Approves Asia Supply Route, Ignores US Route
H/T Eric Worrall and Breitbart – Obama’s inability to make a decision on Keystone has finally yielded a result – Canada has made the decision for him.
Breitbart reports Canada has just approved the Enbridge Northern Gateway Project – a major pipeline to ship Canadian oil to Asia.
The Canadian oil will still be burnt – in Asia, instead of America.
All the jobs and energy security which Canadian oil could have delivered to America, will instead be delivered to Asia.
Rather than purchasing crude from a friendly and allied neighbor, the United States will most likely need to continue its reliance upon hostile sources like Venezuela. Energy analysts had hoped that construction of Keystone could have replaced almost half of the current U.S. daily crude purchases from that volatile, anti-American dictatorship, depriving Venezuela of the resources it relies upon to stay in power and fund its Cuban allies.
You can’t say Canada didn’t give America a chance – they waited years for the American administration to come to their senses. But in the end, they couldn’t wait any longer, and have put the interests of Canadians first.
Below is a helpful timeline of Keystone events, courtesy of Al Jazeera.
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
Keystone is not dead.
We are still working on land titles and crossings right up to the U.S. border.
Obama may just be stalling until the next election
CodeTech, 180 Billion barrels recoverable is about 5.5 years of total global consumption. brent, 315 recoverable is less that 10 years of global consumption. Canada is good for now but it’s only temporary.
Please, Oh Canada, do not let obama win this one. We need each other for the long term. Help us defeat obama the destroyer.
John Hofmeister was President of Shell until a few years ago when he retired
Prior to retirement he was on a 50 city tour communicating his message(what i would call a charm tour)
Here’s one of his presentations and it’s worthwhile to scrutinize carefully.
(I have another of his presentations downloaded. It was at City Club of Cleveland on Aug 25, 2006 however it’s no longer archived at CCC website)
View From the Top: Shell Oil President John Hofmeister
This entry was posted on Wednesday, June 27th, 2007 at 11:52 am
http://www.podtech.net/home/3452/view-from-the-top-shell-oil-president-john-hofmeister
Carefully note his comments from about 3-8 minutes.
Per John, we are past the tipping point of easy available affordable energy. He says conventional easy oil has peaked.
He then goes on to say don’t worry , be happy we’ve got, deep water, we’ve got A Trillion Bbls of kerogen In Colorado alone. He says we’ve got A Trillion Bbls of Bitumen in Alberta oil sands. Another Trillion Bbls Orinoco in Venezuela.
I’m an old downstreamer, a supply and refining guy. I’m not unfriendly to the industry. However I’m also not prepared to be an ostrich. Throwing out these wild number without telling the audience what they represent gives me a severe case of heartburn.
So when Hofmeister talks about a Trillion Bbls in Alberta oilsands, that’s more than 3 times the official number of 315 Billion Bbls for ultimate Potential recoverable.
Shell has of course abandoned yet again their efforts wrt Colorado kerogen, so that Trillion Bbls he talks about still seems rather elusive : )
At about 14 Min into speech he said Shell abandoned Silicon based photovoltaic because they concluded they couldn’t get more energy out than energy in .
In the case of silicon phototvoltaic I believe the primary energy input is electrical (I stand to be corrected) as is the output . This makes a nice clean comparison.
However he sure didn’t disclose the energy balance for their oil shale (kerogen) efforts 🙂
He also comes out strongly for mandatory government imposed CO2 limits 🙂
Says time for voluntary efforts is past
Enjoy
P.S. also discusses coal gasification (Shell has their own gasification technology) and CO2 sequestration
PPS.. This speech was slightly before the latest panacea (tight oil) was officially proclaimed.
Well if the story is from Breitbart it must be true. I remember their awesome reporting of Paul Krugman going bankrupt and their great investigation into Friends of Hamas. I would put the credibility of Breitbart right up there with The Onion and The Daily Currant.
I like WattsUpWithThat but referencing Breitbart? We criticize alarmists for being gullible, let’s not join them.
Right when the US is on the precipice of energy independence the extreme left has waged a climate war on CO2 to block it from happening.
Obama is leading the insane push to prevent the very Energy Independence that we have been told why the US Dept of Energy has existed and spent billions over decades.
The impact of this ultimate madness will pale all other wrong turns by magnitudes with even government being needlessly hobbled with unnecessarily higher energy and fuel prices.
Imagine what a boom this country would be in, or approaching, if the climate fraud were not infecting every potential with festering sores of dysfunction.
Taking oil by rail, good. Tanker trucking, good. Just remember the new right given to natives in BC also include oceans. All they have to do to prove title is to have canoed on it at some point in time before europeans came.
CodeTech, 180 Billion barrels recoverable is about 5.5 years of total global consumption. brent, 315 recoverable is less than 10 years of global consumption. Canada is good for now but it’s only temporary.
