Keyword: keystonepipeline
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Don't trouble yourself trying to figure out whether President Obama is more political than ideological. He's an expert at straddling both and getting his way without compromise. Analysts have long debated whether partisan Obama would prevail over ideological Obama in his decision to approve or reject the Keystone XL pipeline, but in the end, it may be a false choice, as both could win under the overarching dominance of Saul Alinsky-Obama. Keystone XL is intended to carry crude oil from Alberta to refineries in the Gulf of Mexico. Environmentalists have long opposed construction of the pipeline, arguing it would do...
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Only a few weeks after President Obama's controversial decision to delay the building of the Keystone XL pipeline, the Obama administration is expected in the next several weeks to approve a 500-mile green energy transmission line project running through Arizona and New Mexico that his own Defense Department says may pose "an unacceptable risk to national security." The multibillion-dollar electric power line project, financed by a group called SunZia, would connect wind power facilities in eastern New Mexico to the electric grid and supply power to Arizona and California. About 45 miles of the transmission lines would be located in...
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Only a few weeks after President Obama's controversial decision to delay the building of the Keystone XL pipeline, the Obama administration is expected in the next several weeks to approve a 500-mile green energy transmission line project running through Arizona and New Mexico that his own Defense Department says may pose "an unacceptable risk to national security." The multibillion-dollar electric power line project, financed by a group called SunZia, would connect wind power facilities in eastern New Mexico to the electric grid and supply power to Arizona and California.
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The vote to authorize immediate construction of the controversial Keystone XL Pipeline may come to a crucial head next week, as two Senators introduced a bill on Thursday calling for binding legislation.
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Another major derailment of a train carrying oil through a town in the U.S. has caused the evacuation of 300 people, with oil washing into the James River in Virginia, which feeds into the Chesapeake Bay.
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When President Obama holds back approval of the Keystone pipeline, for the umpteenth time, it's bad enough that he's politically pandering to Tom Steyer, the hedge-fund billionaire and manic radical opponent of fossil fuels. If he gives in to Steyer by blocking the pipeline, Steyer gives $100 million to Democratic candidates this fall. Obama's transparent political cynicism is incredible. But it's more than that. It shows his disregard for jobs and economic growth for blue-collar union workers who used to be Democrats. It shows his utter disregard for our loyal Canadian ally up north. And it sends the wrong signal...
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According to experts cited by The New York Times, President Barack Obama's eventual decision on the Keystone XL pipeline -- last week, the administration once again postponed a decision -- "will have a marginal impact on global warming emissions." The global economy releases lots of greenhouse gas -- 32.6 billion metric tons of carbon in 2011. The Keystone XL pipeline would add 18.7 million metric tons. In the global greenhouse gas picture, it won't make a dent. To the working men and women of America, however, the project represents "a lifeline to good jobs and energy security," according to Terry...
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Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate rent-seeker who depends on government connections to produce subsidies and mandates that make his “green” energy investments profitable. He also is, or was until recently, a major investor in Kinder...
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On Good Friday, President Obama made a bad call. The State Department announced that it would delay its decision on the Keystone XL pipeline until after the Nebraska Supreme Court rules in a case involving the route. The administration insists the decision to punt has nothing to do with politics. Pretty much everyone else thinks otherwise. Obama, who is rarely reluctant to act unilaterally when it benefits him politically, and who regularly brags about his red-tape cutting, is paralyzed by perhaps the only big shovel-ready jobs project he's been presented with. He welcomes the Keystone red tape because he's trapped...
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A top labor union blasted the Obama administration on Friday over what it described as a nakedly political decision to once again delay a decision on the construction of the Keystone XL pipeline. Terry O’Sullivan, general president of the Laborers International Union of America (LIUNA), called the move “gutless” and a “low blow to the working men and women of our country. ”LIUNA is also a strong supporter of innovative oil and gas extraction techniques such as hydraulic fracturing and horizontal drilling that are helping to produce record amounts of oil in blue collar areas of the country that have...
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The former hedge fund of one of the Democratic Party’s most important donors was involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.
