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Penn West Petroleum Ltd. Message Board

  • spinergy888 spinergy888 Mar 1, 2013 9:41 PM Flag

    Keystone ABC News More Bullish

    ABC news is Obama public relations team so it is close to a done deal.

    The Obama administration today moved one step closer to approval of the Keystone XL pipeline, concluding in a draft environmental impact statement that the project would not accelerate global greenhouse gas emissions or significantly harm the natural habitats along its route.

    The report, done by the State Department, suggests that the proposed 875-mile pipeline, which would carry 830,000 barrels of crude oil per day from the tar sands of Alberta, Canada, to Steele City, Nebraska, has cleared a significant hurdle on its way to President Obama’s desk for final consideration.

    “The approval or denial of any one crude oil transport project, including this proposed project, really remains unlikely to significantly impact the rate of development of the oil sands or the continued demand for heavy crude oil in the U.S.,” said Kerri-Ann Jones, the Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs.

    The State Department, which conducted the study because the pipeline would cross an international boundary, also suggested in a voluminous report that impacts on air, water and landscape would be minimal.

    The agency found it “very unlikely” that the pipeline would affect water quality in any of the four aquifers through which it crossed. It also concluded that along one part of the proposed route, in the case of a large-scale oil spill, “these impacts would typically be limited to within several hundred feet of the release source, and would not affect groundwater.”

    Government analysts found that Keystone XL would each year produce the equivalent carbon dioxide emissions of 620,000 passenger cars operating for a year. But they concluded that whether or not the pipeline is approved, those emissions would still likely occur because of fuels produced and obtained from other sources.

    Sentiment: Strong Buy

 
PWE
2.33+0.05(+2.19%)Dec 19 4:07 PMEST

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