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Thread: Obama’s Keystone Denial Prompts Canada to Look to China Sales

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    Obama’s Keystone Denial Prompts Canada to Look to China Sales



    we... are... so... stupid.

    President Barack Obama's decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports.

    Prime Minister Stephen Harper, in a telephone call yesterday, told Obama “Canada will continue to work to diversify its energy exports,” according to details provided by Harper’s office. Canadian Natural Resource Minister Joe Oliver said relying less on the U.S. would help strengthen the country’s “financial security.”


    The “decision by the Obama administration underlines the importance of diversifying and expanding our markets, including the growing Asian market,” Oliver told reporters in Ottawa....
    well that's okay. I mean, we're pissing off the Canadians, one of our closest allies, and losing a local source of energy, yeah, but I mean, it's not like Canada represents a uniquely secured source of energy in a world full of oil-soaked regimes that hate us...

    ...Canada accounts for more than 90 percent of all proven reserves outside the Organization of Petroleum Exporting Countries, according to data compiled in the BP Statistical Review of World Energy. Most of Canada’s crude is produced from oil sands deposits in the landlocked province of Alberta, where output is expected to double over the next eight years, according to the Canadian Association of Petroleum Producers...
    oh.





    well, the one silver lining in this is that maybe this will spark Republicans to emphasize domestic production in their 2012 campaign.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    hey, remember when, right after shutting down US oil production in the Gulf, the President went to Brazil and told them we wanted to buy their oil instead?


    yeah.


    China Gets Jump on US for Brazil's Oil


    ...Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese companies.

    The deals are part of a growing oil relationship between the two countries that, thanks to a series of billion-dollar agreements, is giving China greater influence over Brazil’s oil frontier
    ...


    woo-hoo! let's hear it for Smart Power!

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    China is going to buy more oil no matter what you do, that's just a simple fact there's no getting around it. To consider it a failure of anyone that China grows economically is a horrible misjudgment. Also diversity has always been a strength of financial management, whether its for personal investments or for an entire country. You can't blame anyone because Canada wants to be involved in profitable trade transactions, nor can we pretend that this potential Canada/China deal is motivated by some revenge mentality in Canadian government.

    That being said, the Keystone pipeline decision was a bad one. We should be looking for more ways to consume local energy, on top of consuming less of course, and administrative deadlines be damned.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by Wiseone View Post
    China is going to buy more oil no matter what you do, that's just a simple fact there's no getting around it.
    that's no reason for us to make it easier or cheaper for them.

    To consider it a failure of anyone that China grows economically is a horrible misjudgment. Also diversity has always been a strength of financial management, whether its for personal investments or for an entire country. You can't blame anyone because Canada wants to be involved in profitable trade transactions, nor can we pretend that this potential Canada/China deal is motivated by some revenge mentality in Canadian government.
    it's not. it's motivated by simple desire on their part to enrich their nation. we're just stupid for fixing it so that they had to do so through trade with china rather than through trade with us.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    We're having problems building pipelines in our own country...

    Northern Gateway pipeline decision will be delayed until late 2013: panel


    CALGARY — The joint review panel hearing submissions on the controversial Northern Gateway oil pipeline to the B.C. coast will take a year longer than expected to deliver its final report.

    In a projected schedule released late Tuesday, the three-member panel said it “would anticipate releasing the environmental assessment report in the fall of 2013 and its final decision on the project around the end of 2013.”

    That’s a year later than expected, confirmed Annie Roy, panel spokeswoman.

    “The final hearings were scheduled to start in June of 2012, meaning the panel would have probably released its report in the fall of 2012,” she said.

    “So the schedule now is almost pushed a year.”

    Calgary-based Enbridge Inc. is pursuing the $5.5-billion, 1,200-kilometre pipeline that would transport up to 525,000 barrels per day of crude from Alberta’s oilsands and oilfields to ocean-going tankers. The line would help alleviate Canada’s reliance on the United States as its only major market for oil.

    A coalition of aboriginal groups said last week it will create a human wall to prevent the pipeline from north of Edmonton to the B.C. coast from going ahead, and environmental groups have hinted at civil disobedience.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    One term obama may go down in history as our worst president ever.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by Jetboogieman View Post
    We're having problems building pipelines in our own country...
    Not because we can't build them.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by cpwill View Post


    we... are... so... stupid.



    well that's okay. I mean, we're pissing off the Canadians, one of our closest allies, and losing a local source of energy, yeah, but I mean, it's not like Canada represents a uniquely secured source of energy in a world full of oil-soaked regimes that hate us...



    oh.





    well, the one silver lining in this is that maybe this will spark Republicans to emphasize domestic production in their 2012 campaign.
    From what I understand the Canadian pipeline was for export only. And wouldn't they have to go through Alaska to build a pipeline to China?
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    I suppose jobs and economics are more important than our planet.

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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    as if canadian oil was not going to be sold to china anyway
    oil is fungible
    the importers of oil will all compete in the international markets to buy it
    does not matter whether that oil enters the international market at new orleans or at vancouver
    china, the USA and every other importer will buy it at whatever spigot is most convenient, at commodity prices
    there is NO benefit to the USA to have the canadian oil move to the international market thru the USA
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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