After All The Delays, Suddenly Sec. Kerry Wants A Decision On Keystone XL? . . .
. . . Canadians Now Looking To Atlantic & Indian Markets After Endless Delays In US
According to Reuters, “U.S. Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. . . . While Kerry said he would like a quick decision on the project, he gave no hint as to when that would come. ‘I certainly want to do it sooner rather than later but I can't tell you the precise date,’ Kerry told a joint news conference with Canadian Foreign Minister John Baird.”
This is an amazing statement from the Secretary of State given what Reuters writes in the second paragraph: “TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on Texas' Gulf Coast.”
The Obama administration has stalled and delayed the Keystone XL pipeline for more than six years now. Every time the president was faced with having to make a choice on approving or rejecting the pipeline’s permit, he’s avoided making a decision by giving excuses, asking for ever more studies, or trying to push a decision until after an election.
This pipeline should have been an easy choice years ago. “Support for [the] Keystone XL pipeline is almost universal,” as The Washington Post wrote in a headline over the summer. Unions have long urged its approval as a job creating project. The administration’s delays continue to harm our relations with our key allies in Canada and have been blasted by newspapers as “embarrassing” and union leaders as a “gutless move.”
Reuters points out, “The delay has pushed up the cost of the line, which would run from Hardisty, Alberta, to near Houston. The company said last month that Keystone XL's original $5.4 billion estimate is likely half of what it will now cost to build the pipeline.”
And the Canadians are fed up with waiting. Previously Prime Minister Stephen Harper had discussed the possibility of building a pipeline west to the Pacific instead of south through the United States. As reported previously, Bloomberg News reported that Canada is considering a pipeline east to the Atlantic in lieu of Keystone XL.
“How about an all-Canadian route to liberate that oil sands crude from Alberta’s isolation and America’s fickleness? . . . Its end point, a refinery in Saint John, New Brunswick . . . would give Canada’s oil-sands crude supertanker access to the same Louisiana and Texas refineries Keystone was meant to supply. . . . Saint John provides among the fastest shipping times to India of any oil port in North America. Indian companies, having already sampled this crude, are interested in more.”
Bloomberg News notes, “[I]f this end run around the Keystone holdup comes to fruition, it would give a lift to Canadian oil and government interests who feel they’re being played by Obama as he sweeps aside a long understood ‘special relationship’ between the world’s two biggest trading partners to score political points with environmental supporters at home.”
Recalling what Senate Republican Leader Mitch McConnell said the last time the Obama administration delayed Keystone XL, “It is crystal clear that the Obama administration is simply not serious about American energy and American jobs. . . . At a time of high unemployment in the Obama economy, it’s a shame that the administration has delayed the construction of the Keystone XL pipeline for years. Here’s the single greatest shovel-ready project in America - one that could create thousands of jobs right away - but the President simply isn’t interested. Apparently radical activists carry more weight than Americans desperate to get back on the job.”
As U.S Chamber of Commerce policy advocate Dean Hackbarth said in an ARRA News Service article:
It’s obvious that Canada will get oil to hungry global markets anyway it can. It continues making the case for the Keystone XL pipeline because it's a valuable conduit, but at the same time, it’s not waiting for a decision by the President.
The fact of the matter is while Canada continues developing and transporting its oil, America is losing out on the jobs, economic growth, and local tax revenue that would be generated by the Keystone XL pipeline.
Pipeline opponents are so rigidly fixed to their anti-energy ideology that they reject the economics and science surrounding the pipeline. Facts don’t matter to them. President Obama should ignore their hysteria and approve the Keystone XL pipeline. With the Canadians having already shown their willingness to shuffle the their decision on the pipeline that will be carrying their product, it will be interesting to see if Secretary of State John Kerry can repair the damage done to our relations with Canadian by getting the President to approve the Keystone XL Pipeline. India has the money and is willing to make life easier for Canadians cutting the U.S. and thus potential American jobs out of the deal.
Tags: Canada, Keystone XL Pipeline, alternate pipeline, Canadian route, India, Indian markets, John Kerry, Secretary of State, President Obama, blocking jobs To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
According to Reuters, “U.S. Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. . . . While Kerry said he would like a quick decision on the project, he gave no hint as to when that would come. ‘I certainly want to do it sooner rather than later but I can't tell you the precise date,’ Kerry told a joint news conference with Canadian Foreign Minister John Baird.”
This is an amazing statement from the Secretary of State given what Reuters writes in the second paragraph: “TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on Texas' Gulf Coast.”
The Obama administration has stalled and delayed the Keystone XL pipeline for more than six years now. Every time the president was faced with having to make a choice on approving or rejecting the pipeline’s permit, he’s avoided making a decision by giving excuses, asking for ever more studies, or trying to push a decision until after an election.
This pipeline should have been an easy choice years ago. “Support for [the] Keystone XL pipeline is almost universal,” as The Washington Post wrote in a headline over the summer. Unions have long urged its approval as a job creating project. The administration’s delays continue to harm our relations with our key allies in Canada and have been blasted by newspapers as “embarrassing” and union leaders as a “gutless move.”
Reuters points out, “The delay has pushed up the cost of the line, which would run from Hardisty, Alberta, to near Houston. The company said last month that Keystone XL's original $5.4 billion estimate is likely half of what it will now cost to build the pipeline.”
And the Canadians are fed up with waiting. Previously Prime Minister Stephen Harper had discussed the possibility of building a pipeline west to the Pacific instead of south through the United States. As reported previously, Bloomberg News reported that Canada is considering a pipeline east to the Atlantic in lieu of Keystone XL.
“How about an all-Canadian route to liberate that oil sands crude from Alberta’s isolation and America’s fickleness? . . . Its end point, a refinery in Saint John, New Brunswick . . . would give Canada’s oil-sands crude supertanker access to the same Louisiana and Texas refineries Keystone was meant to supply. . . . Saint John provides among the fastest shipping times to India of any oil port in North America. Indian companies, having already sampled this crude, are interested in more.”
Bloomberg News notes, “[I]f this end run around the Keystone holdup comes to fruition, it would give a lift to Canadian oil and government interests who feel they’re being played by Obama as he sweeps aside a long understood ‘special relationship’ between the world’s two biggest trading partners to score political points with environmental supporters at home.”
Recalling what Senate Republican Leader Mitch McConnell said the last time the Obama administration delayed Keystone XL, “It is crystal clear that the Obama administration is simply not serious about American energy and American jobs. . . . At a time of high unemployment in the Obama economy, it’s a shame that the administration has delayed the construction of the Keystone XL pipeline for years. Here’s the single greatest shovel-ready project in America - one that could create thousands of jobs right away - but the President simply isn’t interested. Apparently radical activists carry more weight than Americans desperate to get back on the job.”
As U.S Chamber of Commerce policy advocate Dean Hackbarth said in an ARRA News Service article:
The fact of the matter is while Canada continues developing and transporting its oil, America is losing out on the jobs, economic growth, and local tax revenue that would be generated by the Keystone XL pipeline.
Pipeline opponents are so rigidly fixed to their anti-energy ideology that they reject the economics and science surrounding the pipeline. Facts don’t matter to them. President Obama should ignore their hysteria and approve the Keystone XL pipeline.
Tags: Canada, Keystone XL Pipeline, alternate pipeline, Canadian route, India, Indian markets, John Kerry, Secretary of State, President Obama, blocking jobs To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
0 Comments:
Post a Comment
<< Home