Keystone is not dead by any means. A republican win in the next election could lead to approval and construction in a heart beat. Northern gateway faces too many hurtles ie natives etc. meanwhile look for vast increases in train transport and it’s inherent problems.
I am very disappointed. I think this and the apparent self-destruction of the United States in general goes way beyond Obama however. He is just a puppet.
Nigel Harris says:
June 29, 2014 at 7:03 am
I’d strongly question the interpretation of this news…Second, Keystone XL is not all about supplying the USA with more crude oil. It’s at least partly about finding another export route for Canadian crude oil via the US gulf coast ports. US crude generally can’t be legally exported (other than within NAFTA), but Canadian crude can.
————————————————————–
Does that mean the oil Buffet’s trains are hauling is currently being exported from the Gulf Coast?
cn
Pipeline preferable, but still could consider Rail to Prince Rupert and export from there
CN Rail floats idea of shipping Alberta bitumen to Prince Rupert: documents
CN Rail, at the urging of Chinese-owned Nexen Inc., is considering shipping Alberta bitumen to Prince Rupert, B.C., by rail in quantities matching the controversial Northern Gateway pipeline, documents show.
http://www.theglobeandmail.com/news/british-columbia/cn-rail-floats-idea-of-shipping-alberta-bitumen-to-prince-rupert/article14456470/
in the category of “hanging is too good for them – unless it is by the nuts”
First Nations chief received $55,000 from Tides Foundation …
http://www.torontosun.com/2014/01/17/first-nations-chief-received-55000-from-tides-foundation
Jan 18, 2014 – A left-wing lobby group in San Francisco wired $55,000 to the bank account of an Indian chief in Northern Alberta, paying him to oppose the oilsands.
And sure enough, that chief – Allan Adam, from the Athabasca Chipewyan First Nation – earned his money. Last weekend, he flew to Toronto to sit on a stage next to Neil Young, the folk singer who was in town to demonize Canada’s oil industry.
Now, $55,000 might sound like a lot of money to pay, just to rent a politician for a day if all the chief did for his money was to appear on stage in Toronto beside Neil Young. But to the Tides Foundation, it’s well worth it. Think of Adam as an actor, hired to play a part in an elaborate theatrical production.
Neil Young had his role: he’s the American celebrity who can draw crowds of fawning Baby Boomer journalists. But at the end of the day, he’s just another millionaire celebrity. When he talks about the oilsands, he quickly reveals himself as a low-information know-nothing.
Adam brings what Young can’t: authenticity. Young likes to wear an Indian-style leather vest, but Adam really is an Indian, and he really lives near the oilsands.
Adam didn’t do a lot of talking in Toronto. He was more of a prop than an actor. See, the Tides Foundation is from San Francisco. And Neil Young lives on a 1,500-acre estate near San Francisco. Without Adam, this would have just been some California millionaires coming up here to boss Canadians around. That’s why they had to hire Adam, to aboriginalize their attack on Canada. It was political sleight of hand, to distract from the fact that this was a foreign assault on Canadian jobs.
Tides could have hired an actual actor, like maybe Lorne Cardinal, who played the Aboriginal policeman in the comedy series Corner Gas. But they didn’t hire an actor. They hired an elected public official. That’s the problem.
Adam’s official title is “chief.” But it’s not a religious or cultural title. Under the Indian Act, that’s just the legal title given to the elected mayor of an Indian Band.
The Tides Foundation put $55,000 into the bank account of a mayor to get him to take a particular political position. Depending on what Tides was getting the Chief to do, the payment might well have been a bribe. But we won’t know, because no one is talking about the $55,000 payment.
How is it acceptable that a foreign lobby group can simply deposit cash into a bank account of a Canadian politician? Who else is being paid cash to oppose the oilsands?
Honestly I’m surprised Canada waited as long as they did. Too bad they can’t hold out until 2016 because I’m pretty sure as soon as a Conservative steps into that office the Pipeline would be approved. This administration is killing America. We can’t afford gas. We we’re so close to cutting our costs. I don’t know if this country can survive this administration and if we do it’s going to take decades to get back on our feet…and God forbid if a Democrat wins 2016…America might as well just split and go it’s separate ways while we still have a chance – let the liberals sink their sections.
“Obama’s inability to make a decision on Keystone has finally yielded a result – Canada has made the decision for him.”
Inability to make a decision?!?! Obama made the decision in January 2012.
Well folks (‘he’ uses that word too, but ‘he’ uses it in the ‘they’ sense, not the ‘we’ sense). It’s only a wee bit over 4 months away. Time to give ’em a “shellacking.” Let’s see someone other than Reid as Senate majority leader. Meet your House reps at the Townhalls and get ’em prepared for a career change. Get that tar heated up and pluck those feathers.
