Oil Transported Through Keystone Will Be Consumed in the US

[Toro]

It won't be exported, according to the CEO of TransCanada Pipelines.

It certainly seems illogical that an oil pipeline should be elevated to the level of friction now represented by the Keystone XL project. But through one means or another, the project has become a source of real conflict. On Wednesday the CEO of TransCanada Corp. came pretty close to calling the President of the United States a liar. Russ Girling said that “the notion that this oil is going to get exported is pure fabrication by those that are opposed to our project.”

Later, he added: “It’s very highly unlikely that any of this crude leaves North America.”

The timing was important, because Mr. Obama made those very allegations just last week. The pipeline, he said was merely “providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.” He was parroting the latest line in the war against Keystone mounted by U.S. environmentalists, which portrays Canada as a nefarious purveyor of dirty oil, with plans to send shipments across the pristine U.S. to ships in the Gulf, which will immediately transport it to China.

In reality, TransCanada doesn’t own the oil, it just ships it for the oil companies. It gets sent to a refining hub in Texas, which turns it into gasoline. The refiners say less than 10% of the gasoline they refine gets exported. If the refiners did decide, illogically, to export it all, they would have to ship in other oil from Venezuela or elsewhere to replace it, which makes no sense at all. The U.S. State Department, which has assessed Keystone to death, found that pipelines have no impact on U.S. exports, and that Alberta’s oil is likely to stay in the U.S.

The National Post

 

[Mr. H.]

Don't try facts on Liberals and enviro-nuts. It just doesn't work.

The lies have been made by the President and carried aloft by the media. It's an undone deal for now.

 

[Synthaholic]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

 

[The Rabbi]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Because that "vast amount" comes from the likes of Rachel Maddow and Ed Schultz.
It doesnt matter. The oil will be sold to highest bidder for the most money. The way things should work.

 

[Mr. H.]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

I'm disappointed in you.

Why don't you review the EIA website and educate yourself on the actual import/export statistics for both crude and refined products.

Really, don't be such a twit.

 

[Luddly Neddite]

This makes no sense at all.

Why would we want oil we can't use over our own oil that is immediately usable?

Why would we want unusable oil when President Obama has issued more drilling permits than any other prez in the past?

 

[The Rabbi]

This makes no sense at all.

Why would we want oil we can't use over our own oil that is immediately usable?

Why would we want unusable oil when President Obama has issued more drilling permits than any other prez in the past?

I am unclear on what oil is "unusable". Please explain, if you can.

 

[Mr. H.]

This makes no sense at all.

Why would we want oil we can't use over our own oil that is immediately usable?

Why would we want unusable oil when President Obama has issued more drilling permits than any other prez in the past?

I will also refer you to the EIA website.
Dang you two are daft.

 

[william the wie]

It won't be exported, according to the CEO of TransCanada Pipelines.

It certainly seems illogical that an oil pipeline should be elevated to the level of friction now represented by the Keystone XL project. But through one means or another, the project has become a source of real conflict. On Wednesday the CEO of TransCanada Corp. came pretty close to calling the President of the United States a liar. Russ Girling said that “the notion that this oil is going to get exported is pure fabrication by those that are opposed to our project.”

Later, he added: “It’s very highly unlikely that any of this crude leaves North America.”

The timing was important, because Mr. Obama made those very allegations just last week. The pipeline, he said was merely “providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.” He was parroting the latest line in the war against Keystone mounted by U.S. environmentalists, which portrays Canada as a nefarious purveyor of dirty oil, with plans to send shipments across the pristine U.S. to ships in the Gulf, which will immediately transport it to China.

In reality, TransCanada doesn’t own the oil, it just ships it for the oil companies. It gets sent to a refining hub in Texas, which turns it into gasoline. The refiners say less than 10% of the gasoline they refine gets exported. If the refiners did decide, illogically, to export it all, they would have to ship in other oil from Venezuela or elsewhere to replace it, which makes no sense at all. The U.S. State Department, which has assessed Keystone to death, found that pipelines have no impact on U.S. exports, and that Alberta’s oil is likely to stay in the U.S.

The National Post

I disagree om two points not covered by the OP, which I agree with so far as it goes:

The way BP has poisoned the well on oil projects is being ignored.

Pipeline projects for high marginal cost crude during a crude bear market ain't going to be easy to sell.

Keystone could be the oil equivalent of orgasm and it would still sink like a rock

 

[Papageorgio]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Are you still believing Obama will be the most transparent administration ever? Are you still believing Obama will close Gitmo? Are you still believing that Obama all the other lies Obama has told you?

 

[Synthaholic]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Because that "vast amount" comes from the likes of Rachel Maddow and Ed Schultz.
It doesnt matter. The oil will be sold to highest bidder for the most money. The way things should work.

So you're advocating that Canada gets to transport their oil through our country, then turn around and charge us more than anyone else is willing to pay (the highest bidder) to purchase it?

 

[Synthaholic]

Dang you two are daft.

