Putting a Cork in It
posted by Spencerblog at
11:01 AM
Tuesday, January 3, 2012
Tuesday, January 3, 2012
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15 Comments:
I was all for this pipeline, but a recent article claims that the oil won't be for American consumption, but will be refined and sold to foreign countries, and will not be subject to tax. It goes on to say that due to the economy and more efficient auto's, Americans are consuming less gas. There is a surplus, however the energy demands of foreign nations keep's the per gallon price at it's current high price.
The oil will be piped to refineries in Port Arthur, Texas.
Since the refinery operates as a “foreign trade zone,” it will pay no tax and custom duties on exports, or on any imports from the Welsh refinery.
CEO Bill Klesse, of the Valero oil exporting giant, plans to ship the Keystone XL’s refined, dirty oil to South America and to Europe to be used in the popular diesel automobiles in those countries.
Regardless of the end user of the oil, worldwide oil supplies are increased and American jobs are created. That's all good.
In the disastrous economy his liberal policies caused, our free-spending, vacation-loving epic failure of a President chooses to politically pander to the environmental whackos rather than creating jobs for American families.
All the Third World tin pot despots that Obama bowed to, are cheering his ineffectual, gutless leadership.
Jake - Stop being such a hater. This is your president too. Where's your Christian spirit? Aren't you supposed to love Obama?
Repeal and Replace.
Tonight in Iowa we begin the long, hard job of fixing the America that Obama broke.
It's okay to love the man, but it's time to end his plan.
Thankfully Bob comes to the rescue of those who do not understand. As it was in the beginning thus it shall ever be. Bob has the wisdom (lacking facts, of course) to save us all from the dreaded, nefarious actions of The Great One. Life is good.
I don't know Jake. That last post? I certainly didn't feel the love. I'm following Iowa, but I don't see your man up there. What happened to Herman? And what if Romney takes it? Will you be able to vote for the architect of Obama care?
Bob it is sad you don't feel the love Jake and many others, including me, have for the President. He's allegedly a good man so his protrayers have made us perceive him to be, a great family man who enjoys $4.0 million plus vacations at our expense in Hawaii with his family while at the same time pondering a $1.2 trillion increase in the deficit. By golly, he's a man for the 1%-ers from whom he collects megabucks for his 2012 campaign. Yeah, Bob, what's not to like?
Anon reincarnated as Charlie Six Pack. What a hoot! LOL All Presidents are allowed to vacation. Except Obama. Right CS?
Anon (CS) - chew on this for a while. George W. Bush spent at least $20 million taxpayer dollars just on flights to his ranch in Crawford.
Jobs, $7 Billion in revenue, and a friendlier source of oil in lieu of the Middle East sounds like a great idea to me, especially for a Nation with its head too far up its own a** to utilize its own natural resources and see an economic renaissance...
Steve - I would tend to agree with you. Matter of fact the leaders of several labor unions are for the pipeline too. However, I don't think we should rush this through. I do believe many people were under the impression that this would be oil for US consumers. That's not true. And I've read that Transcanada's original claims that the line would create 20,000 job's is a stretch. I'm hearing that is closer to 7,000 jobs that will last for 2 years. But even that is something.
everywhere I have read (Including the developer's website) this oil benefits domestic uses as well as exporting. What article are you reading? (Please don't start with Huff...)
Personally, I'd like to see domestic drilling and refinement, I have a hard time believing it can't be handled in a safe, efficient, yet productive manner here. Enough production to match domestic demand with excess for export (God forbid, an export!).
But the tree huggers will never stand for it. we might hurt a spotted friggin tree frog, or a light throated swallows nest!!
Steve - Several articles. I believe one was in the Inquirer, one in the Times, one in Money Morning (a stock market news letter). There are plenty more on Google. Some say the oil will not be for domestic use. Others say the oil could possibly be for domestic use. Most of what I've read leads me to believe the oil is for export because that's where the money is.
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