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Keyword: keystonexl

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  • Obama Approves Funding for Pipeline

    02/26/2015 5:57:23 PM PST · by mission9 · 19 replies
    In 2014, the World Bank Group committed $5 billion in new technical and financial support for energy projects in six African countries, including Kenya, which have partnered with US president Barack Obama’s Power Africa initiative. Among the projects funded, is the world's longest heated pipeline, which will bring newly discovered Ugandan oil fields to market. The Japanese conglomerate, Toyota, is the major contractor. Much of the oil, is committed to Asian markets, like China. On February 24, 2015 President Barack Obama, vetoed the Keystone XL pipeline, which would be a big boost to mid American and Canadian oil production. When...
  • Keystone Pipeline Bill Heads to POTUS' Desk; UPDATE: Vetoed

    02/24/2015 3:57:56 PM PST · by Kaslin · 26 replies
    Townhall.com ^ | February 24, 2015 | Daniel Doherty
    Legislation approving the controversial Keystone XL Pipeline has finally reached the presidentÂ’s desk. But donÂ’t celebrate just yet. In a joint op-ed published today in the pages of USA Today, House Speaker John Boehner (R-OH) and Senate Majority Leader Mitch McConnell (R-KY) are urging Americans to begin tempering their hopes and expectations by accepting the inevitable: Tuesday, as promised, the new Congress is sending the White House legislation that would approve the Keystone XL pipeline. This project will support tens of thousands of American jobs. It will bolster the nation's infrastructure and energy security. And it enjoys a broad base...
  • Obama’s veto of Keystone XL bill is a slap in Canada’s face

    02/24/2015 4:57:32 PM PST · by rickmichaels · 39 replies
    Financial Post ^ | Feb. 24, 2015 | Claudia Cattaneo
    U.S. President Barack Obama made good Tuesday on his threat to veto a bill to approve the Keystone XL pipeline, maintaining under his full control the final decision on the Canadian project’s future. His office downplayed the gesture, only the third veto of his presidency. There was to be no “drama or fanfare around it,” said White House press secretary Josh Earnest. It’s “certainly possible” that Obama will approve the pipeline once a State Department review of the project is completed, he added, though he gave no deadline for a decision. Yet the move is another slap in the face...
  • President Obama vetoes Keystone bill

    02/24/2015 12:50:04 PM PST · by E. Pluribus Unum · 33 replies
    Pollutico ^ | 02/24/2015 | Elana Schor
    President Barack Obama vetoed the Republicans’ Keystone XL pipeline bill Tuesday, rejecting Congress’ attempt to take the project’s fate out of his hands — and leaving the GOP prepared to attempt an override vote that will most likely fail.Obama’s veto message was delivered within hours of the legislation arriving on his desk. The White House had previously criticized lawmakers for trying to strip the executive branch’s authority over cross-border energy projects like the $8 billion Canada-to-Texas oil pipeline. Story Continued Below “I’m not shocked obviously,” Senate Energy and Natural Resources Chairwoman Lisa Murkowski (R-Alaska) said even before the widely expected...
  • President Obama vetoes Keystone XL pipeline

    02/24/2015 12:38:37 PM PST · by tcrlaf · 113 replies
    Verge ^ | 2-24-2015 | Kwame Opam
    Nearly two weeks after Congress approved the controversial Keystone XL pipeline, President Obama has officially vetoed the bill calling for its construction. The decision follows a clear statement from the White House last month saying the president would not sign the bill into law if Congress, currently controlled by Republican lawmakers, passed it.
  • U.S. refinery strike spreads to one-fifth of national capacity

    02/22/2015 11:34:52 AM PST · by thackney · 12 replies
    Reuters ^ | Feb 22, 2015 | ERWIN SEBA
    The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. A total of 6,550 members of the United Steelworkers union at 15 plants, including the 12 refineries, are involved in the work stoppage that began on Feb. 1 when talks for a new three-year contract between the USW and lead oil company negotiator Shell Oil Co stopped.... After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is...
  • Is The Oil Price Decline a Sign of Impending Deflation?

