HUGE oil pipeline into USA-Will Obama approve
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HUGE oil pipeline into USA-Will Obama approve

  1. #1
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    Default HUGE oil pipeline into USA-Will Obama approve

    With what is going on in the middle east, this should be a no brainer. but.......


    Harper presses Obama to approve Keystone oilsands pipeline

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    Senior Member SoldHondaBoughtHondo's Avatar
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    Ah..'no brainer' that would be bo bo, right?
    Much better to hook up with Canada than any other country that i can think of.
    They have a stable government, comparable standard of living.....
    Bo bo wont go for it, and he will have the stupidest reason...
    Like 'oh my no, what happens if it leaks"......
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    Marine Organism Forkin' Crazy's Avatar
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    Oh no! We can't do this!!! It will kill all the electric and hybrid car sales!!!
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    Huntington Beach Havasu TCHB's Avatar
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    Who will buy? Another Country?
    In the process, BP will reshape California's energy landscape, where Arco for decades has vied with Chevron Corp. for the top spot in fuel retailing and refining.
    "They are selling their 800-pound gorilla," said Charles Langley, senior gasoline analyst at the Utility Consumers Action Network in San Diego. "It will be interesting to see who regulators will allow to buy it because there are almost no current players in the California refining market who could buy it without dominating the market completely."
    At the 630-acre Carson refinery, about 1,200 employees and 500 contractors process 265,000 barrels of oil a day into gasoline, diesel, jet fuel and petroleum coke, supplying about 25% of Los Angeles' gasoline demand, said BP, which bought Arco in 2000. The refinery also supplies Arizona and Nevada.
    BP said it expected to get at least $4.4 billion for the refineries, which represent about 28% of its global refining capacity, and the Los Angeles marketing operations. Sales are anticipated to be wrapped up by the end of 2012, the company said.
    Langley expressed concern about what the planned sale would mean for motorists.
    "Only if we get a new player buying this refinery could it be good for consumers," he said. "We used to have 21 refineries. Now we have 10 refineries owned by seven companies, and we've already seen consolidation that is anticompetitive."
    Also Tuesday, BP posted a 30% increase in fourth-quarter profit to $5.57 billion and said it would resume paying a quarterly dividend, which the British energy company had suspended after the gulf disaster. At 7 cents a share, the dividend for the fourth quarter is half the old dividend, but the company said it intended to boost the payout as finances improved.
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    Senior Member SBjet's Avatar
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    Hmm, if the oil company wants it and will pay for it, no brainer, approve it.
    Does it need to go all the way to TX, when we are drilling for oil in the Gulf, and already have wells in TX?
    Isn't it safer than transport any other way, esp by ship. A pipeline has valves, right? You can close them if there is a spill.
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    Come on now... Paid for by the oil company, double the oil already coming from Canada and put 342,000 people to work?

    Theres no way he will approve it, it would do to much for the USA!

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    The bigger story in the Obama and Harper meeting last Friday is the North America Security Perimeter.

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    I doubt it gets approved as that would improve our country.
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    Senior Member Lumpy's Avatar
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    I doubt O will approve it but......considering how long the U.S. has paid for an umbrella of defense over Canada for several decades, I would think we deserve a discount on the oil if it does get here.

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    Default You're kidding, right?

    What in the world will Soros do with all that Brazilian oil if we could actually buy enough North American oil? Soros has invested 2 BILLION in Brazilian oil developement, and obama is pretty much at his beck and call....Why do you think obama shut down the Gulf, twice, even after a Federal Judge said he couldn't?....
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    Quote Originally Posted by SBjet View Post
    Hmm, if the oil company wants it and will pay for it, no brainer, approve it.
    Does it need to go all the way to TX, when we are drilling for oil in the Gulf, and already have wells in TX?
    Isn't it safer than transport any other way, esp by ship. A pipeline has valves, right? You can close them if there is a spill.
    Aren't most of the refineries in TX??
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    Huntington Beach Havasu TCHB's Avatar
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    There is a huge refinery up in the bay area of California. I am not sure how big it is but it looks much bigger than the Carson Arco site.

  14. #13
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    Quote Originally Posted by TCHB View Post
    There is a huge refinery up in the bay area of California. I am not sure how big it is but it looks much bigger than the Carson Arco site.
    This is true. Seems crazy to run a pipeline all the way to TX

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    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by Moneypit View Post
    What in the world will Soros do with all that Brazilian oil if we could actually buy enough North American oil? Soros has invested 2 BILLION in Brazilian oil developement, and obama is pretty much at his beck and call....Why do you think obama shut down the Gulf, twice, even after a Federal Judge said he couldn't?....
    Ray
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    Quote Originally Posted by TCHB View Post
    There is a huge refinery up in the bay area of California. I am not sure how big it is but it looks much bigger than the Carson Arco site.
    Quote Originally Posted by Ultra26 # 1 View Post
    This is true. Seems crazy to run a pipeline all the way to TX
    Um TAXES!! Same reason any domestic, or international, endeavor would spend more to avoid dealing in CA. Think LONG TERM costs and returns.
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