02-24-2015, 01:44 PM
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#41
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Lifetime Suspension
Join Date: Jul 2012
Location: North America
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@660News: #BREAKING: U-S President Obama has vetoed the #KeyStoneXL pipeline
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02-24-2015, 02:02 PM
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#42
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Franchise Player
Join Date: Sep 2012
Location: SW Calgary
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####ty, but no surprise
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02-24-2015, 02:11 PM
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#43
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Looooooooooooooch
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That's all good, trains are already there and more reliable anyhow.
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02-24-2015, 02:14 PM
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#44
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Franchise Player
Join Date: Oct 2006
Location: Calgary
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With the price of Oil being so low, does this project even matter any more for the next couple years while it is at the level it is?
__________________
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02-24-2015, 02:15 PM
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#45
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First Line Centre
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absolutely
better to build infrastructure with low price environment and have it come on in higher price environment allows for lower construction costs and higher toll fees once complete
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The Following User Says Thank You to MacDaddy77 For This Useful Post:
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02-24-2015, 03:06 PM
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#46
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Franchise Player
Join Date: Jan 2010
Location: east van
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Quote:
Originally Posted by MacDaddy77
absolutely
better to build infrastructure with low price environment and have it come on in higher price environment allows for lower construction costs and higher toll fees once complete
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I'm not sure the price of oil being low means the price of building something related to oil is also low.
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02-24-2015, 03:09 PM
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#47
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First Line Centre
Join Date: Apr 2006
Location: Calgary
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Quote:
Originally Posted by Caged Great
With the price of Oil being so low, does this project even matter any more for the next couple years while it is at the level it is?
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TransCanada planned this project in a $30 oil environment. The price of oil has very little relevance.
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The Following User Says Thank You to Regorium For This Useful Post:
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02-24-2015, 03:27 PM
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#48
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Draft Pick
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I am sure that this will get built in the long run but its nice to see the environment get a win once and a while.
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02-24-2015, 03:30 PM
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#49
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Franchise Player
Join Date: Sep 2012
Location: SW Calgary
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Quote:
Originally Posted by T-Rich
I am sure that this will get built in the long run but its nice to see the environment get a win once and a while.
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Is it though?
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02-24-2015, 03:37 PM
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#50
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Franchise Player
Join Date: Apr 2012
Location: Maryland State House, Annapolis
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I would guess its about 55-45 it eventually gets approved. 2016 elections will pretty much swing it decisively one way or the other so the next few years mean nothing and nothing will get down until after 2016.
__________________
"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
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02-24-2015, 03:39 PM
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#51
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Draft Pick
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Quote:
Originally Posted by btimbit
Is it though?
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Good thing pipelines never leak. EDIT: This was in reference to the linked article about train derailment.
However my comment was referring to climate change, which I consider to be a significantly larger issue than localized oil spills whether they come from a train or a pipeline.
Last edited by T-Rich; 02-24-2015 at 03:41 PM.
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02-24-2015, 03:41 PM
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#52
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Franchise Player
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Quote:
Originally Posted by T-Rich
Good thing pipelines never leak.
However my comment was referring to climate change, which I consider to be a significantly larger issue than localized oil spills whether they come from a train or a pipeline.
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So you think that Keystone not being built is in any way going to affect oil production?
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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02-24-2015, 03:43 PM
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#53
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Franchise Player
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Quote:
Originally Posted by T-Rich
I am sure that this will get built in the long run but its nice to see the environment get a win once and a while.
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Have you read the US EPA report on the enviromental affects of the pipeline.
Once the price of oil reaches roughly $75 per barrel there are no enviromental affects of the pipeline due to increased oil production.
At that point the far safer record of pipelines over rail makes the pipelines the enviormentaly responsible solution.
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02-24-2015, 03:53 PM
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#54
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Draft Pick
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Quote:
Originally Posted by nik-
So you think that Keystone not being built is in any way going to affect oil production?
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Absolutely it will. Do you think that if a company gets a higher price for a good, that doesn't send signals to produce more.
Will it have a significant impact on production, probably not, but it will have some impact.
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02-24-2015, 03:54 PM
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#55
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Franchise Player
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No Oil company is holding production waiting for Keystone.
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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02-24-2015, 04:01 PM
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#56
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Draft Pick
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Quote:
Originally Posted by nik-
No Oil company is holding production waiting for Keystone.
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Not directly, but they will change their production based on the price of oil and since Keystone has the ability to affect the price it has the ability to affect production.
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02-24-2015, 04:22 PM
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#57
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Franchise Player
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Again, you're assuming an oil company is just going to leave money in the ground because one of many possible routes to market is not going to be available. That's a fantasy.
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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02-24-2015, 04:25 PM
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#58
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Franchise Player
Join Date: Sep 2002
Location: I'm right behind you
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Quote:
Originally Posted by T-Rich
I am sure that this will get built in the long run but its nice to see the environment get a win once and a while.
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Yeah, because we know how safe it is to ship petroleum products by train.
__________________
Don't fear me. Trust me.
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02-24-2015, 04:37 PM
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#59
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Franchise Player
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Jesus. Do I have to actually root for Republican politicians to win elections now? I'm going to need more soap.
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02-24-2015, 04:39 PM
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#60
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Looooooooooooooch
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It's funny how in every thread about the energy sector, new users pop up providing endless amounts of *facepalm* moments.
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