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Linn Energy, LLC (LINE) Message Board

  • buyguns2day buyguns2day Jan 18, 2013 9:10 PM Flag

    Are Keystone jobs coming or not?

    The White House says no decisions have been made on replacements for any of the environment and energy jobs but says Obama's priorities will remain unchanged.

    One of the first challenges Obama will face is an old problem: whether to approve the Keystone XL oil pipeline from Canada to Texas. Obama blocked the pipeline last year, citing uncertainty over the conduit's route through environmentally sensitive land in Nebraska. Gov. Dave Heineman is considering a new route; he is expected to make a decision next month.

    The State Department has federal jurisdiction because the $7 billion pipeline begins in Canada.

    The pipeline has become a flashpoint in a bitter partisan dispute. Republicans and many business groups say the project would help achieve energy independence for North America and create thousands of jobs.

    But environmental groups have urged Obama to block the pipeline, which they say would transport "dirty oil" from tar sands in western Canada and produce heat-trapping gases that contribute to global warming. They also worry about a possible spill.

    If the pipeline is approved, "the administration would be actively supporting and encouraging the growth of an industry which has demonstrably serious effects on climate," 18 top climate scientists wrote in a letter to Obama this week.

    Obama also faces a choice over whether to promote a boom in oil and natural gas production that has hampered growth of nontraditional energy sources such as wind and solar.

    Sentiment: Strong Buy

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    • So far state governors - nearly all Republicans - have fought off his devious efforts to block domestic energy development and their economies are improving.

    • I believe the republicans are being totally disingenuous about keystone promoting "energy independence". The stated goal of Keystone, by Transcan's own admission, is for access to a coastal export outlet. Canada is not subject to the export restrictions of US producers. But as long as projects like Keystone do not happen, the midwest refiners are going to keep getting rich thanks to cheap canadian oil with nowhere else to go. As an owner of NTI, I'd be happy to see keystone north not be approved and midwest crack spreads stay high

 
LINE
29.02+0.49(+1.72%)Apr 17 4:00 PMEDT

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