    02/22/2015 10:09:49 AM PST · by OwenKellogg · 14 replies
    American Thinker ^ | February 19, 2015 | Frank Ryan, CPA
    Conventional wisdom indicates slowing global economy and increased production are the root causes behind the precipitous drop in oil prices since mid-2014. ~~ snip ~~ Further signs of the impact of deflation, despite trillions of stimulus funds, include: 1.Negative interest rates on short-term securities and debt instruments. 2.The reduction of risk premiums in short and long-term debt financing for governments. 3.Increasing costs of healthcare for virtually every American, which adversely affects disposable income. 4.Declining real wages in the United States due to tax increases at the state and local levels. 5.Declines in labor force participation rates. 6.Lack of wage growth...
  • The Saudi project, part two Oil is back over $60 a barrel. Is the market returning to normal?

    02/20/2015 4:33:23 AM PST · by thackney · 61 replies
    The Economist ^ | Feb 21st 2015 | The Economist
    STAGE one of Saudi Arabia’s plan—or perhaps hope—to restructure the oil market is taking longer than expected. By refusing to rein in production while prices fell, the Saudis permitted a big surplus to grow and served notice on higher-cost rivals (Russia, Venezuela, American shale-oil producers) that they would not prop up other people’s profit margins at the expense of their own market share. That signal has been weakened by the growing amount of oil in storage, which is absorbing most of the glut. World oil stocks rose about 265m barrels last year and Société Générale, a French bank, reckons they...
  • The Coming Oil Crash: Why Oil Prices Will Drop

    12/31/2007 8:57:38 AM PST · by Clemenza · 139 replies · 343+ views
    Portfolio | January 2008 | John Cassidy
    http://www.portfolio.com/views/columns/economics/2007/12/17/Why-Oil-Prices-Will-Drop
  • Get Ready for $10 Oil

    02/17/2015 10:29:59 AM PST · by Duke C. · 65 replies
    Bloomberg | A. Gary Shilling
    At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here’s why.
  • Gary Shilling Says Oil Is Going To $10

    02/21/2015 10:06:40 PM PST · by blam · 31 replies
    BI ^ | 2-22-2015 | Shane Ferro
    Shane Ferro February. 17, 2015Gary Shilling thinks the price of oil is going way lower. The economist and financial analyst wrote an op-ed for Bloomberg View discussing the various reasons why he thinks the price could get down to $10-20 per barrel. Basically, supply keeps increasing while demand is shrinking. Here's an excerpt that pretty clearly lays it out: U.S. crude oil production is forecast to rise by 300,000 barrels a day during the next year from 9.1 million now. Sure, the drilling rig count is falling, but it’s the inefficient rigs that are being idled, not the horizontal rigs...
  • TransCanada plans another cross-border pipeline

    02/14/2015 6:16:04 AM PST · by thackney · 15 replies
    Fuel Fix ^ | February 13, 2015 | Jennifer A. Dlouhy
    Undaunted by the long battle over Keystone XL and current low oil prices, TransCanada Corp. is planning to build another border-crossing pipeline that would ferry North Dakota crude to refineries in Eastern Canada. TransCanada executives confirmed Friday they have signed contracts with shippers for enough capacity on the proposed 285-mile Upland pipeline to go forward with the project. It would move as many as 70,000 barrels a day of oil away from North Dakota’s Williston Basin, giving producers another alternative to shipping that crude by rail. “There is no question that production is up in North America, across the board,”...
  • Nebraska Judge Stops TransCanada from Using Eminent Domain for Keystone XL

    02/18/2015 10:13:09 AM PST · by Theoria · 19 replies
    Newsweek ^ | 13 Feb 2015 | Zoë Schlanger
    Last month, a Nebraska Supreme Court decision approved a route for the proposed Keystone XL pipeline through the state. That decision effectively allowed TransCanada, the pipeline company, to begin issuing eminent domain papers to landowners in the way. But a fresh lawsuit brought by nearly 70 landowners has spurred a Nebraska judge to halt TransCanada’s eminent domain proceedings, the Huffington Post reported Thursday. “TransCanada sees the writing on the wall,” Jane Kleeb, director of Bold Nebraska, a group fighting the pipeline, said in a statement following the judge’s decision to issue an injunction. “Nebraska landowners are not going to cave...
  • TransCanada Corp moves forward with Upland pipeline

