Posted on 06/11/2014 5:22:38 PM PDT by jazusamo
Energy: As a big Dem donor talks of pipeline terrorism, new federal reports warn that killing Keystone XL will overburden rail transport of oil and result in more frequent and deadlier environmental disasters.
Environmentalists who claim that the Keystone pipeline from Canada represents an unprecedented environmental threat ignore that the pipeline would pose no greater danger than the more than 50,000 existing miles of safely operating pipeline already crisscrossing the U.S.
They also ignore the very real and growing environmental danger in the only viable alternate for transporting oil — by rail. Keystone would not only carry oil from Canada to U.S. refineries but also have a link to the Bakken formation oilfields of North Dakota. As the North Dakota boom expands, so does the amount of tank cars full of Bakken crude riding the nation's rails.
The Energy Information Administration has just released a report that documents how the lack of pipeline capacity is forcing increasing shipments by rail.
"The number of rail carloads of crude oil began rising in 2012, as production in the Bakken shale and other shale plays grew," the report found. "According to the North Dakota Pipeline Authority, Bakken rail outflow capacity totaled 965,000 barrels per day (bbl/d) at the end of 2013, compared to 515,000 bbl/d of pipeline capacity."
About a dozen crude-oil unit trains depart daily from the oil region in western North Dakota. Due to the lack of pipelines, some 69% of the state's oil is currently shipped to market by rail. The state's top oil regulator has said that as much as 90% of North Dakota oil is to be carried by train this year.
(Excerpt) Read more at news.investors.com ...
“They also ignore the very real and growing environmental danger in the only viable alternate for transporting oil — by rail.”
I’m sure Warren Buffett is deply saddened.
I’d sure like to know what Buffett has directly and indirectly given to 0bama and thugs for the Keystone not being approved fiasco, it’s gotta be a bunch.
Iraq oil will soon be controlled by the terrorists.
We have to defund the Middle East if we don’t defend it.
Amen, there’s very little doubt about it.
Isn’t that the idea?
‘They also ignore the very real and growing environmental danger in the only viable alternate for transporting oil — by rail. Keystone would not only carry oil from Canada to U.S. refineries but also have a link to the Bakken formation oilfields of North Dakota. As the North Dakota boom expands, so does the amount of tank cars full of Bakken crude riding the nation’s rails.’
I think these are the same railroads that Warren Buffet bought. Good luck on getting Keystone as long as Buffet is making big bucks.
Good old Warren is a big Zero backer, as long as he is there will be no Keystone.
Exactly...At the beginning I had reservations about 0bama being so blatant about holding up the pipeline because of Buffett’s railroads, I no longer do.
He needs good old Warren’s money, one day he will not, then Warren will be just another of the evil, greedy, one percent.
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