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Penn West Petroleum Ltd. Message Board

  • abwlearn abwlearn Aug 5, 2013 2:51 PM Flag

    Keystone Pipeline Will Prevent Oil Spills: Steve Forbes

    http://finance.yahoo.com/blogs/daily-ticker/keystone-pipeline-prevent-oil-spills-steve-forbes-154255084.html
    The Keystone Pipeline debate is heating up once again- after President Obama called its job-creating abilities into question.

    The pipeline, which would carry 830,000 barrels of crude oil a day between the Canadian Oil Sands and Gulf Coast refineries, has created controversy since it was first proposed in 2008. Those who oppose the pipeline claim that it could be harmful to the environment while those in favor point to its economic potential. Both sides are eagerly awaiting a final ruling on the project from the White House which is expected by the end of the year.

    Related: This is the “Greatest Planetary Crisis That We Face,” Says Sen. Sanders

    “The basic thing,” says Steve Forbes, CEO of Forbes Media and longtime Republican, “is that [President Obama] does not like oil, gas, or coal.”

    Forbes tells The Daily Ticker that the Keystone Pipeline would create at least 20,000 jobs. “If you don’t approve pipelines,” he says, “we’re going to be moving more and more oil on trains which is just begging for accidents.”

    Forbes also believes that the dangers of fracking, or drilling shale rock, are grossly overstated. “[Fracking] does not harm the water, it’s safely done, we’re doing more and more of it and they have yet to cite a disaster.”

    Related: Mark Zuckerberg Makes Enemies of Some Liberal Groups, Supports Keystone Pipeline

    Fracking is a clean, safe energy, says Forbes, and it's also boosting local economies. “Because of fracking Pennsylvania is prospering, towns moving up- areas that had been depressed before. Meanwhile upstate New York looks more and more like East Germany before the wall fell.”

    Sentiment: Buy

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    • It helps out Canadian oil sand companies transport their heavy oil products to Houston, Tx to be refined and then sold to the highest bidder, which won't be the US who is exporting oil as we speak. The US take all the environmental risk and Canadian oil sands co. reap the reward. They won't even buy the latest technology to inform about small leaks before they become large ones.

      Sentiment: Strong Buy

      • 1 Reply to upton1free
      • The XL Pipeline will be the most advanced pipeline in North America, and possibly the World. Meanwhile the US has thousand of miles of garbage old technology pipelines throughout America that is ready ready to pollute the environment at any moment, and you have the audacity to criticize the XL pipeline.... Get Real.. personally the R/R are doing a excellent job in filling in the gaps.

        Sentiment: Strong Buy

 
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