Keystone 'not even nominal benefit' to US consumers

[wvit1001]

Keystone 'not even nominal benefit' to US consumers, Obama says. “I think there has been this tendency to really hype this thing as some magic formula to what ails the U.S. economy and it is hard to see on paper where they are getting that information from,” Obama added.


Obama stressed that the issue at hand for Keystone is “not American oil, it is Canadian oil.”

“That oil currently is being shipped out through rail or trucks and it would save Canadian oil companies, and the Canadian oil industry enormous amounts of money if they could simply pipe it all the way down to the Gulf,” Obama said during his final press conference of 2014.

“It’s very good for Canadian oil companies, and it’s good for the Canadian oil industry but it’s not going to be a huge benefit to U.S. consumers, it’s not even going to be a nominal benefit to U.S. consumers,” Obama said.

Obama has repeatedly criticized Republicans for demanding approval of the $8 billion oil sands project. A Senate vote in November fell one vote short of sending legislation to Obama's desk. Incoming Senate Majority Leader Mitch McConnell (R-Ky.) has vowed to make it the first piece of business for a Republican Senate next year.

Obama reiterated that he wants to make sure if the project does go forward it is not add to the “problem of climate change ... which does impose serious costs on American people.”

Asked about McConnell's plans, he said:“I’ll see what they do. We will take that up in the new year.”

With the new GOP majority in the Senate, Republicans are positive they will have more than the 61 votes needed for a filibuster-proof majority to send the pipeline to Obama’s desk.

Whether they have the 67 votes needed to override a veto, however, is in question.

Obama noted litigation in Nebraska needs to wrap up before a decision on the pipeline is made at the federal level. The Nebraska Supreme Court will not rule on the question of who had authority to approve the pipeline’s route through the state until next year.

“Once that is resolved then the State Department will have all the information it needs,” Obama said.


http://thehill.com/policy/energy-environment/227721-obama-keystone-not-even-nominal-benefit-to-us-consumers

[DaBoz]

So what?

[wvit1001]

so.  why would anyone support a foreign company having condemnation authority over American's property for something that had no benefit for our country?

[jst-the-fax]

wvit,

Can you give me the locations of any property where the owner will be denied access after this pipeline is buried?

[wvit1001]

so you support a foreign company being able to force you to allow them access to your property so that they can bury their equipment and have permanent rights to come and go onto your land whenever they want?

[jst-the-fax]

As long as they are paying me...I have no problem what so ever.

[wvit1001]

but if you had a problem with it do you think a foreign company should be able to force their wants on you?

[D2D]

If that were true, Wvit, you and your liberal fellows would be all for Keystone!

Anything that benefits America liberals are against!

[wvit1001]

If what were true D2?

[D2D]

Re: Keystone 'not even nominal benefit' to US consumers

[wvit1001]

Judge Upholds Eminent Domain for Pipeline in Texas

PARIS, Tex. — The Canadian energy company TransCanada can take over land owned by a Texas farmer to build its Keystone XL pipeline, a county judge ruled on Wednesday night. In a 15-word ruling sent from his iPhone, Judge Bill Harris of Lamar County Court at Law upheld TransCanada’s condemnation of a 50-foot strip of land across Julia Trigg Crawford’s pasture here. The pipeline is being built to carry oil to Texas refineries from Canada.

http://www.nytimes.com/2012/08/24/us/texas-judge-rules-transcanada-can-seize-pasture-for-keystone-xl.html?_r=0

[wvit1001]

D2, do you have anything showing that the pipeline would be more than a nominal benefit to American consumers?

nom·i·nal - (of a price or amount of money) very small; far below the real value or cost.