cheap gas nail in the coffin of KXL?

[Dot Com]

Cheap gas is not good news for those who worry about climate change - LA Times
(snip)

For Keystone backers, though, the situation may be more dire. Next month, when Republicans take full control of Congress, there will probably be veto-proof majorities in both houses that can force the Obama administration to finally approve the pipeline project that would carry oil from Alberta’s tar sands to Gulf Coast refineries and ports. However, hosannas are not echoing through the oil industry just yet. Oil industry experts are saying low gas prices may have made the pipeline financially untenable.

Extracting the tar sands oil through hydraulic fracking is not a cheap process and, with oil selling at a five-year low, what once looked like a money-making venture now seems, at best, a break-even deal. One Texas-based energy analyst told the Los Angeles Times, “The economics of this project are becoming increasingly borderline.”

praise the sky pixie of your choice if that pipeline is abandoned. Tarsands are the worst.

 

[LA RAM FAN]

true enough,its possible thats WHY it is so low now because of how that can happen,not saying it is but you the elite are up to something i guarantee.

 

[Pogo]

I think it's pretty clear that the Kenyan Muslim Marxist dictator talked to some A-rabs at the mosque and ordered them to keep production up as a way to strangle the glorious people's pipeline without getting his own hands dirty. He thought it would drive gas prices up, because he's a gay atheist.

As compensation he gave them the concession to make the brown shirts (made of desert sands) that we're all gonna be wearing as soon as the FEMA camps are built with white slave labor, as soon as the brain chip implants are ready. Sony's making those. They're made out of all the melted-down guns he's taken away.

Hope Alex Jones doesn't read this forum....

 

[Moonglow]

Can't trust rich folks, no matter where they live...

 

[Moonglow]

With the gas savings I can buy more pot!

 

[Dot Com]

I think it's pretty clear that the Kenyan Muslim Marxist dictator talked to some A-rabs at the mosque and ordered them to keep production up as a way to strangle the glorious people's pipeline without getting his own hands dirty. He thought it would drive gas prices up, because he's a gay atheist.

As compensation he gave them the concession to make the brown shirts (made of desert sands) that we're all gonna be wearing as soon as the FEMA camps are built with white slave labor, as soon as the brain chip implants are ready. Sony's making those. They're made out of all the melted-down guns he's taken away.

Hope Alex Jones doesn't read this forum....

^ that CrusaderFrank

 

[RGR]

Cheap gas is not good news for those who worry about climate change - LA Times

The construction of Keystone XL has nothing to do with climate change. It is a pipeline.

 

[Toro]

No.

 

[Dot Com]

huh? maple syrup, hockey, LaBatts Toro

 

[CrusaderFrank]

Climate change?

How will the AGWCult stop the climate from ever changing?

 

[Dot Com]

well thought out reply Frank1400PennAve.

 

[Spare_change]

I think most people underestimate the impact of fracking, and the Keystone pipeline, on the price of oil. It isn't a coincidence that Saudi Arabia has increased its oil production at a time when both of these issues come up. US-developed oil will threaten the Middle East stranglehold on oil prices.

Their goal is to have the oil prices as high as possible without motivating alternative energy and oil production efforts. Until fracking, tar sands, and the pipeline, the US was totally at their mercy. Now that we have alternatives, they have to adjust their prices to keep us committed to them.

 

[Toro]

The American people still support Keystone.

November 12, 2014 American enthusiasm for fracking and the Keystone XL pipeline is waning, according to a survey released Wednesday by the Pew Research Center.

Keystone XL, which would bring crude from Canadian oil sands to Gulf Coast refineries, still enjoys majority favor, with 59 percent of respondents telling Pew they support its construction. But that's a drop from Pew's survey in March of 2013—when 66 percent of Americans said they wanted to see the pipeline built.

The partisan split over the pipeline has also intensified. Just 43 percent of Democrats currently favor construction, compared with a 54 percent majority in 2013. Among Republicans, 83 percent now support Keystone XL, a poll result that is nearly identical to the 2013 survey.

