01-18-2012, 02:27 PM
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#1
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Franchise Player
Join Date: Feb 2011
Location: Somewhere down the crazy river.
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Keystone oil sands pipeline rejected
This was kind of unexpected news.
http://money.cnn.com/2012/01/18/news....htm?hpt=hp_c1
http://www.cbc.ca/news/politics/stor...-pipeline.html
Quote:
The U.S. government has denied an application by TransCanada to build the Keystone XL pipeline, the State Department announced Wednesday.
A statement released by the department says it doesn't preclude TransCanada applying again with a different route.
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01-18-2012, 02:29 PM
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#2
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Scoring Winger
Join Date: Jan 2009
Location: Calgary
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I guess unemployment is better than working even when your countrys economy is in the toilet.
__________________
Westerner by birth, Canadian by law, Albertan by the grace of God
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01-18-2012, 02:31 PM
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#3
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Franchise Player
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Huh. Didn't see that one coming. Glad I cashed in some stocks yesterday.
Between this and SOPA I'd say the Obama administration is doing more harm than good to the economy...
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01-18-2012, 02:35 PM
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#4
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Franchise Player
Join Date: Feb 2006
Location: Calgary AB
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Quote:
Originally Posted by Wormius
This was kind of unexpected news.
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Not unexpected at all. You didn't think Obama was going to let House Republicans force his hand in an election year, did you? This issue is already beyond reason, and into the realm of political football in which indecision or pushing tough decisions past election time will rule the day.
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01-18-2012, 02:35 PM
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#5
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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It was rejected so that the new route would be applied for again. Trans-Canada has already said that they're re-applying.
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01-18-2012, 02:37 PM
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#6
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Powerplay Quarterback
Join Date: Aug 2011
Location: Neither here nor there
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From the sounds of it, Obama just used this as a political stunt to blame the republicans for something to make himself look better.
__________________
"The problem with quotes on the Internet is that it is hard to verify their authenticity" -Abraham Lincoln
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01-18-2012, 02:37 PM
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#7
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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I'm not terribly surprised. It will be allowed with the new routing after the November election.
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01-18-2012, 02:38 PM
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#8
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Norm!
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Chinese money is just as good.
This could hurt Obama on the Campaign trail.
Turned down a wack of jobs, and access to energy not from the middle east because of the Envionmental crowd.
Expect to hear the Repbulican's screaming about lost opportunities over the next couple of weeks, especially with Canada looking to take their oil elsewhere.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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01-18-2012, 02:39 PM
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#9
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Norm!
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Quote:
Originally Posted by burn_this_city
I'm not terribly surprised. It will be allowed with the new routing after the November election.
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Whether Obama wins or not.
Wonder what our Prime Minister is saying behind the scenes.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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01-18-2012, 02:40 PM
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#10
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Norm!
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Quote:
Originally Posted by Slava
It was rejected so that the new route would be applied for again. Trans-Canada has already said that they're re-applying.
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How much money did they pay the first time.
The tempting thought is to tell them to pound sand and go West.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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01-18-2012, 02:41 PM
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#11
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Franchise Player
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Quote:
Originally Posted by Muffins
From the sounds of it, Obama just used this as a political stunt to blame the republicans for something to make himself look better.
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You guys don't get it; the Republicans gave him a couple months for him to make a decision that required much more analysis given the rerouting, etc.
Given the tight deadline and inability to do a proper analysis, he was forced to reject the current proposal, but TCPL is free to resubmit the new plans for approval.
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01-18-2012, 02:42 PM
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#12
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Powerplay Quarterback
Join Date: Dec 2010
Location: Calgary
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Time to learn to love the Yuan.
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01-18-2012, 02:42 PM
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#13
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 Posted the 6 millionth post! |
What's with all the negativity in here? The idea of the pipeline isn't dead, it's just the route it takes. A new route will be proposed that doesn't travel through the contentious parts.
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01-18-2012, 02:44 PM
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#14
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Lifetime Suspension
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Keystone likely to creative 400 - 1200 jobs.
Give your head a shake if you think this is about jobs and the economy.
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01-18-2012, 02:47 PM
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#15
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Franchise Player
Join Date: Feb 2006
Location: Calgary AB
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Quote:
Originally Posted by CaptainCrunch
How much money did they pay the first time.
The tempting thought is to tell them to pound sand and go West.
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If the oil sands are going to go on without bottlenecking with the huge volumes that projects are bringing on in the next 15-20 years we will need all three of:
1) Keystone XL
2) Northern Gateway
and
3) Trans-mountain expansion
Unfortunately this isn't really an either/or, multiple ways to skin a cat game. The urgency is that at least one of them starts damn soon as we will start to see backups in 2015-2016.
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01-18-2012, 02:48 PM
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#16
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Scoring Winger
Join Date: Aug 2005
Location: too far from Calgary
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Quote:
Originally Posted by kunkstyle
Huh. Didn't see that one coming. Glad I cashed in some stocks yesterday.
Between this and SOPA I'd say the Obama administration is doing more harm than good to the economy...
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What does Obama have to do with SOPA? White House is against the bill that has mostly GOP sponsorship in the house and Senate but whatever...
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01-18-2012, 02:49 PM
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#17
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Lifetime Suspension
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Northern Gateway wont break ground by 2016. Litigation will see to that.
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01-18-2012, 02:49 PM
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#18
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Franchise Player
Join Date: Aug 2005
Location: Calgary
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3 years + 2 months is not enough time.
While a Democrat is elected President, I dont believe this pipeline will be built.
Because I could care less about the US, from Canada's perspective the quicker we can bypass them the better. If they want to buy oil from Saudi Arabia, Libya, and Iraq instead of from Canada - so be it.
__________________
MYK - Supports Arizona to democtratically pass laws for the state of Arizona
Rudy was the only hope in 08
2011 Election: Cons 40% - Nanos 38% Ekos 34%
Last edited by mykalberta; 01-18-2012 at 02:51 PM.
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01-18-2012, 02:51 PM
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#19
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Norm!
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Quote:
Originally Posted by Tinordi
Keystone likely to creative 400 - 1200 jobs.
Give your head a shake if you think this is about jobs and the economy.
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In the States or Canada?
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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01-18-2012, 02:52 PM
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#20
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Scoring Winger
Join Date: Aug 2005
Location: too far from Calgary
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Quote:
Originally Posted by Muffins
From the sounds of it, Obama just used this as a political stunt to blame the republicans for something to make himself look better.
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GOP put White House/State Department into a corner by attaching this decision to a payroll tax bill in December. GOP wanted to play politics and the President obliged.
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