I am thinking this approval / fast-track is ONLY for the Southern Leg.
How much value really, if the Northern leg is not also approved?
But, I will take whatever they will approve, today.
"... The need for pipeline infrastructure is urgent because rising American oil production is outpacing the capacity of pipelines to deliver oil to refineries ..."
Also, there is a severe shortage of refineries.
Maybe, this allows the refineries to make the supply artificially tight?
CNG Autos ?
You are the first person ever to call me a Communist! You are 100% WRONG (ouuuch!) about that. I am , actually , 180 degrees from there!
You extoll the virtues of a "free" world market , yet the result of this approach is driving our economy into the drink!
Something is broken and needs fixed ASAP!
Now a domestic "free" market is a totally different animal and is what I would like to see.
We pump it out HERE , refine it HERE , and consume it HERE........Let US be in control of our destiny , Not the rest of the world. What's wrong with us having our own free market , free from the baggage of concerns about what some 2 bit dictator on the other side of the world thinks or does......?
You yourself say that locked in resources sell cheaper until they hit the Global Market. Let U.S.A. crude , pumped out of the ground for 25.00/bbl. (i think that a high figure) go on the U.S.A Market for 40.00-or-50.00/bbl. and watch the Good Old U.S.A kick the world's Ass economically!
This Nation has at it's disposal a tremendous treasure of natural resources that are the building blocks of economic might. There was a time when this was recognized by TRUE AMERICAN capitalists who were steered by love of country more than greed. They created the greatness of this nation and the jobs that brought our ancestors here to live free and prosper in a booming , free land!! Yes , many became millionaires and billionaires , but they did it in a noble fashion and left us with the greatest nation the world has ever known. Can that be said of today's "Me Generation" Capitalists who would sell to the highest bidder regardless of the cost to Country? Not by a longshot!
Sir , you can fly your flag on the 4th of July. I prefer to wrap mine around me and live and breathe what it represents and love it and cherish it and defend it and die for it if need be! I come from a long line of Patriots.....I AM NO COMMUNIST!!!!!
I say America First , we can be charitable with what's left after WE are taken care of!
Jeff D. you are absolutely correct! Too bad the Pickens Bill got shot down by the Repubs. Kill the pipeline. I don't want oil from Canada or any other foreign country!
This just goes to show you everyone votes their wallet: I own 1500 shares of Valero Energy and want that dirty oil from Canada in Texas where a Valero refinery will refine it then ship it out of the country....Gasoline in France is $10 a gallon
why would we want lower gas prices? i have a lease........ you also can't think very well.
If you are wishing for higher energy prices merely to fill your bank account, you are being very selfish. If prices get much higher, you will see the economy shut down once again. Your kids, your friends, your neighbors will be out of work or struggle to pay their bills.
Businesses will cut back, the country will suffer, people will loose their homes...all so you can fill your bank account. Having a lease on 50 or even 25 acres will be substantial windfall but yet you can't be happy with that.
I would like to see more conversion to nat gas transportation and electrical generation so that gas prices rebound from their record lows. We would make more money while that would drive down the price of crude to reasonable levels. The money that now goes overseas would stay here and create more jobs and strengthen our country immeasurably. But I don't want to see nat gas go to $15/MCF and crude stay above $100/B as that would do severe damage to the country.
Just be grateful that you got a large signing bonus and will make much more when a well or multiple wells are drilled. All of which you never even dreamed about ten years ago.
All I hope for is old fashioned Capitalism with a conscious and sense of nationalism. Pride in Country more so than pride in a bigger pile of Gold! Who was that Roman Emperor who fiddled the night away as Rome burned around him........
Don't be fooled by this guy called Oboma that talks to us like we're third graders. He had nothing to do with the approval of this southern leg. It was already being build. And to stand their and declare how he cut through red tape etc to get this done is despicable.
When that northern leg is announced, I highly recommend buying some Valero stock for yourselves....The profit margins will be very nice indeed.