Keystone XL Pipeline Project thread (user search)
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  Keystone XL Pipeline Project thread (search mode)
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Question: Will President Obama ultimately decide to approve the construction of the pipeline?
#1
Yes
 
#2
No
 
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Total Voters: 49

Author Topic: Keystone XL Pipeline Project thread  (Read 8603 times)
dead0man
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« on: May 08, 2014, 07:44:15 AM »

Turns out, there is too much Canadian crude coming to the Gulf coast:

http://www.platts.com/latest-news/oil/houston/repsol-to-buy-re-exported-canadian-crude-loading-21590180

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Well, ain't that a kick in the XL.  Certainly, knowledgeable people thought this could/would happen with the XL, but this is a bit of a shocker.
What's the problem?
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dead0man
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Posts: 46,564
United States


« Reply #1 on: May 10, 2014, 10:21:35 AM »

Turns out, there is too much Canadian crude coming to the Gulf coast:

http://www.platts.com/latest-news/oil/houston/repsol-to-buy-re-exported-canadian-crude-loading-21590180

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Well, ain't that a kick in the XL.  Certainly, knowledgeable people thought this could/would happen with the XL, but this is a bit of a shocker.
What's the problem?

The argument for XL was that it was going to give us energy independence, or if you acknowledge that Canada is technically a foreign country, then energy security.  However, if Canadian crude is just going to be exported when it reaches the Gulf coast then it provides neither, it's just a means for Canada to export their crude when they been unsuccessful in creating routes to their own coasts.
Yeah I'm not seeing a problem.  Don't both countries ship sh**t through each other's ports or via their waterways now?  What's the difference between a cargo ship full of Fords from Detroit going down the St.Lawrence and Canadian crude going through a pipe?
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