    02/16/2015 12:02:10 PM PST · by Squawk 8888 · 5 replies
    Financial Post ^ | February 13, 2015 | Claudia Cattaneo
    As U.S. legislation to approve TransCanada Corp.’s Keystone XL pipeline waited Friday for a promised veto from U.S. President Barack Obama, the Calgary-based company said it would move ahead with another cross-border pipeline — this one to transport oil in the opposite direction. The $600-million, 460-kilometre Upland pipeline, first proposed in July 2014, has received the shipper support it requires to link multiple points in North Dakota to the proposed Energy East pipeline at Moosomin, Sask., TransCanada said Friday. The $12-billion Energy East pipeline would be an all-Canadian affair — an idea largely borne of frustrations with Washington’s interminable dithering...
  • After West Virginia Oil Train Derailment, Sign Keystone Bill

    02/19/2015 11:08:19 AM PST · by raptor22 · 22 replies
    Investor's Business Daily ^ | February 19, 2015 | IBD EDITORIALS
    Energy: Three million gallons of Bakken crude burning in rural West Virginia after an oil train derails in a snowstorm ought to underscore the environmental safety of replacing rail cars with the Keystone XL pipeline. One of the reasons President Obama says he'll veto the Keystone pipeline bill that, as a result of last November's GOP electoral gusher, has found its way to his desk is that it will only carry Canadian crude to foreign markets and is not worth jeopardizing the environment. Two things are wrong with that argument. The first is that Keystone XL will also bring Bakken...
  • Please Practice Safe Fracking ("expert" says fracking causes increase in STDs)

    02/16/2015 4:04:04 PM PST · by Tolerance Sucks Rocks · 10 replies
    Youtube ^ | February 12, 2015 | Maryland House Republican Caucus
  • Train Carrying Crude Oil Derails in Ontario

    02/16/2015 5:01:03 AM PST · by thackney · 12 replies
    Wall Street Journal ^ | Feb. 15, 2015 | CAROLYN KING And RITA TRICHUR
    A train carrying crude oil and operated by Canadian National Railway Co. derailed near the town of Timmins in northern Ontario just before midnight on Saturday, causing a fire but no reported injuries. The train derailed in a remote wooded area, according to a spokesman for Montreal-based CN, Canada’s largest railroad company. He said the railway company had deployed firefighting and environmental crews to the scene. The cause of the incident wasn’t yet known, he said. “Our emergency crews continue to conduct a full site assessment to determine the number of rail cars derailed and involved in the fire, and...
  • House sends Keystone to Obama

    02/11/2015 3:05:30 PM PST · by jazusamo · 14 replies
    The Hill ^ | February 11, 2015 | Cristina Marcos and Timothy Cama
    The House voted Wednesday to approve legislation authorizing construction of the Keystone XL oil sands pipeline, setting up the first major veto of Obama's presidency. Passage fell largely along party lines in a 270-152 vote, with 29 Democrats joining all but one Republican, Rep. Justin Amash (R-Mich.), in supporting the pipeline. The White House has repeatedly said President Obama will veto the legislation, and Republicans do not appear to have the two-thirds majority in either chamber to override him. The only mystery left is when and how Obama will announce the veto. It could be a tricky situation for the...
  • Anti-oilsands activists in the U.S. are getting unexpected visits from the FBI

    02/08/2015 7:47:22 AM PST · by rickmichaels · 21 replies
    National Post ^ | February 7, 2015 | Alexander Panetta
    WASHINGTON — Unexpected visitors have been dropping in on anti-oil activists in the United States — knocking on doors, calling, texting, contacting family members. The visitors are federal agents. Opponents of Canadian oil say they’ve been contacted by FBI investigators in several states following their involvement in protests that delayed northbound shipments of equipment to Canada’s oilsands. A lawyer working with the protesters says he’s personally aware of a dozen people having been contacted in the northwestern U.S. and says the actual number is probably higher. Larry Hildes says it’s been happening the last few months in Washington State, Oregon...
  • In Last Ditch Effort, EPA Tries To Sabotage Keystone XL Pipeline