Reblogged this on Public Secrets and commented:
This makes me so mad, I could chew nails. Tens of thousands of good jobs lost, a needed economic boost from cheap oil thrown away. Heckuva job, Greens.
how to make money yankee style:
1. short coal stocks
2. buy US oil and gas stocks
3. bankroll legislation to end use of coal for US power generation
4. fund opposition to development of canadian oil, forcing down canadian dollar
5. use resulting US shortages to force up price of US oil and gas
6. use profits to buy canadian oil stocks at fire sale prices
7. defund groups opposing canadian oil development
8. sell canadian oil to US and pocket a fortune
Reblogged this on News You May Have Missed and commented:
Canada pulls the plug on the U.S. Keystone Pipeline – will send oil to Asia
Keystone will likely eventually be built because, as Warren Buffett says, “I just believe it’s a useful pipeline.” He would give it approval even though his Burlington Northern and Union Tank car are now profiting from rail transport of tar sands crude.
In the same MSNBC interview he notes the killing he had made in disaster insurance.
“I love apocalyptic predictions” on climate change, Buffett told CNBC on Monday, because they probably do affect rates.”
“The public has the impression that because there’s been so much talk about climate that events of the last 10 years from an insured standpoint and climate have been unusual,” he continued. “The answer is they haven’t.”
http://www.cnbc.com/id/101460458
Seems like the archetype of the (mythical?) honest, practical Midwesterner. Too bad he is not president.
nc says: June 29, 2014 at 8:38 am
Thank you for your comments.
Good to hear about Kitimat’s shipping safety record.
In my previous career, I specialized in detecting, preventing and managing large slope failures.
I would expect that I could help design a pipeline system which would, once properly buried, experience NO slope failures that would impact its continued operation,
However, this discussion is academic – Kitimat is the chosen destination.
Winners & Losers
Trans Canada corporation was funding XL.
Enbridge owns the “Alberta Clipper”. It has been in place and pipes oil from the tar sands into the U.S. Type Alberta Clipper Map into your favorite browser. Then you can better appreciate the political, eco-green, get votes, marketing hype of hate XL.
See a lot of gloom and doom in reference to the British Columbia recent treaty in reference to Enbridge. First, this treaty is not even close to the pipeline route. Two, the majority of Canada has treaties and have for 100 plus years. Here in Fort McMurray we are very familiar with treaty natives and have agreements in place – for instance our workforce has agreements that natives to supply 10% of the workforce in the sands. We also build community schools, community halls, and so on. In essence all business needs to know is surety. In other words, who do we negotiate with. Which means this British Columbia treaty only make the process easier as opposed to before where the ownership of said land was in limbo.
Next – we produce OIL from bitumen. NOT TAR! I know that is extremely difficult for illiterates and watermelons to grasp.
Oil – yes, we have enough production to do the Canada east/west route, and the Keystone when it eventually gets approval. And it will.
The US – here in Alberta there is a sense of deep disappointment and quite anger at this US government. For the first time since 1812-1814 we are treated as enemies of this administration. NOT the American people, the US government. Not only the Keystone is in jeopardy, but also a realization that Canada itself must chart a new course for itself in the world. Consequently, the billions involved with the F-35 fighter jet purchase is also in severe question in this country. We are now looking to Europe and beyond – and I for one am pushing for European fighter jet purchase, along with other military purchases costing US jobs and billion of dollars lost. Moreover, we are clamping down on any fresh water, and we have 20% of the world’s fresh water in this nation. Canada is no longer the little buddy next door – the Keystone saga finally woke us up to our own possibilities as a nation. As anyone here knows nations have no friends – we only have interests. Indeed, this has been quite the learning experience for Canada as a whole.
I have friends who work at TCPL. Keystone hasn’t been cancelled yet, this article is simply wrong. Keystone is largely in place already with assets already in laydown yards and engineering pretty much completed. All that has to be done is the ‘ok’ being given by the US State Department and the final leg can start field construction.
All this being said, Obama has fundamentally damaged Canada / US relations with all his jerking around on the subject. This project is of key importance to Canada economically and Obama has clearly demonstrated that the US will screw Canada over at a political whim, essentially over nothing, since the US State Department report said clearly that it wouldn’t have a significant impact on carbon emissions. This has led to an increasing Canadian strategic alignment with China, who doesn’t seem to be playing such stupid games; including moves to increase trade between the two countries.
It’s sad, really, what the US is doing to Canada at this point. But it’s ok, karma’s a real bitch.
This will end up costing the US dearly in the long run.
Say there’s a massive conflict in the middle east and oil supplies get tight (like that could _ever_ happen…), I can see a scenario Canada will simply keep its supply contracts with China and turn down the taps to the US.
Ferd, Neil Young is a Canadian and “a Southern man don’t need him around anyhow.”