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How Alberta’s oil patch teamed up with the ‘little guys’ for an end run around Obama
Financial Post ^ | October 7, 2014 | Rebecca Penty, Hugo Miller, Andrew Mayeda and Edward Greenspon

Posted on 10/08/2014 7:13:35 AM PDT by Squawk 8888

So you’re the Canadian oil industry and you do what you think is a great thing by developing a mother lode of heavy crude beneath the forests and muskeg of northern Alberta. The plan is to send it clear to refineries on the U.S. Gulf Coast via a pipeline called Keystone XL. Just a few years back, America desperately wanted that oil.

Then one day the politics get sticky. In Nebraska, farmers don’t want the pipeline running through their fields or over their water source. U.S. environmentalists invoke global warming in protesting the project. President Barack Obama keeps siding with them, delaying and delaying approval. Keystone has become a tractor mired in an interminably muddy field.

In this period of national gloom comes an idea — a crazy-sounding notion, or maybe, actually, an epiphany. How about an all-Canadian route to liberate that oil sands crude from Alberta’s isolation and America’s fickleness? Canada’s own environmental and aboriginal politics are holding up a shorter and cheaper pipeline to the Pacific that would supply a shipping portal to oil-thirsty Asia. So, instead, go east — all the way to the Atlantic.

Thus was born Energy East, an improbable pipeline that its backers say has a high probability of being built. It will cost $12-billion and could be up and running by 2018. Its 4,600-kilometer path, taking advantage of a vast length of existing and underused natural gas pipeline, would wend through six provinces and four time zones. It would be Keystone on steroids, more than twice as long and carrying one-third more crude.

Its end point, a refinery in the blue-collar city of Saint John, N.B. operated by the Irving family, would give Canada’s oil-sands crude supertanker access to the same Louisiana and Texas refineries Keystone was meant to supply.

(Excerpt) Read more at business.financialpost.com ...


TOPICS: Business/Economy; Canada; Culture/Society
KEYWORDS: energy; keystonexl; oil; oilsands
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To: Gay State Conservative

Cmon; you can say it, we all know how to pronounce it, WETBACKS.


21 posted on 10/08/2014 10:53:16 AM PDT by 5th MEB (Progressives in the open; --- FIRE FOR EFFECT!!)
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To: Squawk 8888

A great article!

Leaders who enter the arena and grab the bull by the horns!

Not some jamoke that sends a coat holder to hold the tail of the beast and send a report.

We already know what comes out the rear of the beast.

“.. who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”

T.R.
THE MAN IN THE ARENA


22 posted on 10/08/2014 11:46:01 AM PDT by DUMBGRUNT
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To: Squawk 8888

In New Brunswick. Canada, that Atlantic pipe line will come by in the forest about 5 miles away from me. LET ‘ER RIP!


23 posted on 10/08/2014 6:09:11 PM PDT by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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