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Keystone to the Kingdom
Washington Free Beacon, by Matthew Continetti

Original Article

Posted By:StormCnter, 12/13/2013 10:15:19 AM

The White House’s newest staffer is John Podesta, the 64-year-old founder of the Center for American Progress (CAP), the head of President Obama’s 2008 transition team, a former chief of staff to President Clinton, and a former lobbyist and cofounder, with his brother Tony, of the Podesta Group. You know: an outsider. Podesta is joining the administration for one year as White House counselor specializing in energy policy. And despite the fact that he has done more than any other unelected official to shape the policies of cap-and-trade and green energy subsidies, and to employ and place the talent that has

      


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Reply 1 - Posted by: oh-heck, 12/13/2013 11:02:51 AM     (No. 9652321)

There are 3 reasons to complete the pipeline:

1) It is a capital project being paid for with Canadian money but employing US union members
2) Some of our biggest refineries installed specialized refining capability to handle very heavy oil. It would help their competitiveness to have this cheap supply of heavy oil. Every barrel processed expands into 1.1 barrels of product. The 0.1 barrel is counted as oil production by the refinery.
3) If OPEC tried to drive North American producers out of the market with bargain basement oil, it would be nice if there were oil with high production cost and low sales price to be squeezed first. The volume in the pipeline could be replaced with oil from ND, SD, and WY. Shipping by pipe instead of rail would save $10 a barrel.

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Reply 2 - Posted by: slab, 12/13/2013 11:14:11 AM     (No. 9652340)

Dittos, #1. Guess who are prime beneficiaries of stalling Keystone XL, and the necessary use of the railroad to transport oil from ND, surrounding areas, and Canada? Warren Buffett (BNSF) and Zippy´s new Commerce Secretary Penny Pritzker (Union Tank Car Co.).

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Posted By: JoElla Bee- 3/1/2014 6:29:29 PM     Post Reply
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