Fri, Aug 29, 2014, 2:07 PM EDT - U.S. Markets close in 1 hr 53 mins

Recent

% | $
Quotes you view appear here for quick access.

Corning Inc. Message Board

  • pauxboy56 pauxboy56 Jul 28, 2013 9:56 AM Flag

    President O'parasite continues to meddle in Keystone Pipeline progress!

     

    - President Barack Obama called into question the number of jobs that would be created from the controversial Keystone XL pipeline in an interview with the New York Times released on Saturday.

    "Republicans have said that this would be a big jobs generator," Obama said, according to the newspaper.

    "There is no evidence that that's true. The most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline, which might take a year or two, and then after that we're talking about somewhere between 50 and 100 jobs in an economy of 150 million working people."

    TransCanada Corp's proposed pipeline is designed to carry 830,000 barrels of crude oil per day from the Canadian oil sands and the Bakken shale in North Dakota and Montana south to refineries on the U.S. Gulf Coast. It would cost about $5.3 billion to build.

    Obama's administration is under pressure from Republicans and business groups to approve the project because of the economic benefits they say it will bring.

    Environmentalists oppose the project because of the carbon pollution they say it would generate. Carbon emissions are blamed for contributing to global warming.

    The project was first proposed in 2008 but is still making its way through a State Department study process.

    The Times said Obama disputed an argument that the pipeline would bring down gasoline prices. He said it might actually increase prices somewhat in the U.S. Midwest, which would be able to ship more of its oil elsewhere in the world, the paper reported.

    Obama said in June the project would serve U.S. interests only if it did not "significantly exacerbate" carbon pollution. The Times quoted him as saying that Canada could potentially be doing more to "mitigate carbon release."

    O'parasite continues to bloviate about things he knows nothing about!

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • when government numbers come out, he is not concerned especially on unemployment. No mention of those who have had their benefits run our or stopped looking, but number to stop jobs he is interested. Coal West Virginia learned that lesson. Even Bernanke said after the election that Obama's policies do not support a recovery. This guy is nothing about bipartisan or jobs he ran on Social Change for blacks and homosexuals.

    • Those nasty Canadians

      Study: KXL Pipeline Would Raise U.S. Gas Prices

      Posted: 26 Jul 2013 07:00 PM PDT

      Consumer Watchdog, a nationally recognized nonprofit consumer group, has reviewed corporate, industry and government data and found that pipeline developers and the Canadian government intend to use the controversial Keystone XL pipeline to raise the price of Canadian tar sands oil on the global market by shipping oil directly to the Gulf. This would raise U.S. gas prices in the Midwest by up to 40 cents a gallon.

      “Keystone XL is not an economic benefit to Americans who will see higher gas prices and bear all the risks of the pipeline,” said report author Judy Dugan. “The pipeline is being built through America, but not for Americans.”

      Key findings from the report:

      - Drivers, especially in the Midwest, would pay 20 cents to 40 cents more at the pump if the disputed pipeline were built, as the current discount of up to $30 a barrel for Canadian oil disappears.

      - The true goal of multinational oil companies and Canadian politicians backing the pipeline is to reach export outlets outside the U.S. for tar sands oil and refined fuels, which would drive up the oil’s price.

      - With U.S. oil production rising fast, any “energy security” benefit for the U.S. would vanish as American oil output exceeds that of Saudi Arabia in about 2020, according to the International Energy Agency.

      Tell President Obama to stop this oil industry cash machine

 
GLW
20.8103+0.2403(+1.17%)2:07 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.