MMC
11-10-2011, 04:40 PM
http://news.yahoo.com/exclusive-u-seek-keystone-route-delaying-approval-180333935.html
Reuters – 4 mins 46 secs ago.....
WASHINGTON (Reuters) - The United States said on Thursday it will study a new route for the Keystone XL Canada-to-Texas oil pipeline, delaying any final approval beyond the U.S. 2012 election and sparing U.S. President Barack Obama a politically risky decision during an election year.
The decision was a victory for environmental groups, who say producing oil sands crude emits large amounts of greenhouse gases. It was a blow to TransCanada Corp, which planned to build and operate the conduit.
The State Department said that based on past experience a study of the new route could be completed as early as the first three months of 2013, well past the November 6 2012 U.S. presidential election.
Analysts have said a long delay could kill the pipeline project because it would cause shippers and refiners to look for alternative routes to get Canadian oil sands crude.
The White House denied that the decision to look into a new route was politically motivated.
While the decision may hurt Obama with industry and could allow Republicans to argue that he has cost the nation jobs, it also may shore up his support from environmentalists, an important constituency for Obama and his fellow Democrats.
Charles Ebinger of the Brookings Institution think tank in Washington said the decision would hurt U.S.-Canadian relations at least temporarily given Canada's strong backing for the pipeline and was probably a mixed bag for Obama politically.
"It will set back our relations with Canada -- not irreparably because, of course, we have so many areas of common interest," he said.....snip~
Here is another one.....lets take for granted what the Canadians have that are so many common interests. We already get most of our Oil from Canada. But there is no denying that it will cost jobs. But it is not like the Jobs would have been perm for Americans anyways. Not mass quantity.
Reuters – 4 mins 46 secs ago.....
WASHINGTON (Reuters) - The United States said on Thursday it will study a new route for the Keystone XL Canada-to-Texas oil pipeline, delaying any final approval beyond the U.S. 2012 election and sparing U.S. President Barack Obama a politically risky decision during an election year.
The decision was a victory for environmental groups, who say producing oil sands crude emits large amounts of greenhouse gases. It was a blow to TransCanada Corp, which planned to build and operate the conduit.
The State Department said that based on past experience a study of the new route could be completed as early as the first three months of 2013, well past the November 6 2012 U.S. presidential election.
Analysts have said a long delay could kill the pipeline project because it would cause shippers and refiners to look for alternative routes to get Canadian oil sands crude.
The White House denied that the decision to look into a new route was politically motivated.
While the decision may hurt Obama with industry and could allow Republicans to argue that he has cost the nation jobs, it also may shore up his support from environmentalists, an important constituency for Obama and his fellow Democrats.
Charles Ebinger of the Brookings Institution think tank in Washington said the decision would hurt U.S.-Canadian relations at least temporarily given Canada's strong backing for the pipeline and was probably a mixed bag for Obama politically.
"It will set back our relations with Canada -- not irreparably because, of course, we have so many areas of common interest," he said.....snip~
Here is another one.....lets take for granted what the Canadians have that are so many common interests. We already get most of our Oil from Canada. But there is no denying that it will cost jobs. But it is not like the Jobs would have been perm for Americans anyways. Not mass quantity.