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 ...
So its a good thing a potential enemy is getting supplies from a long time friend?
“High paying oil industry jobs are not fungible.”
Yes they are as far is if you are qualified, you will have no problem getting an oil field job.
“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.”
I certainly agree that oil is fungible. However, I disagree with your basic point because Obama is preventing rational action. Private companies want to build a pipeline to transport the oil to Gulf coast refineries. Obama is preventing this allocation of resources, forcing his idiotic choices (higher energy prices and energy shortages) on us. Your point would be valid if private individuals did not want to build the pipeline but Obama forced them to build it.
Americans should note that NAFTA prohibits Canada from reducing the proportion of oil and gas that goes to the U.S.A. That guarantees you a supply; so long as we have one. However, if you stop buying as much; then we're not obligated to sell you more, if you change your mind. If certain U.S. ‘greenies’ and politicians have their way, the U.S. would stop buying oil from the oil sands. We would then not be obligated to sell it to you in the future. If this pipeline is built, you'd have to compete in the world market for it. If China has it sewed up in contracts — then that would be that.
“Obama is preventing this allocation of resources, forcing his idiotic choices (higher energy prices and energy shortages) on us.”
Right. The jobs arising from the economically rational act of building pipelines that transport Canadian oil add value. Keeping our refineries running creates higher value products. And keeping our technical skills alive during what will be a long period of depressed economic conditions is a matter of survival.
This is not really what’s happening. The existing TransCanada pipeline is waiting for approval for a massive expansion. Obama’s administration is delaying approval until they secure agreement that the west coast pipeline through British Columbia to feed China will be delayed a decade or two.
It’s #793 in the Plan to Destroy America.
In Obama’s heart of hearts he is celebrating the US loss of Canadian oil.
REad an article about Obama helping expose Israel to attack with canning Bush’s missle defense in Europe, plus supporting the ouster of Mubarak, supporting the Palestiniann state, but not opposing Assad when attacking his civilians. Makes me think that Libya is just a diversionary tactic.
Then, in the midst of all this, he taps the oil reserve, ostensibly to reduce fuel prices after he has done every thing he can think of to raise them. Doesn’t make sense.
The author of the article I read thinks Israel will be attacked in September, after our strategic oil reserve has been run down. Not that Obama would come to Israel’s aid, but if we did, the Arabs would cut off our oil in a heartbeat, our production has been reduced. Sounds to me like preparation for an excuse not to help the Israelis and bring our defenses to its knees with lack of oil. Just thinking ahead. To me, it fits the circumstances. We will see.
Correct, he doesn’t want abundant, cheap oil for U.S. customers because he wants the U.S. to become like socialist Europe with high gas prices and everyone riding public transit.
The Democrats will give their usual canned reply that Canadian oil is somehow “dirty” unlike the nice clean healthy oil we get from Venezuela and Saudi Arabia.
Yes, Obama, but he’s not alone in that fight. Merchants and free traitors are pushing hard against oil from the tar sands, because it conflict with their interests. Imagine paying extra for the freight fuel and other transportation costs to carry your oil overseas in the near future. That’s what you could avoid by buying it from Canada.
Arnold Schwarzenegger and a horde of other bipartisan California politicos were working hard against the tar sands projects years ago with fake environmentalist arguments. Environmentalism: the contemporary way for globalists to prevent competition.
And BTW, oil won’t be so “fungible” after the likely wars ahead. Pride goes before the fall. We need to drop baseless pride, reject contemporary propaganda on the economy and foreign relations, and get to real work.
It concerns me that if we should open our oil fields after Obama wrecks our oil supply and our economy with debt and outsourcing, the US will give our oil to the highest bidder or the foreigner they want to buy off, and Americans will be no better off.
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