Thursday, January 19, 2012 12:54:10 AM
Of course environmentalists in British Columbia were in the way of the Canada coast option, too. No mention of that in this one, but as well as the position that it will not reduce dependence on foreign oil, the inflated American jobs claim for Keystone, the deflated risk of leaks claim, the fact that it's export orientated, also there are the increased costs to American farmers (which, if correct, one would possibly expect the Obama administration to use now) ..
Gas prices: Keystone XL will increase gas prices for Americans
—Especially Farmers
* By draining Midwestern refineries of cheap Canadian crude into export-oriented
refineries in the Gulf Coast, Keystone XL will increase the cost of gas for Americans.
* TransCanada’s 2008 Permit Application states .. http://stopbigoilripoffs.com/documents/keystone-xl-pipeline-application-section-3-supply-and-markets/at_download/file [i was redirected to that link] .. “Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
* Independent analysis .. http://www.startribune.com/opinion/otherviews/117832183.html ..
of these figures found this would increase per-gallon prices by 20 cents/gallon in the Midwest.
* According to an independent analysis .. http://www.startribune.com/opinion/otherviews/117832183.html .. U.S. farmers, who spent $12.4 billion on fuel in 2009 could see expenses rise to $15 billion or higher in 2012 or 2013 if the pipeline goes through. At least $500 million of the added expense would come from the Canadian market manipulation.
and the global warming effect position ..
Climate Change: Keystone XL is the fuse to North America’s biggest carbon bomb.
In a study funded by the Rockefeller Foundation, a group of retired four-star generals and admirals concluded that climate change, if not addressed, will be the greatest threat to national security.
The State Department Environmental Impact Statement fails to adequately analyze lifecycle greenhouse gas (GHG) emissions caused by the pipeline. Extraction and refinement of oil sands are more GHG-intensive compared to conventional oil. The EIS estimates that the additional annual GHG emissions from the proposed pipeline could range from an additional “12-23 million metric tons of CO2 equivalent… (roughly the equivalent of annual emissions from 2 to 4 coal-fired power plants)” over conventional crude oil from the Middle East. The EPA believes that the methodology used by the State Department is inaccurate and could underestimate GHG emissions by as much as 20 percent. Given that the expected lifetime of the Keystone XL pipeline is fifty years, the EPA notes that the project could yield an extra 1.15 billion tons of GHGs using the quantitative estimates in the EIS.
http://www.tarsandsaction.org/spread-the-word/key-facts-keystone-xl/
============== .. there are numbered links in the 2nd bit ..
a tiny contribution on the Canada coast point in this one ..
Oil pipeline from Canada Could Be Election Issue for Obama
But Shawn Howard, a spokesman for Trans Canada, which is building the Keystone project, says the protesters are
misguided if they think that stopping the pipeline will stop the flow of oil from what he calls the "oil sands."
Howard says the oil will flow whether or not the US buys it. In fact, some of it is already being piped to British Columbia.
But he says what would be lost is about 20,000 badly-needed construction and manufacturing jobs, most in the US.
http://www.nationofchange.org/oil-pipeline-canada-could-be-election-issue-obama-1315500041
on opening that link there is an audio which among other things deals mainly with
the fact that the oil sands are about the dirtiest stuff Canada has to offer the US.
Gas prices: Keystone XL will increase gas prices for Americans
—Especially Farmers
* By draining Midwestern refineries of cheap Canadian crude into export-oriented
refineries in the Gulf Coast, Keystone XL will increase the cost of gas for Americans.
* TransCanada’s 2008 Permit Application states .. http://stopbigoilripoffs.com/documents/keystone-xl-pipeline-application-section-3-supply-and-markets/at_download/file [i was redirected to that link] .. “Existing markets for Canadian heavy crude, principally PADD II [U.S. Midwest], are currently oversupplied, resulting in price discounting for Canadian heavy crude oil. Access to the USGC [U.S. Gulf Coast] via the Keystone XL Pipeline is expected to strengthen Canadian crude oil pricing in [the Midwest] by removing this oversupply. This is expected to increase the price of heavy crude to the equivalent cost of imported crude. The resultant increase in the price of heavy crude is estimated to provide an increase in annual revenue to the Canadian producing industry in 2013 of US $2 billion to US $3.9 billion.”
* Independent analysis .. http://www.startribune.com/opinion/otherviews/117832183.html ..
of these figures found this would increase per-gallon prices by 20 cents/gallon in the Midwest.
* According to an independent analysis .. http://www.startribune.com/opinion/otherviews/117832183.html .. U.S. farmers, who spent $12.4 billion on fuel in 2009 could see expenses rise to $15 billion or higher in 2012 or 2013 if the pipeline goes through. At least $500 million of the added expense would come from the Canadian market manipulation.
and the global warming effect position ..
Climate Change: Keystone XL is the fuse to North America’s biggest carbon bomb.
In a study funded by the Rockefeller Foundation, a group of retired four-star generals and admirals concluded that climate change, if not addressed, will be the greatest threat to national security.
The State Department Environmental Impact Statement fails to adequately analyze lifecycle greenhouse gas (GHG) emissions caused by the pipeline. Extraction and refinement of oil sands are more GHG-intensive compared to conventional oil. The EIS estimates that the additional annual GHG emissions from the proposed pipeline could range from an additional “12-23 million metric tons of CO2 equivalent… (roughly the equivalent of annual emissions from 2 to 4 coal-fired power plants)” over conventional crude oil from the Middle East. The EPA believes that the methodology used by the State Department is inaccurate and could underestimate GHG emissions by as much as 20 percent. Given that the expected lifetime of the Keystone XL pipeline is fifty years, the EPA notes that the project could yield an extra 1.15 billion tons of GHGs using the quantitative estimates in the EIS.
http://www.tarsandsaction.org/spread-the-word/key-facts-keystone-xl/
============== .. there are numbered links in the 2nd bit ..
a tiny contribution on the Canada coast point in this one ..
Oil pipeline from Canada Could Be Election Issue for Obama
But Shawn Howard, a spokesman for Trans Canada, which is building the Keystone project, says the protesters are
misguided if they think that stopping the pipeline will stop the flow of oil from what he calls the "oil sands."
Howard says the oil will flow whether or not the US buys it. In fact, some of it is already being piped to British Columbia.
But he says what would be lost is about 20,000 badly-needed construction and manufacturing jobs, most in the US.
http://www.nationofchange.org/oil-pipeline-canada-could-be-election-issue-obama-1315500041
on opening that link there is an audio which among other things deals mainly with
the fact that the oil sands are about the dirtiest stuff Canada has to offer the US.
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
