Over the last six years oil exports have increased in this country tremendously and done so on private lands using fracking.
We all know why Reid allowed the vote at this time. It was to help Ms. Mary in Louisiana. Over the last six years until yesterday he has shelved the bill because of fear it would get passed and Obama would have been forced to either sign it or veto. Before it even reached the floor for a vote, the fix was in that it wouldn't pass. After all we have a president who is lock and step with the IPCC and Global Warming. Have you read the latest report coming out of the IPCC, it calls for eliminating fossil fuel usage to 0 globally or we are going to fry.
I certainly support the extension of Keystone that would go through Montana and N Dakota where they have their own oil boom occurring. The pipeline would not just aid Canada but would assist them in getting their crude to market. But hey Canada doesn't want to wait around until a regime change, I certainly understand that one. With the technology to turn natural gas to a liquid, it would also be great to see more of that occurring and permitted to be moved as an export instead of letting it burn off and wasted. I see Japan and the EU as big customers ending their dependency on Russia. Maybe that will become a reality in the near future with a regime change also.
Last edited by vesper; 11-19-14 at 02:23 PM.
Price doesn't really matter in the oil industry as they operate on one, three and five year averages, which never go down.
And you are absolutely right about the ministrations of politicking in the senate....but we are hearing Reid was under pressure from his own Democrats, angry and steamed over the mid term losses.
And LNG - liquified natural gas was a major election issue here in 2012 and we won. They have completed their first processing plant and LNG started flowing to China this summer, a second is under construction. We are told the royalties and taxes will pay for our health coverage for many years. There again US wrangling prevented any being built in California or the Gulf.
I hear a lot of talk about Europe wanting off the Russian teat, but they are tanker averse and there is an huge push back. They had a spill in the North Sea a few years back and the eco-queers still have their stool in a knot.
Ironically the situation has reversed. In the 70's and 80's Canada couldn't get anything done, now it's the US and we are "Drill, Baby, Drill"
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