 

[The Rabbi]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Because that "vast amount" comes from the likes of Rachel Maddow and Ed Schultz.
It doesnt matter. The oil will be sold to highest bidder for the most money. The way things should work.

So you're advocating that Canada gets to transport their oil through our country, then turn around and charge us more than anyone else is willing to pay (the highest bidder) to purchase it?

Please explain what's wrong with that.

 

[Synthaholic]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Because that "vast amount" comes from the likes of Rachel Maddow and Ed Schultz.
It doesnt matter. The oil will be sold to highest bidder for the most money. The way things should work.

So you're advocating that Canada gets to transport their oil through our country, then turn around and charge us more than anyone else is willing to pay (the highest bidder) to purchase it?

Please explain what's wrong with that.

What are we charging them to transport across America?

 

[thereisnospoon]

It won't be exported, according to the CEO of TransCanada Pipelines.

It certainly seems illogical that an oil pipeline should be elevated to the level of friction now represented by the Keystone XL project. But through one means or another, the project has become a source of real conflict. On Wednesday the CEO of TransCanada Corp. came pretty close to calling the President of the United States a liar. Russ Girling said that “the notion that this oil is going to get exported is pure fabrication by those that are opposed to our project.”

Later, he added: “It’s very highly unlikely that any of this crude leaves North America.”

The timing was important, because Mr. Obama made those very allegations just last week. The pipeline, he said was merely “providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.” He was parroting the latest line in the war against Keystone mounted by U.S. environmentalists, which portrays Canada as a nefarious purveyor of dirty oil, with plans to send shipments across the pristine U.S. to ships in the Gulf, which will immediately transport it to China.

In reality, TransCanada doesn’t own the oil, it just ships it for the oil companies. It gets sent to a refining hub in Texas, which turns it into gasoline. The refiners say less than 10% of the gasoline they refine gets exported. If the refiners did decide, illogically, to export it all, they would have to ship in other oil from Venezuela or elsewhere to replace it, which makes no sense at all. The U.S. State Department, which has assessed Keystone to death, found that pipelines have no impact on U.S. exports, and that Alberta’s oil is likely to stay in the U.S.

The National Post

In denying approval to Ketystone XL, Obama does two things.
One, he gets to leave his pro green energy legacy intact. Of course not even considering the country as a whole
Two, he gets to pander to the environmentalist voting bloc.

 

[thereisnospoon]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Of course you would. You're an Obama sycophant.

 

[Synthaholic]

It won't be exported, according to the CEO of TransCanada Pipelines.

It certainly seems illogical that an oil pipeline should be elevated to the level of friction now represented by the Keystone XL project. But through one means or another, the project has become a source of real conflict. On Wednesday the CEO of TransCanada Corp. came pretty close to calling the President of the United States a liar. Russ Girling said that “the notion that this oil is going to get exported is pure fabrication by those that are opposed to our project.”

Later, he added: “It’s very highly unlikely that any of this crude leaves North America.”

The timing was important, because Mr. Obama made those very allegations just last week. The pipeline, he said was merely “providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.” He was parroting the latest line in the war against Keystone mounted by U.S. environmentalists, which portrays Canada as a nefarious purveyor of dirty oil, with plans to send shipments across the pristine U.S. to ships in the Gulf, which will immediately transport it to China.

In reality, TransCanada doesn’t own the oil, it just ships it for the oil companies. It gets sent to a refining hub in Texas, which turns it into gasoline. The refiners say less than 10% of the gasoline they refine gets exported. If the refiners did decide, illogically, to export it all, they would have to ship in other oil from Venezuela or elsewhere to replace it, which makes no sense at all. The U.S. State Department, which has assessed Keystone to death, found that pipelines have no impact on U.S. exports, and that Alberta’s oil is likely to stay in the U.S.

The National Post

In denying approval to Ketystone XL, Obama does two things.
One, he gets to leave his pro green energy legacy intact. Of course not even considering the country as a whole
Two, he gets to pander to the environmentalist voting bloc.

He hasn't denied anything. Get your facts straight.

He has repeatedly said that he would let the process play out. That means waiting for Nebraska, the EPA, the Native Tribes, etc. to satisfy their concerns.

THEN he'll deny it!

 

[Synthaholic]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

Of course you would. You're an Obama sycophant.

No, I'm an America Sycophant.

 

[thereisnospoon]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

I'm disappointed in you.

Why don't you review the EIA website and educate yourself on the actual import/export statistics for both crude and refined products.

Really, don't be such a twit.

He believes Obama because he must toe the liberal line.

 

[Synthaholic]

I'll believe the vast amounts of reports saying the same thing President Obama is saying over the self-serving, lone comment from an oil corporation executive, thank you very much.

I'm disappointed in you.

Why don't you review the EIA website and educate yourself on the actual import/export statistics for both crude and refined products.

Really, don't be such a twit.

He believes Obama because he must toe the liberal line.

Toe it? It's in my rear view mirror!