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Obama Rumored to but cork in Oil Pipeline


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What kind of energy do lefties like?

 

Oil: Nope

Fracking: Nope

Nuke: Nope

Coal: Nope

 

Solar: Yup

Wind: Yup

Some freakish weirdo algae growing monstrosity: Yup

Imaginary cold fusion: Yup

Corn: Yup

Burning garbage: Yup

Star Trek Warp drives: Yup

 

 

Basically if it works, they hate it, if it doesn't they love it. In order to save the world from global warming all humans must die? I have nothing against animals but let's face it mammal farts are causing a big chunk of the gasses that are blamed for fake global warming. I don't want anything to die but before we change out energy sources and kill ourselves how about we kill off all mammals so that humans may live?

 

Somebody is going to burn that Canadian oil. It night as well be us.

Now come on. It would only take 10 % of the total US land mass filled with windmills to give us enough power. Whats wrong with that?

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Read some more on the topic. You'll find out you're wrong.

 

Again, you're conflating ownership of production vs who's likely to be the main buyer. Western firms will control the production and Asians will likely be the main buyers.

 

So what's the difference you may ask?

 

Big. If Canadians don't produce, Chinese will simply buy oil at higher prices from the rogue regimes. So you'll accomplish a double whammy. Western firms lose out on production and revenues, while rogue regimes get propped up by the higher price of oil and a steady buyer.

 

Forward!

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Sorry, I was wrong and you were right.

 

Though, because the pipeline hasn't been approved, China's investment (which, as your article admits in its sources, would have boomed had the pipeline been approved) in the oil sands has backfired, topped off by a leaky pipeline. Ominous foreshadowing perhaps?

 

http://www.wsj.com/articles/how-china-slipped-on-canadas-oil-sands-1437616832

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Sorry, I was wrong and you were right.

 

Though, because the pipeline hasn't been approved, China's investment (which, as your article admits in its sources, would have boomed had the pipeline been approved) in the oil sands has backfired, topped off by a leaky pipeline. Ominous foreshadowing perhaps?

 

http://www.wsj.com/articles/how-china-slipped-on-canadas-oil-sands-1437616832

 

That's probably why the Canadians added new legislation helping ensure something like that wouldn't happen.

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That's probably why the Canadians added new legislation helping ensure something like that wouldn't happen.

 

In the future. The legislation didn't retroactively alter the takeover of Nexen. China invested billions in Nexen because it gave them an overwhelming foothold in Alberta, despite the WP's claims to the contrary.

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rumors are swilling that Obama will end the potential oil pipeline (known as XL) from Canada when congress takes vacation in August.

As a Canadian what appears to have happened is he has chosen the oil from Iran (and the terrorists and enemy of Israel) over his friends from Canada. Well, Canada will then have to build the pipeline to the west coast and sell it to China.

I certainly hope Obama gets his second Nobel Peace prize, (he did nothing for the first) and is remembered fondly when the middle east blackmails the US again, as it most certainly will. (sarc).

You spelled butt wrong in the title to this thread.

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Didn't he veto Keystone XL tail end of last year?

The great irony is that using fossil fuels until they are no longer fiscally advantageous to recover will ultimately lead to alternative energies explosion.

 

It's simple. It's all a matter of economic viability. If it's viable - it will flourish - if not it won't.

 

That's why most of the money being spent on alternative energy sources should not be on the subsidization of projects that aren't viable but much more so on the R & D. You'll get a much better bang for your buck.

Edited by Magox
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