quote:

SCENARIOS-Obama admin divided over Canada oil sands pipe

Feb 15 (Reuters) - The Obama administration is divided over a proposed pipeline that would ease U.S. reliance on oil from unstable regions but boost dependence on Canada's oil sands which are deemed environmentally unfriendly by green groups. TransCanada Corp (TRP.TO), the company hoping to build the $7 billion-plus Keystone XL pipeline extension, expects the State Department to approve the project in the second half of 2011.


A U.S. decision had originally been expected in the first half of the year. The State Department would not immediately comment.

The oil from the duct would help cut U.S. dependence on imports from Venezuela and Middle Eastern countries such as Saudi Arabia.

The Environmental Protection Agency, however, is concerned by the greenhouse gas emissions from production of Alberta's tarry oil sands and worried that the petroleum bounty could undermine U.S. plans to make cars more efficient and electrify more vehicles in coming decades.

TransCanada hopes the 510,000 barrel-per-day pipeline, which would stretch from Canada to refineries in Texas and Louisiana, will begin operating sometime in 2013. It wants to build a link from the proposed line so that oil drilled in the northern United States could also be shipped to the huge Cushing, Oklahoma, oil storage hub.


Here are some possible paths the plan could take if it is approved.

LIKELIEST: STATE COMPROMISES, EPA SATISFIED

In July, the EPA asked the State Department to revise its environmental impact statement on the pipeline to consider greenhouse gas emissions, other environmental concerns and pipeline safety.

Secretary of State Hillary Clinton hinted in October her department was "inclined" to approve the line on energy security grounds. Since then a senior State Department official said approval is not a foregone conclusion.

Full article here

quote:

Judge holds Interior Dept. in contempt over ban


NEW ORLEANS — The federal judge who struck down the Obama administration's moratorium on deepwater drilling after the Gulf oil spill held the Interior Department in contempt Wednesday, and ordered the federal agency to pay attorneys' fees for several offshore oil companies.


U.S. District Judge Martin Feldman chided the department for its "dismissive conduct" after he overturned the agency's decision to halt any new permits for deepwater projects and suspend drilling on 33 exploratory wells after the Deepwater Horizon blast, which killed 11 workers and triggered the massive spill.


After Feldman overturned the government's moratorium in June, the agency issued a second nearly identical suspension.

"Such dismissive conduct, viewed in tandem with the reimposition of a second blanket and substantively identical moratorium and in light of the national importance of this case, provide this court with clear and convincing evidence of the government's contempt of this court's preliminary injunction order," he wrote.

quote:

ORIGINAL: Sanity


SCENARIOS-Obama admin divided over Canada oil sands pipe

Feb 15 (Reuters) - The Obama administration is divided over a proposed pipeline that would ease U.S. reliance on oil from unstable regions but boost dependence on Canada's oil sands which are deemed environmentally unfriendly by green groups. TransCanada Corp (TRP.TO), the company hoping to build the $7 billion-plus Keystone XL pipeline extension, expects the State Department to approve the project in the second half of 2011.


A U.S. decision had originally been expected in the first half of the year. The State Department would not immediately comment.

The oil from the duct would help cut U.S. dependence on imports from Venezuela and Middle Eastern countries such as Saudi Arabia.

The Environmental Protection Agency, however, is concerned by the greenhouse gas emissions from production of Alberta's tarry oil sands and worried that the petroleum bounty could undermine U.S. plans to make cars more efficient and electrify more vehicles in coming decades.

TransCanada hopes the 510,000 barrel-per-day pipeline, which would stretch from Canada to refineries in Texas and Louisiana, will begin operating sometime in 2013. It wants to build a link from the proposed line so that oil drilled in the northern United States could also be shipped to the huge Cushing, Oklahoma, oil storage hub.


Here are some possible paths the plan could take if it is approved.

LIKELIEST: STATE COMPROMISES, EPA SATISFIED

In July, the EPA asked the State Department to revise its environmental impact statement on the pipeline to consider greenhouse gas emissions, other environmental concerns and pipeline safety.

Secretary of State Hillary Clinton hinted in October her department was "inclined" to approve the line on energy security grounds. Since then a senior State Department official said approval is not a foregone conclusion.

