Posted on 07/03/2011 4:32:52 PM PDT by safetysign
The Obama administration is foot-dragging on approving a pipeline to deliver abundant Canadian oil to the United States at the same time the Chinese are investing in a pipeline that could send that oil to China.
The House Energy and Commerce Committee last week passed a bill requiring President Barack Obama to speed up a decision on approving the pipeline. The bill was introduced by Nebraska Republican Rep. Lee Terry, who maintains that the Obama administration has been too slow in making a final decision, the Montreal Gazette reports.
The Canadian province of Alberta has the world’s third-largest oil reserves after Saudi Arabia and Venezuela, and more than Russia or Iran. Daily production from oil sands is expected to rise from 1.5 million barrels today to 3.7 million in 2025.
(Excerpt) Read more at newsmax.com ...
Well he certainly isn’t going to help America. The bastard. FUBO.
Don’t worry about Canadian oil, Obama has a plan to get it from our close friends in South America! We are eager customers remember? s/
OH...DON’T WORRY...
HE CAN JUST REALSE MORE OF OUR STRATEGIC OIL RESERVES...
( that will last us at least 6 more hours.)
Obama doesn’t want oil, and I have always suspected OPEC funnels money to democrats and environmental groups.
Oil is fungible. Let the Chinese and Canadians do what they think is best. Let us do what we think is best. As long as oil is being pumped, the market will make it available to any buyer. Arab OPEC had to impose two failed oil embargoes on the US to learn this lesson of basic rational economics (not Keynesian).
Anyone who attempts to boycott oil from Hugo Chavez will also learn this lesson.
Where is our Man Bonehead on this?? Weeping? Enough ,just stop listening to the filthy Rats and do what is best for the country.
China will put it in tankers and send it to the US West Coast at a big markup for US stupidity.
He didn’t lose it. He never wanted it.
No, Obama's lack of leadership capability is making US lose Canada's oil to China.
Defund the WH...
“Oil is fungible. Let the Chinese and Canadians do what they think is best. Let us do what we think is best. As long as oil is being pumped, the market will make it available to any buyer.”
Good to see someone on this thread who could pass a high school economics class.
He's a true believer. He'd work for free, especially with those book royalties still coming in.
Obama thinks that screwing Canada is what he should do.
The vast majority of Americans think that Canada is our friend and we should do business with them.
Unfortunately, a majority of Americans voted for Obama even though they were told again and again that he was a Muslim fascist.
High paying oil industry jobs are not fungible. Not with 9 percent going on twenty percent unemployment rates in the U.S.
Neil Bush is working for China on this project.
http://andrews-technologies.com/_en/events_detail.asp?id=29
China drill oil in Iraq
http://www.nytimes.com/2011/06/29/world/asia/29chinairaq.html?_r=1&ref=world
http://andrews-technologies.com/_en/events_detail.asp?id=29
obama, please resign, save some face, because he is the most incompetent president we have ever had since this nations founding.
Yep - made a special deal with Chavez....oh, wait...
Yeah! But how many more of those "classics" can the unions, the Chi-Coms, the U.S. Communist party (which includes the demoncrats), the government school libraries, the moslem brotherhood, CAIR, and Iran afford to buy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.