Senate approves Keystone bill, White House threatens veto

Fox News ^ | January 29, 2014

[what's up]

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

[ColdOne]

You may be correct, never can trust them.

[conservatism_IS_compassion]

“With the price of a barrel of oil about $50, who is gonna pay for Keystone XL even if we did get it past Obama?”

Pipelines are not justified on the price of oil. They make money by the difference in the price of oil based upon location. We will end up using more, not less oil with low prices.

But production of oil certainly is " justified on the price of oil.” And if there is nothing produced to be sent down the pipeline, because it costs more than it will bring at the “wellhead,” how much is it worth to build the pipeline??

The Saudis are now engaged in generating FUD about the value of the XL project. And the value of maintaining our painfully built-up fracking infrastructure. Abandon those, and the price goes up again - perhaps not to $100, but up.

You have your reasons to oppose the logical measures the US could take to limit the Saudi’s ability to play that game. So the game will continue.

[thackney]

Read the link in post #18.

[glorgau]

The bill should have been stand alone , a simple up or down vote .

Absolutely. There should be a whole slew of single issue bills lined up for him to sign or veto. It would bring a lot more clarity.