Tag Archives: Keystone

Gulf coast wants to know what the holdup is in getting Alberta’s Keystone approved

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HOUSTON, TEXAS — With Alberta bitumen languishing for want of pipelines to refineries and tidewater, on the other end of the proposed TransCanada Keystone XL pipeline, the Texas Gulf Coast is crying out for Canadian crude.

Over a plate of steaming crawfish at Houston’s Ragin’ Cajun, David Holt, president of the North American-based Consumer Energy Alliance, says hope for the Keystone’s a bi-national thing: Canadian crude is already America’s number one energy partner, so a conduit to bring the safe, abundant, reliable supply of energy — and some needed job revitalization — into the Gulf Coast is essential.

Read more: http://tinyurl.com/bf98862

Pressure rises on Obama from Senate to OK Keystone pipeline route

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More than half the Senate on Wednesday urged quick approval of TransCanada’s controversial Keystone XL oil pipeline, ramping up pressure on President Barack Obama just days after he promised in his inaugural address to respond vigorously to the threat of climate change.

A letter signed by 53 senators said Nebraska Gov. Dave Hei-neman’s approval of a revised route through his state puts the long-delayed project squarely in the president’s hands.

Read more: http://tinyurl.com/bf835mb

 

Nebraska governor approves Keystone XL pipeline route

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Nebraska Gov. Dave Heineman approved a new route for the Keystone XL oil pipeline on Tuesday that avoids the state’s environmentally sensitive Sandhills region.

Heineman sent a letter to President Barack Obama confirming that he would allow the controversial, Canada-to-Texas pipeline to proceed through his state.

Read more: http://tinyurl.com/afhdblk

 

Report cites minimal impact on Nebraska environment from revised Keystone XL route

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EDMONTON – The rerouted northern leg of the Keystone XL pipeline between Hardisty and Steele City, Neb.,  moved back into the spotlight Friday after a report from the state’s department of environmental quality said the project would have “minimal environmental impact.”

Republican Gov. Dave Heineman said he would “carefully review” the 2,000-page report, make a decision within 30 days and send his recommendation to the U.S. State Department, which is expected to issue its final report this spring. The State Department recommendation will go to President Barack Obama, who rejected an earlier iteration of the 3,460-kilometre TransCanada Corp. (TSX:TRP)  pipeline from Alberta to Oklahoma about a year ago.

Read more: http://tinyurl.com/ag26ovq

 

Hicks on Biz: The oilsands are fine

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Doom!

Suncor is hauling on the reins, slowing oilsands expansion plans to a walk, if not a crawl.

Gloom!

With no Keystone XL pipeline to the south and no Northern Gateway pipeline to the west, our bitumen and synthetic crude oil is stranded in Fort McMurray.

Toil!

North America is awash in oil. There’s more of the stuff thanks to new discoveries and new recovery technology in the USA. Consumption is dropping as the American economy remains stagnant and vehicles use less fuel. The price is dropping. Gasoline is below a buck a litre at the pumps. Great for Martha and Henry’s day-to-day budget. Not so great if Henry loses his oil-services job.

Read more:  http://tinyurl.com/belola8  

Senators turn up pressure on Obama to approve Keystone pipeline

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WASHINGTON — A bipartisan group of senators on Friday urged President Barack Obama to quickly issue a permit for the northern leg of the Keystone XL pipeline, a project environmental groups have vowed to keep fighting.

The senators — nine Democrats and nine Republicans — asked Obama to approve the pipeline because it will create jobs and reduce the need for oil from the Middle East. They were led by Max Baucus, a Montana Democrat and powerful chair of the Senate Finance Committee, and John Hoeven, a North Dakota Republican. Both senators represent the booming Bakken oil region.

Read more:  http://tinyurl.com/bzu5vmo

Oil industry looking strong

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Strathcona MLA Dave Quest gave a full update on Alberta’s goings-on at the Sherwood Park and District Chamber of Commerce luncheon earlier this month, addressing the oil industry in Western Canada.

Quest noted the two major pipelines planned for the west: the Keystone Pipeline and the Northern Gateway line.

The Keystone line would run from Alberta to the Texas coast, with Quest acknowledging that some opposition has been put forward by Nebraska.

Read more:  http://tinyurl.com/bww5kk5

Economy hinges on big projects

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Members of the Sherwood Park and District Chamber of Commerce received a presentation from the chief economist for the City of Edmonton in October, with the key message being that the regional economy will hold strong in the short term, but the outlook is less optimistic for the longer term if certain projects are not approved.

Read more: http://tinyurl.com/cpwvp97