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Message
re: Field Research Regarding Keystone XL Pipeline *UPDATE in OP*
Posted on 9/29/14 at 11:37 am to LSUsuperfresh
Posted on 9/29/14 at 11:37 am to LSUsuperfresh
quote:
If this is a question for me, to my understanding it has to do with a clause that allows him to preside over issues that pertain to "national interest." Are you quizzing me in return, suggesting I add that question, or just inquisitive?
It was just a question so that Keystone project can be framed up properly from a regulatory permitting standpoint. That is:
Intrastate pipelines are state permitting issues.
Interstate pipelines are under FERC or federal permitting authority.
International pipelines, like Keystone, are permitted though the executive branch's State Department via constitutional “foreign affairs” authority.
We have thousands of miles of intrastate and interstate pipelines being permitted and built today. The only difference between those pipelines and the Keystone pipeline are those other pipelines don't cross our nation's border. BTW, if my understanding is correct I'm pretty sure much of the southern leg of the Keystone pipeline is being built.
2
Posted on 9/29/14 at 12:04 pm to GumboPot
quote:
Additional question: why does Obama have jurisdiction over the Keystone Pipeline project?
Foreigners.
Posted on 9/29/14 at 3:00 pm to GumboPot
So how bad is Canada getting the shaft due to this technicality? Do they really care if the Keystone XL Pipeline gets constructed vs other alternatives for them to export the oil?
Posted on 9/30/14 at 8:48 am to LSUsuperfresh
quote:
So how bad is Canada getting the shaft due to this technicality?
Specifically it's TransCanada the company.
quote:
Do they really care if the Keystone XL Pipeline gets constructed vs other alternatives for them to export the oil?
They (TransCanada) does care because they can charge a transportation fee on their pipeline. Tar sand producers also care because the proposed Keystone pipeline is a cheaper transportation alternative for getting the oil to market. Regardless of whether Keystone gets State Department approval to cross the Canadian/US border the oil will find a market, it just depends at what cost. It's my understanding that the initial break even price per barrel to produce the tar sands was $75/barrel. It's probably a little lower now and could be a little lower with cheaper transportation cost via the pipeline. If the price per barrel dips below ~$70 tar sand production will likely halt or slow down a lot.
The big winner in the Keystone controversy is Obama and the politicians on both sides. Obama is getting huge donations from environmental nuts to continue to hold up the Keystone permit and the GOP continues to get political donations from the other side. What a game.
Posted on 9/30/14 at 9:22 am to GumboPot
quote:
BTW, if my understanding is correct I'm pretty sure much of the southern leg of the Keystone pipeline is being built.
It's built from Cushing to the Houston Ship Channel. That's why WTI closed the spread with Brent a while back.
Posted on 9/30/14 at 9:23 am to GumboPot
I still think it gets approved after the mid-terms.
Posted on 9/30/14 at 9:34 am to GumboPot
quote:
Specifically it's TransCanada the company.
I was thinking more along the lines of taxes and the boost to the economy from Canada's standpoint.
Is this volume of oil being shipped from Canada being limited at all for the lack of the Keystone Pipeline? Or would the bph through the pipeline be roughly what they're shipping via rail right now with just cheaper transportation costs?
Posted on 9/30/14 at 9:39 am to LSUsuperfresh
Done. Follow the money, specifically Warren Buffet's money.
Posted on 9/30/14 at 11:54 am to cwill
quote:
It's built from Cushing to the Houston Ship Channel. That's why WTI closed the spread with Brent a while back.
Thanks for the confirmation.
Posted on 9/30/14 at 11:59 am to LSUsuperfresh
quote:
Is this volume of oil being shipped from Canada being limited at all for the lack of the Keystone Pipeline? Or would the bph through the pipeline be roughly what they're shipping via rail right now with just cheaper transportation costs?
IDK. Those are kind of nuanced questions that will take a little research.
Production capacity could be limited by downstream bottlenecks however I just don't know if that's an issue or not.
With that said, pipeline companies usually build a pipeline to fill it. If all the transportation capacity won't be used by the tar sand producers the available space will be allocated to another committed customer prior to building the pipeline.
Posted on 10/1/14 at 7:59 am to GumboPot
Bump for results
Posted on 10/1/14 at 8:11 am to SpidermanTUba
quote:
The problem I have with the pipeline is I just don't think its government's role to force private landowners - at point of a gun if necessary - to sell their land to foreign private entities.
What say you so called "libertarian" conservatives? You're A-OK with federal or state governments using the threat of deadly force to remove private landowners from their property so that a foreign private entity can purchase it at a price the landowner may not even deem fair? Just so your own energy related expenses will be lower? Sounds kind of anti-libertarian to me.
I have a pipeline running through some of my property. I got paid extremely well and with the exception of the time they were building it, you would never know it is there.
Posted on 10/1/14 at 8:19 am to LSUsuperfresh
quote:
1. What country will be the supplier of oil in the Keystone XL Pipeline?
67/68 Canada
1/68 China
Wonder who that 1 was, I'm guessing TUba
Posted on 10/1/14 at 9:21 am to kingbob
Ding Ding Ding, We have a winner.
Anyone who thinks the ppl in charge are holding this up over environmental reasons has been severely duped. Its all about back scratching and under the table deals.
quote:
Follow the money, specifically Warren Buffet's money.
Anyone who thinks the ppl in charge are holding this up over environmental reasons has been severely duped. Its all about back scratching and under the table deals.
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