producers bring back output and projects that had been delayed by the fires come online. The glut highlights Canada’s dependence on the U.S. market after TransCanada Corp.’s seven-year struggle to get approval for the Keystone XL link to the Gulf of Mexico failed while its proposed Energy East line to the Atlantic Coast faces mounting opposition in Canada. The stress on existing lines means more crude will be hauled by rail at higher costs and the discount on Canadian crude will likely widen.
(Excerpt) Read more at business.financialpost.com ...
Those Ancient Indian Burial Grounds sure do mean a ton when you are paying 6 Bucks for Gas and can't drive to Work! >:(
[its proposed Energy East line to the Atlantic Coast faces mounting opposition in Canada.]
by whacko environmentalists, communists, and Middle Easterners.
Oh Canada!!
Warren Buffet’s and Tom Steyer’s railroads are profiting handsomely.
Correction:
Warren Buffet’s and Tom Steyer’s railroad INVESTMENTS are profiting handsomely.
“Those Ancient Indian Burial Grounds sure do mean a ton when you are paying 6 Bucks for Gas and can’t drive to Work! >:( “
I think the Standing Rock issue is more like the Bundy ranch. Did you know there is a 1980 supreme court decision giving the Lakota jurisdiction over the land that the pipeline is going through? That decision just enforces a pretty unambiguous treaty between the US and the Lakota.
The feds have just ignored that decision and treaty and keep treating the land as theirs the same way they ignored Bundy’s rights and rights of landowners across the US West.
I’m not an Indian and I would love to see a pipeline suck out Warren Buffet’s profits. But the feds are just running over little guys property rights in Standing Rock the same way they ran over the Bundy’s and the Ammons.
So this Tea Partier stands with the Indians at Standing Rock.
Indigenous Groups in the US and Canada are getting together to try to stop all pipelines ,want to bet Soros is involved
So are mine. Who knew something as boring as Union Pacific could be so profitable long term.
Ditto my investments.
If Canada’s pumping that much crude into the US, the Keystone Pipeline, if/when it gets built, probably won’t hurt rail traffic all that much.
It’s nice to know I’m not the only conservative who sees Standing Rock as a feds vs property rights issue.
It’s a good time to cut off all oil imports from the middle east.
I was in Alberta last month and had to wait at a crossing for an oil train. 107 cars full of crude enroute to some where South. Later the same day, another oil train at another crossing: 101 cars heading to the switching yard (at 4 mph). Just two of many.
Pipelines are FAR safer for all involved. It seems like those who oppose pipelines want us all to live in caves without fire.
I am an unconditional supporter of the Keystone pipeline for a plethora of reasons, but this statements is unnecessarily misleading, bordering on criminally counterproductive.
First of all oil is fungible.
Secondly, the oil is pumped not so much to the United States, but through the United States to access the refining facilities along the Gulf.
Bottom line, the more oil and oil products present in close proximity to the United States, the more it benefits the strategic interests of both the national interest/defense, and the American consumer.
I would be embarrassed to push that comparison of apples and brussels sprouts.
If the Treaties between the United States and the Indian "Sovereign Nations" is presumed to establish "independence" of the Indian nations to the extent that the Indians can enter into a treaty with the Taliban or Isil, I will question your sanity.
OK.
Where would that line be crossed?
When the Treaties with the injuns were created, presumably with the "consent" of the Senate, did the 19th Century Senates have the Constitutional power and right to obligate FUTURE US Congresses to fund the Indian Nations forever?
Doesn't that totally invalidate the absolute power over the National Purse properly the sole right of the HOUSE?
These overreaching injuns better be careful what they wish for!
Yes, there is no question that "political correctness" can create some intolerable events to occur, as the result of treasonous interpretation of Treaties.
Like the Peanut Farmer imbecile giving away U.S. Panama Canal territory.
At the mercy of ignorant arrogant, mostly savages, as useless and indolent and subsidized, as the criminal other "BLM (Black Lies Matter) parasites."
For the "Rio Linda" crowd, this does not apply to Native Americans not living on reservations or owning and running billion$ Casinos.
Personally, I believe that the non-native-Americans should no longer fund 1c for the continued existence and operating cost of reservations.
The Native American Gazzilion$ Casino industry should.
“I would be embarrassed to push that comparison of apples and brussels sprouts.”
Not embarassed at all. The indian nations that did not give up their sovereignty in the 1930’s to FDR are prosperous, free, and well integrated with the rest of the country. Did you know the city of Tulsa is entirely sovereign indian nation (four tribes share it)?
The tribes that did “surrender” their sovereignty to FDR actually had white representatives appointed by the federal government to surrender it and reorganized as corporations. Guess who appoints their board? The federal government.
If you believe that the Constitution should rule, then you should have no trouble figuring out why Standing Rock and the Bundy and Ammons situations are very very similar.
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