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The Manitowoc Company, Inc. Message Board

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  • rdietsche34 rdietsche34 Jan 19, 2012 2:06 PM Flag

    OT-but fwiw...Obama rejects Keystone Pipeline

    At least we have a President that makes studious decisions. The Nebraska officials had great reservations about the planned path of the pipeline. The Governor of Nebraska is a Republican and he was against the planned route. Congress then attached a provision to a bill with a 60 day window for planning a new route for the pipeline. Any engineering firm will tell you that this is not workable. The oil that will flow through the proposed pipleline will be refined into products that will go to Europe and Asian Countries. This will actually raise the gas and diesel prices for the United States customers.

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    • You all are missing the big picture,.
      800,oooo X $100 per bar. X 30 days = 2.25 Billion $ that stays in Canada and the USA ever month,
      not going overseas.

    • The pipeline will raise prices for US consumers.......OK


      So, right now we have the capabilities to crack the type of heavy crude that is coming out of the canada. We are currently doing so and shipping octane off to other countries which is raising the price marginally on domestic supplies. If we have a increase in supply and an increase in capacity utilization I don't see how one could make an arguement that prices would go up. Actually there might be more total sipments to Europe, although they are in a recession and demand has been dropping for distillates for the past 4 mos. out of europe, so eventually that demand will come back. And, for that very reason we need greater supply. If we have greater supply coming on line over the next 12 mos. then we can meet that demand with volume. As it stands the oil will be cracked either here in the US or Chnia, it is your pick.

      The arguement about prices going up is absurd and speculation at best.

      Your arguement about the POTUS making studious decisions is also absurd, there is nothing that the POTUS has studied other than lobbyist literature to make this decision. THat 60 day window was attatched as a part of the sunset clause on the payroll tax, not as a new planning provision like you proported.

    • "rdiet"

      "A president that makes studious decisions"
      You'r NOT talking about our present president are you ???
      Unless you're referring to his golfing,,, "Hmmm should I use the 6 iron or the 7 ,, ??? hmmmm.

      Also: The "refined oil will be shipped to Europe and Asian Countries"
      Do a little research, Refined Crude oil is being shipped to Latin America & Panama Not Europe.

      One last thing, "ALL" the Dept.of Resources for "All the states" that the pipeline was going to go through gave their blessings on the project.
      It was the pressure from conservationists that pressured our "studious" president to say no.

      • 1 Reply to yourstoo
      • Your: You should do a little research before you post rhetoric which is not true. All the States did not agree to the proposed pipeline path. Mainly Nebraska. It has been suggested that much of the oil products if refined at the golf would not be available to the United States. Much of it would be shipped to other countries that pay more and that is a fact. Currently the Canadian oil goes to Cushing, OK. Their refineries cannot handle all the crude and a lot of it goes into storage before refining. By by-passing Cushing with a new, in some cases 2 pipelines there would not be that excess crude at Cushing. Do the research and learn the truth. Funny how you didn't get upset when the Republicans wouldn't act on Obama's job plan which would have created 700.000 jobs compared to the estimated 6500 jobs this pipeline could create.

 
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