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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: clochard who wrote (158720)10/20/2011 2:46:11 PM
From: teevee13 Recommendations  Read Replies (2) of 206093
 
XL is an example of a project that has no real benefit to Americans and is inefficient and wasteful. Why should crude oil be pumped thousands of miles and then be shipped around the world when it is needed in North America? Let Canadians put a pipeline across their own country to their own port if they want to. They obviously want to get world prices so let them pay for the POS project themselves.

clochard,
You should know that 25% of capacity is dedicated to US oil production from the Bakken Fm in the Dakota's. Another 25% is dedicated to Exxon's production from its Kearl oil sands project under development. The bottom line here is that US and Canadian producers share pipeline capacity 50% each. Do you have a problem with a continental energy strategy where countries and producers try to find solutions that are mutually beneficial? Canada is an open country that allows foreign investment by companies like Exxon, and the US is an open country that allows foreign investment. Killing the XL pipeline would send the wrong message to the world. Perhaps you prefer getting oil from the middle east which supports islamic regimes, or from dictatorships like Venezuala who have made oil deals with China which include Chinese military bases? Please clarify your position.
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