All in the Family featured the curmudgeonly Archie Bunker. Archie was television’s most famous grouch, blunt, blustering, straightforward and untouched by the PC crowd. He was the archetype of the conservative male. Michael desprately tried to reeducate him, but he persisted in his breviloquence.



Looking back at the last 40 years, we realize: ARCHIE WAS RIGHT!

11/09/2015

Whose Interest?

Barrack I HATE AMERICA Obama made an announcement last week rejecting the Keystone Oil Pipeline.

Obama's Rejection Of Keystone Pipeline

The reason White House gave for not finishing the project was:
"The Keystone XL pipeline would not serve the national interest of the United States,"
Notice I said finishing the project, not doing the project.  Several hundred miles of pipe line have been laid.  Millions of dollars of private money have been spent.  The project was waiting on some final sections of pipeline to finish up and connect the Alberta Oil Sands with refineries in Texas, Oklahoma, Illinois and Nebraska.

The project was OK'd some time ago.  This is about finishing a job, not starting one.

How is it that exactly that the; "The Keystone XL pipeline would not serve the national interest of the United States,"?

To answer that we need to answer another question, "What would be the result of finishing the Keystone Pipeline"?

The Pipeline would:
  • Deliver crude oil and other petroleum hydrocarbons from Canada to the United States
  • Pipeline delivery would have a lower marginal cost than trans Atlantic or trans Pacific shipment of crude
  • Pipeline delivery would have a lower marginal cost than rail transport of the same quantity of petroleum hydrocarbons from Canada
  • Pipeline delivery would have less of a environmental impact than other shipment methods
  • Pipeline delivery has a statistically lower chance of a major accidental spill
  • Canada is a trading partner with the US that buys as well as sells products here
  • Trading with Canada doesn't have the political and military encumbrances that trading with various parties in the Middle East does
  • Importing from Canada is more cost effective than importing from other countries, potentially reducing the price of gas at the pump for most Americans.
If Keystone was finished who stands to lose out?
  • Companies that ship oil from the middle east
    • George Soros
  • Companies that ship oil from Canada
    • BNSF-owned in large part by Warren Buffet
  • Companies that currently produce and ship oil in the middle east and their partners
    • The House of Saud
    • HAMAS
    • Halliburton
  • Companies who would have to compete with a lower marginal cost for raw oil products
  • People who want gas to sell for over $8 a gallon in order to make less efficient technologies viable for ideological reasons
  • Those eager for the economic harm of the United States
    • Every member of the Democratic Party
    • Obummer
Those lists are no where near conclusive.  Who stands to win if the pipeline was built?
  • The companies who have invested in it
  • The companies who sell oil and gas products delivered by the pipeline
  • Consumers who would enjoy lower or more stable prices at the pump
  • The recipients of Canadian mineral royalties
"The Keystone XL pipeline would not serve the national interest of the United States,"

Not true, it would serve some Americans and Canadians very well.  The ones most "helped" by marginally less expensive petroleum hydrocarbons are unfortunately not the ones who count in Obama's book.

4 comments:

  1. I bet the investors are waiting till the next administration takes office.

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  2. Susan9:37 AM

    The reason I have seen when this came out is it would hurt Obama's leadership in the global warming movement. He wants to do a massive takedown of our remaining energy resources and lock them down.

    I guess Obama thinks that having the Pope behind him (supposedly) on the subject of GW gives him cachet and credibility somehow. President Stompy foot is going to find out that nobody uses the Vatican and gets away with it for long.

    I do think ajw308 is correct about his thinking. I foresee an explosion of many things suddenly being available if someone like Trump gets into office next year. The takedown of Obama's legacy is going to get ugly. He will publicly fight it, right down to throwing the race card at whomever takes office. You know he will do it.

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  3. Since stopping the project was done by imperial whim, the next guy with a phone and a pen will be able to undo it. I agree that's probably what Trump would do.

    There are some valid reasons to criticize the Keystone project. I'm particularly sensitive to the improper way eminent domain was used to seize property at below market prices to get the routes TransCanada wanted. Its not a perfect project or a cure all for America's energy needs.

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  4. Susan2:47 PM

    Res, have you ever googled the list of Obama's EO's since his tenure started? If you haven't, you are going to be shocked at what you find out.

    There is some bad stuff being set up behind the curtains, first on Valentine's day, 2008 on Bush's ranch in Crawford with Canada, up to Obama's conniving.

    It will make you glad you have your weaponry. Probably will make you want even more.

    ReplyDelete