    02/05/2015 6:43:50 AM PST · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 02/05/2015 | Terry Jones
    Will the Keystone XL pipeline ever get built? Not if President Obama and the Environmental Protection Agency get their way.
  • Good News: American Eco-Fascists Now Praising Saudis As Their "Best Ally" in Fight Against Keystone

    02/03/2015 8:36:55 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | February 3, 2015 | Katie Pavlich
    Last week the Senate, with votes from Democrats and Republicans, passed long-stalled Keystone XL pipeline legislation. President Obama is planning on vetoing the legislation despite broad support from lawmakers and the American people. In the meantime, the Saudis are doing everything they can to undermine U.S. domestic oil production and far-left eco-fascist groups like the Sierra Club are loving it. Washington Free Beacon's Lachlan Markay has the details: Saudi Arabia’s efforts to “drown” American energy producers make the oil-rich theocracy a crucial ally of the environmentalist movement, according to a leading green group. The House of Saud, the kingdom’s royal family,...
  • Obama's Irresponsible Keystone XL Veto Threat

    02/02/2015 10:41:12 AM PST · by raptor22 · 26 replies
    Investor's Business Daily ^ | February 2, 2015 | IBD EDITORIALS
    Stimulus: Obama says jobs from the Keystone project aren't permanent and it's just one pipeline that will move foreign oil to foreign markets. But fixing the bridge he once used as a prop didn't create permanent jobs either. 'Let's set our sights above a single pipeline," the leader of the party of infrastructure told Congress in the State of the Union. But this Congress has 80 more Republicans than when he took office, and on Thursday the Senate rejected his admonition by a 62-36 vote. Eight Democrats crossed the aisle after a series of amendment votes, a process that had...
  • Senate passes bill approving Keystone XL oil pipeline

    01/29/2015 2:40:27 PM PST · by Kaslin · 16 replies
    Yahoo!News ^ | January 29, 2015 | DINA CAPPIELLO
    WASHINGTON (AP) — The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top priority of the newly empowered GOP, and marked the first time the Senate passed a bill authorizing the pipeline, despite numerous attempts to force President Barack Obama's hand on the issue. Nine Democrats joined with 53 Republicans to back the measure.
  • Senate approves Keystone bill, White House threatens veto

    01/29/2015 1:40:30 PM PST · by what's up · 23 replies
    Fox News ^ | January 29, 2014
    The U.S. Senate passed a bill Thursday approving the Keystone XL oil pipeline, setting up a looming veto showdown with the White House. The legislation passed on a 62-36 vote
  • BREAKING: Keystone filibuster fails; pipeline poised for approval

    01/29/2015 11:21:16 AM PST · by Din Maker · 64 replies
    Washington Times ^ | January 29,2015
    The Keystone XL pipeline is closer than it’s ever been to approval after the Senate overcame a Democrat-led filibuster Thursday and was headed for a final passage vote later in the day — setting up an eventual showdown with President Obama, who has promised a veto. Nine Democrats bucked Mr. Obama’s threat and voted with 53 Republicans to approve the pipeline, which has taken on a political significance far beyond the 830,000 barrels per day of tar sands oil that it is projected to carry if it ever gets built. It marks the first major legislation to clear the Senate...
  • The Senate just advanced the Keystone pipeline bill and will pass it later today

    01/29/2015 11:02:10 AM PST · by jazusamo · 15 replies
    The Blaze ^ | January 29, 2015 | Pete Kasperowicz
    The Senate on Thursday took a major step toward passing legislation that would approve the long-stalled Keystone XL pipeline. After weeks of considering Republican and Democratic amendments to the bill, Republicans finally found enough Democrats to get over a procedural obstacle that required 60 votes. The Senate voted 62-35 in favor of ending debate on the bill, which will allow the Senate to pass the bill later in the day. The Senate will pass the Keystone XL pipeline bill Thursday afternoon, delivering a victory to Majority Leader Mitch McConnell (R-Ky.) and Majority Whip John Cornyn (R-Texas.). Image: AP Photo/J. Scott...
  • LETTER: Do not support the Keystone Pipeline

