President Barack Obama rejects KXL: WSJ

[the_only_turek_fan]

http://www.wsj.com/articles/obama-ad...rns-1446825732

It's official.

[COLOR="rgb(46, 139, 87)"]Can we blame Trudeau since it happened on his watch?[/COLOR]

[Locke]

Yeah, thats a white text fail.

No surprise really.

[Senator Clay Davis]

Didn't we already have a thread for this?

[HotHotHeat]

Keystone did a great job distracting everyone. How many other pipelines have been completed while this grabbed headlines?

[puckhog]

Originally Posted by HotHotHeat

Keystone did a great job distracting everyone. How many other pipelines have been completed while this grabbed headlines?

Not too many pipelines that I'm aware of, but oil shipments by rail sure appreciated the distraction.

[Dentoman]

Hello CN and CP stocks

[InglewoodFan]

Interesting early test for Trudeau, will he send this to a NAFTA tribunal? That would really stimulate the lawyer industry if nothing else.

[Locke]

Originally Posted by InglewoodFan

Interesting early test for Trudeau, will he send this to a NAFTA tribunal? That would really stimulate the lawyer industry if nothing else.

Its all about deficit spending during recessions!

We must help our beleaguered legal industry during these trying times!

[saillias]

As someone who doesn't understand the process whatsoever and finds American politics and bureaucracy tedious and boring, hasn't this happened like 3 times already?

I guess what I mean is, why is this time being treated as more "final" than all the others. Is TransCanada giving up on it now?

[Locke]

Originally Posted by saillias

As someone who doesn't understand the process whatsoever and finds American politics and bureaucracy tedious and boring, hasn't this happened like 3 times already?

If at first you dont succeed try, try and try again.

Sarcasm aside, Obama has been pretty clear from Day 1 that he was never going to approve this. I know its a big deal for us because its a better way to get our product to market and keep the Oil flowing and thus keep the lights on around here.

But if it were me I'd be appealing this decision the day he walks out of the White House door for the last time and not a day sooner.

[Bunk]

The reality is the industry (and Country) didn't take environmental activism seriously, dismissing it as fringe, failed to take as much real action as they needed to address emissions levels, and as a result we allowed ourselves (fairly or unfairly) to become a global environmental pariah.

[CaptainCrunch]

I think he has to send it to a NAFTA tribunal, I don't think there's any choice in the matter.

Obama has done a fabulous job of screwing over or pissing off every major close friend that America has had.

this is a cynical decision by Obama the president who's bragged about basically building enough pipeline in the States to circle the globe twice, the President who continues to be one of the largest exporters of dirty coal.

this was all about Obama cozying up to the Democratic big money supporters and nothing more. Similar to how we go after the Republican's for their big money supporters.

At first when Trudeau stated that he was pulling out of the Syrian mission I was against the move because I thought it would send a bad message to our Nato Allies and to the world that Canada was once again going to become a unreliable partner. But at this point, I'm fine with it because it basically states that we're not happy with American's treatment of our nation.

From the whole appointing an ambassador thing and how that was a bit of a diplomatic slap in the face to , the buy America program and how it was anti Nafta, to wanting to increase tariffs on Canadian goods, this, it just shows that this President is taking us for granted, and news flash, if Hillery wins, she's an Obama disciple and will continue to slap us in the face.

If Justin thinks he can deal with this ego maniac he's fooling himself.

Obama has just completely screwed this country over in terms of the energy business. I believe he's cost TCPL about 3 billion dollars in a venture that the State Department approved and Obama denied to satisfy his backers who will give him more money for his library.

America is no longer the friend that it once was, and unfortunately there aren't many levers that Canada can pull to retaliate except to tell them not to ask us for any more help in terms of alliances etc.

But at least he takes a nice selfie and hangs out with Puff Daddy.

[pepper24]

Originally Posted by HotHotHeat

Keystone did a great job distracting everyone. How many other pipelines have been completed while this grabbed headlines?

Article a few days back said 10X pipelines of KXL within US since 2010 have been added.

Enbridge has also greatly expanded their Mainline system from Edmonton/Hardisty to Chicago/Cushing/US Gulf.

Keystone is all political.

[CaptainCrunch]

Originally Posted by Bunk

The reality is the industry (and Country) didn't take environmental activism seriously, dismissing it as fringe, failed to take as much real action as they needed to address emissions levels, and as a result we allowed ourselves (fairly or unfairly) to become a global environmental pariah.

This is a BS reason, this was all about targeting what they think is the biggest public relation stick that his backers like with the Oil sands. Tell me that Obama is a serious player in the environmental game when he still allows incredibly dirty oil production (California) in his own country and addresses it. Continues to build internal pipelines to carry it. Continues to ship dirty coal in mass quantities world wide. Has still done very little in terms of emission standards in his own nation, but expects other nations to do it.

He wants us to do emissions changes and put pricing on carbon, but he won't do anything significant in the States.



He's a hypocrite, he's the fund raising president, and he just satisfied the people writing him checks.

[Bunk]

^ Canada never gave Obama enough political cover to approve it in the face of very vocal and growing opposition on his party's base.

[CroFlames]

Originally Posted by Bunk

The reality is the industry (and Country) didn't take environmental activism seriously, dismissing it as fringe, failed to take as much real action as they needed to address emissions levels, and as a result we allowed ourselves (fairly or unfairly) to become a global environmental pariah.

Perhaps Uncle Sam should be looking at his own global emissions? (USA: 19% of global emissions. Canada: just 2%)

2% for a highly developed country, heavy into manufacturing and resource development, and that is frozen basically half the year is not too bad in my book.

[Leeman4Gilmour]

Originally Posted by Locke

If at first you dont succeed try, try and try again.

Sarcasm aside, Obama has been pretty clear from Day 1 that he was never going to approve this. I know its a big deal for us because its a better way to get our product to market and keep the Oil flowing and thus keep the lights on around here.

But if it were me I'd be appealing this decision the day he walks out of the White House door for the last time and not a day sooner.

Pretty big deal for the Americans as well. I believe the last poll suggested 63% of Americans were in favour. Also, the refineries in the Gulf dumped quite a bit of money into their plants in the form of modifications allowing them to process our heavy oil. It could turn out okay for us however. Hopefully this is the push we need to move quicker on the pipelines going west and east. They'll be constructed responsibly and the sooner we limit transport by rail, the better.

[Leeman4Gilmour]

Originally Posted by CroFlames

Perhaps Uncle Sam should be looking at his own global emissions? (USA: 19% of global emissions. Canada: just 2%)

2% for a highly developed country, heavy into manufacturing and resource development, and that is frozen basically half the year is not too bad in my book.

Per capita, it's pretty much identical.

[Locke]

Originally Posted by Leeman4Gilmour

Pretty big deal for the Americans as well. I believe the last poll suggested 63% of Americans were in favour. Also, the refineries in the Gulf dumped quite a bit of money into their plants in the form of modifications allowing them to process our heavy oil. It could turn out okay for us however. Hopefully this is the push we need to move quicker on the pipelines going west and east. They'll be constructed responsibly and the sooner we limit transport by rail, the better.

Couldnt agree more.

[chemgear]

Originally Posted by the_only_turek_fan

Can we blame Trudeau since it happened on his watch?

Naw.

Spoiler!