Does Obama want this oil to go to China instead of the US? I believe he does. Isn't he doing everything possible to delay the Keystone?
In passing, isn't it interesting that the Keystone will also transport oil from the Bakken fields? It seems that Obama is not crazy about bringing domestic production to market either.
There are 3 trillion barrels of oil in the Alberta oil sands. There are 250 billion barrels of oil in Saudi Arabia. I used to wonder why the Bank of Canada didn't hold more gold. When you have 12 times the oil reserves of Saudi Arabia, I guess you don't need gold.
There are 3 trillion barrels of oil in the Alberta oil sands. There are 250 billion barrels of oil in Saudi Arabia. I used to wonder why the Bank of Canada didn’t hold more gold. When you have 12 times the oil reserves of Saudi Arabia, I guess you don’t need gold. >>>>>>>>>>>>>>
Thats exactly it. Canada also has massive natural resources of precious metals as well.The problem is that we have too long relied on the US market to valuate Canada’s oil reserves, essentially a single source evaluation. Asia stands ready to establish a market for Canada’s oil. All we have to do is get it to both the West and Easts coasts. The smart money says screw the environmentalists who are the wild card in US politics, they are here to stay.These environmentalists seek to control energy production far beyond their own borders based on proposed carbon foot priont parameters.( Mine is less dirty than yours.)
So Eff the environmentalists. Canada should build its West coast pipeline without delay. Obama will never approve of Keystone.If he does, it will only be for the purpose of sabotaging it to create a massive oil spill, as was done with the BP rig in the Gulf of Mexico.