    01/29/2015 7:52:55 AM PST · by Phillyred · 20 replies
    Springfield Sun ^ | Glenn Gawinowicz
    To the Editor: Congressmen Toomey, Casey and Meehan are touting the Keystone Pipeline (a pipe that would move dirty tar sands oil across the country from Canada to the Gulf Coast for export) as a jobs bill. But research shows that the Pipeline would only create mostly temporary jobs — around 3,000 jobs per month for about 12 to 18 months. And, after the Pipeline is completed, only around 35 to 50 permanent jobs will remain. As far as jobs bills go, that’s pretty anemic. Instead, our congressmen could create millions of good-paying, long-lasting American jobs (that can’t be outsourced)...
  • Obama Visits Saudi King After Curbing Oil Expansion

    01/27/2015 9:59:25 AM PST · by raptor22 · 21 replies
    Investor's Business Dailt ^ | January 27, 2015 | IBD EDITORIALS
    Energy: While taking credit for increased oil and gas production on private and state lands, the president moves to put 12 million acres of the oil-rich Arctic National Wildlife Refuge off limits. OPEC and the Saudis are smiling. Whoever's in charge of presidential optics these days fits the classic definition of the blind leading the blind. It's bad enough that President Obama doesn't have time to get to Paris for a global protest against terrorism after the Charlie Hebdo attack but can meet and greet the San Antonio Spurs. But then he privately slams an invitation by Congress to Israeli...
  • Latest Obama executive order: 12 million acres of ANWR now off limits

    01/27/2015 8:24:08 AM PST · by rktman · 60 replies
    canadafreepress.com ^ | 1/27/2015 | Dan Calabrese
    President Obama announced Sunday that he’ll use his executive authority to designate 12 million acres in Alaska’s Arctic National Wildlife Refuge (ANWR) as wilderness, walling it off from resource development. This abrogates a 1980 deal in which Congress specifically set aside some of this acreage for future oil and gas exploration. It’s also a slap at the new Republican Congress, where Alaska Sen. Lisa Murkowski has been corralling bipartisan support for more Arctic drilling.
  • Keystone debate ends with Democrats' ire

    01/23/2015 1:01:55 PM PST · by Cincinatus' Wife · 8 replies
    CNN ^ | January 23, 2015 | Alexandra Jaffe
    Washington (CNN)Senators worked till midnight on Thursday moving through a series of amendments to a bill that would green-light construction of the controversial Keystone XL pipeline, but Senate Democrats wanted to stay longer. At least, they were frustrated with what they said was a double standard from Senate Majority Leader Mitch McConnell, who moved to end debate on the bill and set up a final vote next week after tabling a number of Democratic amendments. The Senate had already voted on 15 amendments, 10 of which were offered by Democrats and another five from Republicans. But Democrats cried foul at...
  • Mitch McConnell Did Something Last Night to Senate Dems That Has Them Furious

    01/23/2015 7:01:55 AM PST · by cotton1706 · 66 replies
    theblaze.com ^ | 1/23/15 | Pete Kasperowicz
    Sen. Mitch McConnell (R-Ky.) late Thursday left Democrats angry and sputtering on the Senate floor, as he used his new power as majority leader to brush off several Democratic amendments in an effort to speed up work on a bill to approve the Keystone pipeline. McConnell has so far made a point of allowing amendment votes, something Democrats barely allowed for the last few years. Earlier Thursday, McConnell boasted that the Senate had already held more amendment votes on the Keystone bill than Democrats allowed during all of 2014. “We’ve actually reached a milestone here that I think’s noteworthy for...
  • Senate’s marathon Keystone debate ends in anger

    01/23/2015 7:04:41 AM PST · by cotton1706 · 15 replies
    politico.com ^ | 1/23/15 | Elena Schor
    The new, freewheeling Senate of Majority Leader Mitch McConnell presided over an agitated debate on the Keystone XL pipeline that churned into Friday’s wee hours and ended with aggrieved Democrats crying Koch. Around midnight, a seemingly endless series of amendment votes and quorum calls shifted as McConnell moved to end debate on a bill that would yank President Barack Obama’s authority over the proposed oil pipeline — after quickly disposing of five Democratic amendments. Story Continued Below . . Blindsided Democrats accused the Kentucky Republican of shutting down a Senate that he had promised to run in a more open...
  • Senate tees up votes on Keystone XL, exports, climate

