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Old 01-18-2012, 02:27 PM   #1
Wormius
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Default 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

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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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Old 01-18-2012, 02:29 PM   #2
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I guess unemployment is better than working even when your countrys economy is in the toilet.
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Old 01-18-2012, 02:31 PM   #3
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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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Old 01-18-2012, 02:35 PM   #4
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Quote:
Originally Posted by Wormius View Post
This was kind of unexpected news.
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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Old 01-18-2012, 02:35 PM   #5
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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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Old 01-18-2012, 02:37 PM   #6
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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.
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Old 01-18-2012, 02:37 PM   #7
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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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Old 01-18-2012, 02:38 PM   #8
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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.
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Old 01-18-2012, 02:39 PM   #9
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Quote:
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I'm not terribly surprised. It will be allowed with the new routing after the November election.
Whether Obama wins or not.

Wonder what our Prime Minister is saying behind the scenes.
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Old 01-18-2012, 02:40 PM   #10
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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.
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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Old 01-18-2012, 02:41 PM   #11
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Quote:
Originally Posted by Muffins View Post
From the sounds of it, Obama just used this as a political stunt to blame the republicans for something to make himself look better.
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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Old 01-18-2012, 02:42 PM   #12
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Time to learn to love the Yuan.
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Old 01-18-2012, 02:42 PM   #13
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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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Old 01-18-2012, 02:44 PM   #14
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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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Old 01-18-2012, 02:47 PM   #15
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Quote:
Originally Posted by CaptainCrunch View Post
How much money did they pay the first time.

The tempting thought is to tell them to pound sand and go West.
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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Old 01-18-2012, 02:48 PM   #16
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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...
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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Old 01-18-2012, 02:49 PM   #17
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Northern Gateway wont break ground by 2016. Litigation will see to that.
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Old 01-18-2012, 02:49 PM   #18
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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.
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Old 01-18-2012, 02:51 PM   #19
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Quote:
Originally Posted by Tinordi View Post
Keystone likely to creative 400 - 1200 jobs.

Give your head a shake if you think this is about jobs and the economy.
In the States or Canada?
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Old 01-18-2012, 02:52 PM   #20
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Quote:
Originally Posted by Muffins View Post
From the sounds of it, Obama just used this as a political stunt to blame the republicans for something to make himself look better.
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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