Full article here

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ORIGINAL: kdsub

What crap.. Why do we keep putting up with these asshole speculators using any excuse to skyrocket the cost of gasoline?

quote:

ORIGINAL: servantforuse

The last time gasoline was this expensive, the libs blamed Bush, Cheney and Hallibutton.

quote:

ORIGINAL: DarkSteven

quote:

ORIGINAL: Sanity

SCENARIOS-Obama admin divided over Canada oil sands pipe

Feb 15 (Reuters) - The Obama administration is divided over a proposed pipeline that would ease U.S. reliance on oil from unstable regions but boost dependence on Canada's oil sands which are deemed environmentally unfriendly by green groups. TransCanada Corp (TRP.TO), the company hoping to build the $7 billion-plus Keystone XL pipeline extension, expects the State Department to approve the project in the second half of 2011.


A U.S. decision had originally been expected in the first half of the year. The State Department would not immediately comment.

The oil from the duct would help cut U.S. dependence on imports from Venezuela and Middle Eastern countries such as Saudi Arabia.

The Environmental Protection Agency, however, is concerned by the greenhouse gas emissions from production of Alberta's tarry oil sands and worried that the petroleum bounty could undermine U.S. plans to make cars more efficient and electrify more vehicles in coming decades.

TransCanada hopes the 510,000 barrel-per-day pipeline, which would stretch from Canada to refineries in Texas and Louisiana, will begin operating sometime in 2013. It wants to build a link from the proposed line so that oil drilled in the northern United States could also be shipped to the huge Cushing, Oklahoma, oil storage hub.


Here are some possible paths the plan could take if it is approved.

LIKELIEST: STATE COMPROMISES, EPA SATISFIED

In July, the EPA asked the State Department to revise its environmental impact statement on the pipeline to consider greenhouse gas emissions, other environmental concerns and pipeline safety.

Secretary of State Hillary Clinton hinted in October her department was "inclined" to approve the line on energy security grounds. Since then a senior State Department official said approval is not a foregone conclusion.

Full article here

WTF is a duct?  Another word for pipeline?

Last I heard, the issue with oil sands was the energy required to extract it.

Please tell me that the line about the EPA worrying about de-emphasis of electric cars, is not true.  Where do they think that electricity COMES from? 

quote:

ORIGINAL: servantforuse

Maybe, just maybe, we should be drilling our own oil ?

quote:

ORIGINAL: Sanity


How many of you have heard about this

quote:

SCENARIOS-Obama admin divided over Canada oil sands pipe

Feb 15 (Reuters) - The Obama administration is divided over a proposed pipeline that would ease U.S. reliance on oil from unstable regions but boost dependence on Canada's oil sands which are deemed environmentally unfriendly by green groups. TransCanada Corp (TRP.TO), the company hoping to build the $7 billion-plus Keystone XL pipeline extension, expects the State Department to approve the project in the second half of 2011.


A U.S. decision had originally been expected in the first half of the year. The State Department would not immediately comment.

The oil from the duct would help cut U.S. dependence on imports from Venezuela and Middle Eastern countries such as Saudi Arabia.

The Environmental Protection Agency, however, is concerned by the greenhouse gas emissions from production of Alberta's tarry oil sands and worried that the petroleum bounty could undermine U.S. plans to make cars more efficient and electrify more vehicles in coming decades.

TransCanada hopes the 510,000 barrel-per-day pipeline, which would stretch from Canada to refineries in Texas and Louisiana, will begin operating sometime in 2013. It wants to build a link from the proposed line so that oil drilled in the northern United States could also be shipped to the huge Cushing, Oklahoma, oil storage hub.


Here are some possible paths the plan could take if it is approved.

LIKELIEST: STATE COMPROMISES, EPA SATISFIED

In July, the EPA asked the State Department to revise its environmental impact statement on the pipeline to consider greenhouse gas emissions, other environmental concerns and pipeline safety.

Secretary of State Hillary Clinton hinted in October her department was "inclined" to approve the line on energy security grounds. Since then a senior State Department official said approval is not a foregone conclusion.

Full article here

quote:

Yes, because the oil extracted in the US is sold to us below market value. Oh wait that would be a big NO! That is unless you want the Government to put price caps on domestic oil.

There are many reasons to be more self sufficient. Some idiotic belief that the price of domestic oil would somehow not follow the market price is not one of them.

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ORIGINAL: Marc2b
Yeah... because an increase in supply NEVER has any affect on prices.

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Absolutely none when the price is being driven over speculation rather than actual supply.