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The Obama administration on Friday said it was giving eight federal agencies more time to weigh in on the Keystone XL pipeline, a move almost certain to delay a final decision on the controversial project until after the Nov. 4 midterm elections. That timeline spares President Barack Obama from making a politically difficult decision that would either anger environmentalists or jeopardize some Senate Democrats seeking reelection in red states. But Friday’s move alienated stakeholders on all sides of the issue, including oil industry allies who accused the White House of playing politics and environmentalists who want Obama to swiftly reject...
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he Obama administration once again has punted on a final decision for the Keystone XL pipeline, announcing ahead of the holiday weekend it is extending a key review period indefinitely -- a move that could push off a determination until after the midterm elections. Republicans, as well as red-state Democrats who want the proposed Canada-to-Texas pipeline approved, slammed the administration for the delay. Democrats even threatened to find ways to go around the president to get the project approved.
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The Obama administration once again has punted on a final decision for the Keystone XL pipeline, announcing ahead of the holiday weekend that it is extending a key review period indefinitely -- a move that could push off a determination until after the midterm elections. Republicans, as well as red-state Democrats who want the pipeline approved, slammed the administration for the delay. "It's absolutely ridiculous that this well over five year long process is continuing for an undetermined amount of time," Sen. Heidi Heitkamp, D-N.H., said in a statement.
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Nearly a dozen Senate Democrats, including five up for re-election this year, are pressing President Barack Obama to approve the Keystone XL pipeline, and they say they want a decision by the end of next month. Most Republicans support the pipeline, but the 11 Democrats who wrote a letter to Mr. Obama urging him to approve the project deliberately made it a one party-effort. While a set of bipartisan signatures can be a powerful thing in the art of Washington letter-writing, these lawmakers clearly want to accentuate the pressure Mr. Obama faces from his own party on this issue. “It’s...
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Yet another poll on the general public’s feelings on the Keystone XL pipeline, this one from Pew, is out today confirming pretty much everything we already knew about the beleaguered project: That the majority of Americans are cool with it, while the majority of the opposition is coming from out-of-touch wealthy liberals. Shocker. As the Obama administration deliberates over whether to allow the Keystone XL pipeline to be built, the proposed pipeline continues to draw broad support from the public. Currently, 61% favor building the pipeline while 27% are opposed. These views have changed little over the past year.As previous...
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The saddest thing about a guy like Obama, as opposed to say, Bill Clinton, is that if you went forward in time and showed him all his mistakes, showed him an alternate vision-- one that's successful for the country-- he is such an ideologue that he would reject the advice out of hand. But still that doesn’t mean that I won’t share the five things Obama could do to turn the country and the economy around. Some of these are things anyone could do. OK, anyone but Obama: 1) Negotiate with Republicans on Obamacare—This signature piece of legislation is...
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On Wednesday, a Nebraska judge struck down a state law that would have allowed TransCanada to use the power of eminent domain to seize private land to help construct a short 300-mile segment of the controversial Keystone XL pipeline between Cushing and Steele City, Nebraska. The law in question, LB 1161, allows Nebraska Governor David Heineman and TransCanada to avoid regulators in siting a crucial portion of the pipeline. Lancaster County District Judge Stephanie Stacy sided with three landowners who challenged the law, finding that regulatory power over industrial companies such as TransCanada must remain with agencies such as the...
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The Keystone oil pipeline is good idea for the United States, Warren Buffett said Monday, even though it would take away some business from his Berkshire Hathaway rail subsidiary BNSF. The long-delayed leg from Alberta, Canada, to Nebraska should be approved, the billionaire investor told CNBC. "I would vote 'yes,'" Buffett said in a "Squawk Box" interview, but added he has "no idea" if President Barack Obama will approve it. "I don't believe in the Keystone pipeline because of the jobs you'd make building it. You can build anything and create jobs," he said. "I just believe it's a useful...
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Give Obama this: When he wants something, no one moves more quickly and decisively. From unilaterally rewriting Obamacare at least 18 times to bypassing Congress and implementing the DREAM Act’s immigration policies by fiat, Obama rules by decree. His executive orders recall the late Yul Brynner’s portrayal of Pharaoh Ramses II in Cecil B. DeMille’s The Ten Commandments (1956). As the maximum leader of Egypt said: “So let it be written. So let it be done.” Now that’s leadership. “America does not stand still,” Obama likewise declared in his January 28 State of the Union address. “And neither will...
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