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originally posted by: Xcathdra
a reply to: Indigo5
and the GOP announced they will try a veto override. Considering the fact it was a Bi Partisan bill I don't think there will be an issue getting enough votes from both sides to override.
Should get interesting.
originally posted by: nwtrucker
a reply to: Gryphon66
Actually, the evidence is pipelines are safer than rail transportation.
Arguing the jobs would be short-lived is spin. Pipelines are being built around the country as we speak. The issue is politically based...support of Buffet's BNSF railroad.
The real question is whether the next step, an override of that veto, is in the works and if there is a chance that occurs.
Even the unions support the GOP on this one...Obama stands alone.
An NBC News/Wall Street Journal survey released Tuesday shows that 41 percent favor construction of the pipeline to bring crude oil from Canadian oil sands to Gulf Coast refineries, while 20 percent oppose it and 37 percent did not know enough to weigh in.
An ABC News/Washington Post poll unveiled Monday, meanwhile, asked whether Congress should pass legislation approving the project or wait until the Obama administration completes its review. Sixty-one percent favored completing the review before deciding, while 34 percent backed authorizing construction now.
originally posted by: Xcathdra
a reply to: Indigo5
and the GOP announced they will try a veto override. Considering the fact it was a Bi Partisan bill I don't think there will be an issue getting enough votes from both sides to override.
Should get interesting.
originally posted by: nwtrucker
a reply to: Gryphon66
Once again you use 'good long term" jobs as if construction jobs aren't "good'? Construction jobs are, by their nature, short term. They are what built this nation, thank you very much, and don't deserve marginalization by you.
originally posted by: nwtrucker
a reply to: Gryphon66
LOL No Obama doesn't stand alone. But his support on it is dwindling. Even significant members of his own party voted for the pipeline-including the unions.
Once again you use 'good long term" jobs as if construction jobs aren't "good'? Construction jobs are, by their nature, short term. They are what built this nation, thank you very much, and don't deserve marginalization by you.
originally posted by: nwtrucker
a reply to: Indigo5
Good points. Yet, pipeline construction is on-going as we speak. Oil pipelines, natural gas pipelines. Repair, replacement and maintaining existing systems. Therefore, the 'industry' is fairly healthy.
Your numbers don't allow for the support side to those construction jobs. Trucking, housing...so on. The spin-off jobs cannot be ignored or discounted.
originally posted by: nwtrucker
a reply to: Krazysh0t
The rest of your post? Sorry, the 'oil barons' have zero interest on how the oil gets to the refineries. Rail or pipeline, they get their money either way.
To a certain extent, TransCanada and rival pipeline operator Enbridge Inc. ENB, -1.49% which has some pipeline-extension projects of its own, should also be part of the equation.
But gains are largely priced in, and analysts caution that the two companies’ stocks already look pricy.
Analysts get more excited about the Canadian oil producers, the ones that would benefit the most as more of the heavy stuff starts to flow south.
Analysts at RBC listed Suncor Energy Inc. SU, +0.23% Canadian Natural Resources Ltd. CNQ, +0.20% MEG Energy Corp. MEG, +2.47% and Baytex Energy Corp. BTE, +0.75% as among their favorites.
Exxon Mobil Corp. XOM, -0.10% would also benefit, as the U.S. oil giant owns most of Imperial Oil and also owns Gulf Coast refineries set up to handle the heavier crude from up north.
Cenovus also owns refineries in Illinois that could process the stuff, Pendill said.
As for the Gulf refiners, he said Phillips 66 PSX, -1.14% and Valero Energy Corp. VLO, -0.86% are the ones best equipped to refine the crude.
originally posted by: Skid Mark
I could go on and on. There have been a lot of leaks. They are not safer.
1. Keystone XL Would Not Reduce Foreign Oil Dependency
2. Keystone XL Would Have Increased Domestic Oil Prices
3. Keystone XL Overstated Number of Jobs to be Created
4. Current Keystone Pipeline Leaked 12 Times in Last Year
5. The Environmental Concerns About Oil Leaks Are Justified
6. Mining Tar Sands Would Worsen Global Warming