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Obama Delays Decision On Keystone Pipeline Yet Again
Hugh Pickens DOT Com (2995471) writes "The Christian Science Monitor reports that once again, the Obama administration has pushed back a final decision on the controversial Keystone XL pipeline possibly delaying the final determination until after the November midterm elections. In announcing the delay, the State Department cited a Nebraska Supreme Court case that could affect the route of the pipeline that may not be decided until next year, as well as additional time needed to review 2.5 million public comments on the project. Both supporters and opponents of the pipeline criticized the delay as a political ploy. Democratic incumbents from oil-rich states have urged President Obama to approve the pipeline but approving the pipeline before the election could staunch the flow of money from liberal donors and fund-raisers who oppose the project. The Senate Republican leader, Mitch McConnell said in a statement that "at a time of high unemployment in the Obama economy, it's a shame that the administration has delayed the construction of the Keystone XL pipeline for years." Activists say its construction could devastate the environment, but several State Department reviews have concluded that the pipeline would be safe and was unlikely to significantly increase the rate of carbon pollution in the atmosphere. Even if the pipeline was canceled, it said, the oil sands crude was likely to be extracted and brought to market by other means, such as rail, and then processed and burned."
Every action that increases the cost of gasoline increases the profit in producing it.
What the anti oil people have failed to grasp is that they're making the oil companies rich at everyone else's expense.
If I didn't know better, I'd think the whole anti oil campaign were a conspiracy by the oil companies to raise prices. Because that has been the result.
We are only getting fracking in the first place because oil got expensive enough to justify the practice. If oil were cheaper then there would be no fracking.
Increase the cost further and see what happens next. But it won't be the green revolution.
Long story short, batteries are what is holding back green technology. Batteries are shit. Until that changes the green revolution will mostly be a luxury feel good item for the wealthy. Anyone outside of the elite simply won't be able to afford to go fully solar with an electric car, etc.
Which means we're on gas. And prices for gas will have to get astronomic before it will overwhelm the price advantage that gas has over electric.
I've decided to stop wasting my time responding to AC trolls/sockpuppets... so if you want a response from me... login.
What they need to do is build refineries in North Dakota, where there is plenty of oil, and also natural gas to power them.
We don't want all the refining capacity of the nation to be in the Gulf where it could be all shut down by a hurricane. (stronger and more frequent due to climate change)