People on the north side of the border are saying that the Republican
majority in Washington will likely make the XL Pipeline that carries
heavy oil from Alberta to Texas a high priority.
I think it's a win-win situation for both Canada and the USA. The USA
has always wanted to break it's dependance on mid-East crude oil, and
Canada has as much oil as Saudi Arabia, only it's in the form of tarsand
oil. The reliable source of petroleum will be good for the US
manufacturing sector in that factories that produce everything from
pesticides to plastics, from carpets to containers and from cosmetics to
aviation fuel will have a reliable supply of crude oil feed stock.
Canada will benefit by having a reliable and steady customer for it's
tar sand oil.
When the XL Pipeline was first proposed, most people thought it was a
no-brainer. The US needs petroleum for heat and power, and Canada has
lots of it. Also, there's tons of unused refining capacity in Texas.
But, Obama got elected running on a "green future" campaign, and that
threw a monkey wrench into the machinery of getting that pipeline built.
Things may change now.
Warren Buffet comes to mind. Being that he currently owns the railroad that
transports the oil now, he has alot to lose if the pipeline gets built.
Not surprising that he is a BIG backer of obammy, too
On Wed, 05 Nov 2014 19:21:46 -0500, J Burns wrote:
Today my brother was telling me how the Saudis are lowering the price of
their oil to try and stamp out initiatives over here to drill. He said
their target goal was $70usd/barrel. That's still enough to make money
but cheap enough to stop any major investments to try and get to the
harder to reach oil here in North America.
The US has never before been in a position to affect the price of oil.
Now that we are... if anyone in DC has a lick of sense... (highly
unlikely) we will do everything possible to keep oil under 70 dollars
a barrel. Without firing a single shot we could almost destroy every
shithole country that is against us. This would include the middle east,
Venezuela as well as Russia and others. Of course, in this 'global
economy' we'd have some blowback, but it would still be more
than worth the cost. IMO.
On Wednesday, November 5, 2014 11:01:36 PM UTC-5, 83LowRider wrote:
Say what? We created the industry and were the industry for a good
part of the last century. Even in 1980, when Reagan took the BS windfall
profits tax off oil, we had a drilling boom and the result was the price
plummeted in the 80s. Crude was below $10 a barrel by the time it hit
Great idea. Turn a free market that is working into an economic war
or more likely, a real war.
On Wednesday, November 5, 2014 6:17:09 PM UTC-5, nestork wrote:
It's definitely a high priority for the Republicans. But you still have
Obama. The big thing that has now changed is Harry Reid can no longer
shove every bill that gets passed by the House into his drawer and refuse
to even allow discussion of it to protect Obama. The House will pass a K p
ipeline bill, the Senate will now allow it to be discusses and voted on. I
t will pass and then go to Obama. He'll then be forced to either sign it o
r veto it. Knowing him, I would not be surprised to see him veto it. But i
force him to do something, instead of endlessly delay by phony BS excuses.
Another thing to watch is that the voters have spoken. Now watch what
Obama does, as a clear indication of where the real problem is. He's
still planning on pulling an illegal executive order stunt, allowing millio
of illegal aliens to avoid deportation, instead of working with Congress.
If he pulls that, it will totally poison the well for the remaining two
years. And it will show that the real problem is Obama doesn't give
a damn about the voters or Congress.
Most people still think it's a no brainer, Obama and certain loons are the
I'd rather send my money to Canada, as compared to
the middle East. That said, I'm sure there is a lot
of hidden agenda going on, people want this or that,
and the hidden agendas are often not what the US
I have a faint glimmer of hope, but only a tiny hint
of a maybe. Please, Canada, don't get your hopes up.
They haven't. They have a different, domestic pipeline under
construction that will (instead of getting the oil to US refineries)
will get it to export terminals to send it to other places. Well played,
?Statistics are like bikinis. What they reveal is suggestive,
but what they conceal is vital.?
It takes a 2/3 congressional vote to overcome a presidential veto.
We can hope, if he gets a pipeline bill, that he signs it or lets it sit
on his desk which would allow it to pass.
I'm betting that his loyalties to his big donors will take precedence
and he will veto a pipeline bill.
On Thursday, November 6, 2014 10:02:17 AM UTC-5, Frank wrote:
So far Obama has shown that he doesn't give a damn about Congress or the
recent message sent by the voters. So, I think you might be right. But,
I don't think Obama is so popular with many Democrats in Congress anymore
either. It would probably be easy to override his veto in the House. And
it may be possible to override a K pipeline bill in the Senate too.
Obama has reacted as anticipated. He won't compromise with a Republican
congress and I believe fact is that he never compromised or worked with
a Democrat congress. On the job training did not work for him. His
idea of leadership is to dictate to, not work with others.
I agree that thinking Democrats will abandon him if they want to keep
their jobs. Don't forget, 1/3 of the senate is also up for re-election
in two years.
Since O governs by executive orders, maybe the
new House leader can pass impeachment by
executive order, and the Senate Majority
leader can approve it by executive order,
and be done with it? All done in about two
I hope Canada has addressed the 'lack of maintenance' BP has been doing on
all their cross country piping. Running 'dirty' abrasive compounds through
the pipes have thinned the walls at corners, junctions, and even out in
the open in unknown [at least not monitored] amounts. When one of these
pipes thins to the extent of breakage and Canada will have a spill that
trivializes the likes of BP's Gulf oil platform burst. Major land damage.
Just a 'heads up' for you.
PS: a little budget and a bit of effort ALL the pipes could be evaluated,
then repaired at weak junctions. But winter is upon us, so...duck and
cover until Spring.
On Thursday, November 6, 2014 12:06:48 PM UTC-5, Robert Macy wrote:
Just a heads up for you. It's impossible for any pipeline to create a spill
even close to the BP Gulf spill. Unless you think that someone won't figure
out how to turn a pump off for 3 whole months. Modern pipelines have automatic
leak detection and automatic shutdown. If a pipeline scares you, better stay
in bed. Good grief.
You scratch a greenie on this matter and you find that they object to
getting the oil transported by any method. They oppose pipeline, truck
and train. These numbnuts figure if US get it, they will just create
yes, by 80's MUCH better.
Am I the only one that remembers during the Carter years, as we waited in
line for gasoline, that off the coast of Bay Area of California were SIX
tankers who had NO place to leave their oil so had to wait out there?
Meaning, all the storage was FULL, but NOT being transferred to the public
AND still more than enough off the coast to last quite a while!
Plus, the news photo of all those 'competitor' gasoline trucks like
Standard, Texaco, Shell, etc ALL lined up to get gasoline out of the SAME
Plus, during those years, I was involved in providing Security Systems for
Strateic Oil Reseves. I was only allowed to know a small fraction [so not
one compnay knew where all the reserves were] and what I knew about would
supply oil for the US for at least two years! Shortage? not really, more a
It is my contention that the Oil companies finally woke up to a principle,
"Remove a commodity people deem important and you can charge ANY price you
want!" And they did. Now what is frightening is that all those 'profits'
went into buying farm production land across the US, so I'm waiting for
the other shoe to drop. When suddenly food is taken off the market so it
is possible to charge ANY price you want.
...end of rant.
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