    01/20/2015 5:21:22 AM PST · by thackney · 9 replies
    Fuel Fix ^ | January 20, 2015 | Jennifer A. Dlouhy
    The fate of the oil that flows through the Keystone XL pipeline and the source of the steel used to make it are set to be decided this week in the U.S. Senate. The chamber is expected to vote on as many as three amendments to GOP-backed legislation to authorize the TransCanada Corp. pipeline on Tuesday, with more than four dozen other possibilities on the horizon. Few are without controversy, and many are meant to send a message or put senators in a difficult spot, casting votes on such issues as protectionism, oil spills and climate change. The first three...
  • U.S. rig count sees biggest drop in six years

    01/19/2015 4:57:09 AM PST · by thackney · 11 replies
    Fuel Fix ^ | January 16, 2015 | Ryan Holeywell
    More than 40,000 upstream oil and gas jobs in Texas could be lost as energy sector activity here continues to slow, said Karr Ingham, the economist who compiles the monthly Texas Petro Index tracking the industry’s economic indicators. The latest data point that spells trouble for the industry: data released Friday indicating that that the number of rigs operating in the U.S. was down 74 this week, the rig count’s biggest one-week decline in more than six years. “We’re now at the point where there’s likely to be some damage inflicted on the Texas economy,” Ingham said. “I’d sure be...
  • BNSF adds oil trains, changes route in Nebraska

    01/19/2015 4:59:37 AM PST · by thackney · 6 replies
    Lincoln Journal Star ^ | January 19, 2015 | Richard Piersol
    BNSF Railway more than tripled the number of trains it moved through Nebraska with a million gallons of oil or more aboard late last year and has changed its route to bypass Lincoln, at least for some trains. Reports filed with the Nebraska Emergency Management Agency show that late last year BNSF expanded the number of oil trains it was required to report from three per week in July to a range of seven to 14 per week. Railroads must report trains that carry at least a million gallons of oil -- about 35 tank cars -- from the Bakken...
  • Beaumont event touts benefits of Keystone XL

    01/19/2015 5:02:28 AM PST · by thackney · 6 replies
    Beaumont Enterprise via Fuel Fix ^ | January 16, 2015 | Eric Besson
    Despite an oversupply of crude oil that has halved trading prices and led the U.S. to consider lifting a 40-year-ban on crude exports, completing the northern leg of the Keystone XL pipeline remains a priority, U.S. Sen. John Cornyn said Friday in Beaumont. “We know that as global demand goes up, prices will go up,” Cornyn, R-Texas, said. “I think we ought to take advantage of the opportunity we’ve been given because great innovative drilling techniques devised in the United States and the great natural resources we have … help grow our economy and help keep America safe.” Cornyn delivered...
  • Ted Cruz causes headaches for Republican senators with repeal of oil export ban

    01/18/2015 9:22:47 AM PST · by SoConPubbie · 42 replies
    Examiner ^ | January 18, 2015
    Sen. Ted Cruz, R-Texas, is apparently causing headaches for his fellow Republican senators once again by pushing what many consider a sensible policy at what some call an inopportune time, according to a Sunday story in the Washington Examiner. Instead of repealing Obamacare or curtailing immigration, Cruz is proposing an amendment to the Keystone XL Pipeline authorization bill that would lift the 39-year ban on crude oil exports. The question, which many Republican senators have, is this the right time and is Keystone XL the right vehicle?As has previously been the case, Cruz has the facts on his side. The...
  • State Dept. gives other agencies 2 weeks to comment on Keystone XL pipeline