Poll U.S. Support Slipping for Fracking Keystone - NationalJournal.com

 

[Dot Com]

President gave a presser and addressed KXL, among other issues, and said it basically had nominal impact on gas prices AND few permanent jobs. Add to that the gigantic downside of mining and processing tar sands and its a no-brainer.

http://aol.it/1wVh7TE

 

[RGR]

I think most people underestimate the impact of fracking, and the Keystone pipeline, on the price of oil. It isn't a coincidence that Saudi Arabia has increased its oil production at a time when both of these issues come up.

Learning please. Hydraulic fracturing started in the late 40's, how many OTHER price swings related to Econ101 do you want to blame on an industry completion procedure that has been around longer than you have probably been alive?

Saudi Arabia increasing its production isn't the issue because I don't believe they have, the production has been coming from elsewhere. Saudi Arabia has decided to NOT produce LESS, which is an entirely different thing. Discounted pricing for their favorite customers certainly was mixed in here as well.

US-developed oil will threaten the Middle East stranglehold on oil prices.

There is no stranglehold. There is just one swing producer, and isn't the world's largest producer of oil at the price margin.

Their goal is to have the oil prices as high as possible without motivating alternative energy and oil production efforts.

Says who? According to the local solar advertisers around here, solar has already achieved grid parity, so you are saying the Saudi's are already too late, and they know it as well. Alternatives aren't there main issue, competition from Iraq and Russia is.

Until fracking, tar sands, and the pipeline, the US was totally at their mercy. Now that we have alternatives, they have to adjust their prices to keep us committed to them.

More lack of historical knowledge. The US was the world's swing producer until around 1970, so no, for very long periods of time we weren't at their mercy. The cartel is infamously sloppy in its enforcement of quotes among members, which is why there is only one country to worry about, and they have proven to be quite helpful to us in the past...breaking the USSR through reduced oil prices happening to be one of them.

 

[RGR]

The American people still support Keystone.

Since when do THEY matter when there is business to be conducted? Americans believe all kinds of crazy things.

 

[Spare_change]

President gave a presser and addressed KXL, among other issues, and said it basically had nominal impact on gas prices AND few permanent jobs. Add to that the gigantic downside of mining and processing tar sands and its a no-brainer.

http://aol.it/1wVh7TE

"If you like your doctor, you can keep your doctor."

 

[KissMy]

Until this year there was no price differential between North Dakota oil & WTI benchmark crude oil price. This means there was no need for Keystone XL. Canada's tar sands are to expensive to produce & can't compete against cleaner $25/barrel Utah oil sands. This means there is no economic reason for government to steal land from US citizens & give it to foreigners to build their pipeline on it. Big republican government & big business will go ahead & confiscate our land anyway, because they already control the voters minds. Anyone who votes based on what the media has convinced them is true is a total idiot.

 

[ABikerSailor]

Keystone isn't going to do ANYTHING that the GOP has said it will. It is Canadian oil that will be pumped to refineries in Texas and shipped out to the global market.

Why are the Republicans so hell bent on legislating in favor of a FOREIGN CORPORATION.

And............considering that the pipeline still needs to be constructed, it won't have any appreciable effect on oil prices for at least another 3 to 5 years. As far as the "thousands of jobs" that it will create, yet another lie. Yes, there will be lots of construction jobs, but they are only TEMPORARY. Actual number of permanent jobs created is going to be less than 50.

Not only that..............but a lot of that pipeline will go DIRECTLY over the Ogallala Aquifer, which supplies almost all of the drinking water and irrigation for the entire Midwest, and the oil that will be pumped through that line actually sinks in water.

Nope................I hope that Keystone NEVER gets built. It won't do much for the economy, won't do anything for gas prices, and gives a lot of profits to foreign corporations.

 

[HenryBHough]

Keystone won't be built.

Exploration will stop.

Fracking will be outlawed.

Then when re-starting anything at all is made impossible by EPA edict the Saudis will be able to put the price of oil back where they want.

It's about market share and undercutting sufficiently as to put the competition out of business.

Took 'em long enough to figure that out.......