    01/16/2015 7:48:11 PM PST · by Citizen Zed · 7 replies
    Alaska Highway News | AP ^ | 1-16-2015 | BRADLEY KLAPPER
    President Barack Obama has promised to veto that legislation as long as the State Department is still conducting its formal review. Late last week, the Nebraska Supreme Court eliminated another obstacle, tossing out a lawsuit challenging the pipeline's route. Pipeline opponents in Nebraska filed two new suits Friday over the proposed route. The 1,179-mile pipeline would carry an estimated 800,000 barrels of crude oil a day from Canada to Nebraska, where it would connect with existing pipelines on its way to Gulf Coast refineries. Since the pipeline was proposed six years ago, it has sparked intense debate over its potential...
  • Obama can take credit where it’s due: obstruction

    01/16/2015 9:50:17 AM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 01/16/15 | A. Dru Kristenev
    Harmony was never in Obama's vocabulary. Discord, on the other hand, is his middle name. Confront President Obama and his obstructionist pen that hovers prepared to slash their efforts to dial back his ruinous agenda President Obama, the King of “Me,” confiscates credit for anything that even sniffs of a positive scent. Right now, that’s the smell of economic growth from privately owned and developed oil fields. His own policies have shuttered federal oil leases, selling them at a premium with crippling restrictions while extorting oil companies (most particularly BP after the Gulf spill in 2010) to pay royalties on...
  • Canada disses Obama, postpones meeting with U.S. over Keystone pipeline: report

    01/15/2015 11:12:34 AM PST · by jazusamo · 24 replies
    The Washington Times ^ | January 15, 2015 | Ben Wolfgang
    The White House confirmed Thursday that Canada has postponed the North American Leaders Summit scheduled for next month but would not say whether tension over the Keystone XL oil pipeline is the reason. Canada, this year’s summit host, announced Thursday that the summit will be held later in 2015, though no exact date has been set. Some Canadian media outlets, such as the Toronto Sun, reported that the meeting was rescheduled because of President Obama’s continued indecision on Keystone, which...
  • War On Shale: EPA Targets Fracking Boom With New Regs

    01/15/2015 10:09:56 AM PST · by raptor22 · 38 replies
    Investor's Business Daily ^ | January 15. 2015 | IBD EDITORIALS
    Energy Policy: In spite of dramatically lower methane emissions from fracking, according to the EPA's own data, the agency wants to impose draconian regulations on the oil and gas industry similar to those on coal. The new rules that the White House announced on Wednesday aim to cut oil emissions of methane, a target of environmental groups, by 45% below 2012 levels, despite the fact that the emissions already show a sharp decline even as shale oil and gas production has skyrocketed. This war-on-shale action mirrors the administration's war on coal, with EPA rules impossible to meet economically and sometimes...
  • The Keystone Catechism, Debate...demonstrated...ignorance of economics on the part of Obama.

    01/15/2015 7:27:41 AM PST · by thackney · 2 replies
    Nation Review ^ | JANUARY 14, 2015 | George Will
    Not since the multiplication of the loaves and fishes near the Sea of Galilee has there been creativity as miraculous as that of the Keystone XL pipeline. It has not yet been built but already is perhaps the most constructive infrastructure project since the Interstate Highway System. It has accomplished an astonishing trifecta: It has made mincemeat of Barack Obama’s pose of thoughtfulness. It has demonstrated that he lacks even a rudimentary understanding of the most basic economic realities. It has dramatized environmentalism’s descent into infantilism. Obama entered the presidency trailing clouds of intellectual self-regard. His carefully cultivated persona was...
  • Obama targets oil and gas industry, demands massive reduction in methane emissions

    01/14/2015 7:34:49 AM PST · by Jan_Sobieski · 55 replies
    The Washington Times ^ | 1/14/2015 | Ben Wolfgang
    Taking direct aim at the oil-and-gas industry, President Obama on Wednesday put forth long-awaited regulations on methane emissions, setting an ambitious goal of reducing those emissions by 45 percent over the next decade. The move comes just days before the State of the Union address and underscores that, in the final two years of presidency, Mr. Obama is looking to cement his legacy on climate-change and environmental issues...
  • Slippery Truths: What The Data Says About The Keystone XL Pipeline

    01/13/2015 2:22:02 PM PST · by yoe · 8 replies
    Popular Science ^ | January 13, 2015 | Katie Peek
    After it was narrowly defeated last November, approval to build the Keystone XL oil pipeline has just passed in the Senate, and is expected to pass in the House of Representatives (by the end of next week). President Obama plans to veto the legislation, after which it will be sent back to both houses of Congress for another round of voting.The contentious 1,200-mile, 36-inch-wide steel pipeline would transport both heavy oil and bitumen—low-grade crudes that need extra refining before they can be made into products such as gasoline—from Alberta’s oil sands to refineries on the Gulf Coast. The pipeline has...
  • McConnell threatens midnight session over Keystone XL pipeline

    01/13/2015 11:42:49 AM PST · by afraidfortherepublic · 19 replies
    The Hill ^ | 1-13-15 | Alexander Bolton
    Senate Majority Leader Mitch McConnell (R-Ky.) is threatening to keep senators working until after midnight Tuesday to break Democratic opposition to moving ahead with approval of the Keystone XL pipeline. ADVERTISEMENT McConnell warned he would keep the Senate in session until the early morning if that’s what is necessary to begin consideration of amendments to the Keystone bill as soon as possible. “Some of our colleagues on the other side continue to filibuster the motion to proceed to this bill. All senators should know that we will get on this bill today and begin the amendment process — either this...
  • On Senate’s to-do list: Keystone, climate change, crude exports

    01/13/2015 5:04:08 AM PST · by thackney · 4 replies
    Fuel Fix ^ | January 12, 2015 | Jennifer A. Dlouhy
    The Senate on Monday formally launched debate on legislation to authorize the Keystone XL pipeline, with a procedural vote that also set the stage for weeks of arguments on climate change, crude exports and oil spills. The chamber voted 63-32 to limit debate on a motion to proceed to the Keystone bill, surpassing a 60-vote threshold needed to shut off a potential filibuster on the measure but falling short of the 67 “aye” votes that would be needed to override a presidential veto. Eleven Democrats crossed party lines to vote with the chamber’s Republicans in support of launching debate on...
  • US Senate Takes Up Keystone XL Bill As Showdown With Obama Looms

    01/12/2015 1:50:30 PM PST · by thackney · 7 replies
    Rig Zone ^ | January 12, 2015 | Reuters
    The Senate will start debate on Monday on a bill to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama. Senator John Hoeven of North Dakota, a co-sponsor of the bill to approve TransCanada Corp's pipeline, has about 63 supporters, including all 54 Republicans. That is four short of the 67 needed to overcome an Obama veto. The White House has said the president would reject the bill if it reaches his desk. Hoeven said...
  • Crude Oil Is Crashing Again ($46.77)

    01/12/2015 5:47:20 AM PST · by blam · 51 replies
    BI ^ | 1-12-2015 | Myles Udland
    Myles UdlandJanuary 15, 2015Good morning! It is a new week and crude oil is making new lows.(snip)(snip)
  • Economic Recovery, Free Enterprise, and Keystone

    01/12/2015 5:36:25 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | January 12, 2015 | Star Parker
    Now that the U.S. economy is showing signs of life, President Obama is not wasting a moment to take credit for this recovery. “The steps we took nearly six years ago to rescue our economy and rebuild it on a new foundation helped make 2014 the strongest year for job growth since the 1990’s,” he said in a recent speech. For sure we can expect the president to continue this message in his upcoming State of the Union address, as he works to rebuild his credibility, thinking toward his final two years in office and his place in history. And...
  • More than Six Years Later, Keystone XL Is Still a Good Idea

    01/12/2015 4:07:01 AM PST · by thackney · 18 replies
    The Heritage Foundation ^ | January 8, 2015 | Nicolas Loris
    It was 2008 when TransCanada initially filed an application with the U.S. government to construct the multibillion-dollar Keystone XL pipeline to carry up to 830,000 barrels of oil per day from Canada to Gulf Coast refineries. Illinois Senator Barack Obama had just secured the presidential nomination for the Democratic Party. Hurricane Ike made landfall, Usain Bolt set world records at the summer Olympics, and the Lehman Brothers filed for Chapter 11 bankruptcy protection. More than six years and many significant historical events later, TransCanada still does not have approval to build an environmentally safe pipeline that would create jobs and...