• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 23 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 4 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 5 mins Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 10 hours NordStream2
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 47 mins Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 14 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days 2019 - Attack on Saudi Oil Facilities.
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years
Will Rivian Become The Next Tesla?

Will Rivian Become The Next Tesla?

Rivian Automotive just went public,…

Biden’s Blunder Could Send Oil Prices To $100

Biden’s Blunder Could Send Oil Prices To $100

While oil prices crashed on…

Daniel J. Graeber

Daniel J. Graeber

Daniel Graeber is a writer and political analyst based in Michigan. His work on matters related to the geopolitical aspects of the global energy sector,…

More Info

Premium Content

What 2013 and Sec. Kerry Hold for Keystone XL

When the Obama administration formally enters its second term in a few short weeks, U.S. lawmakers will have presumably averted sending the national economy into a tailspin and will be looking ahead to more pressing foreign policy issues like the pending Afghan drawdown and the so-called pivot to Asia. At the helm of that drive will be John Kerry, tasked last week with taking over for retiring Hillary Clinton as secretary of state. Kerry has been a staunch ally of the green movement, saying climate issues are as important as many national security matters. At the top of the 2013 agenda will be the status of the Keystone XL pipeline, though by the time Kerry starts his new job, his voice might not matter.

Kerry has been the presumptive Plan B for the Obama administration's pick for secretary of state after U.S. Ambassador to the United Nations Susan Rice. Rice was an early target of environmentalists, who derailed an otherwise-qualified secretary of state because of her "significant investments" in Canadian oil companies, including Keystone XL overseer TransCanada. Kerry, for his part, has rallied against the "insidious conspiracy" launched by those who deny the very real effects that industrial activity has on the climate. Some of those same environmental groups are already calling on Kerry, who's expected to sail through the nomination process, to block the Keystone XL pipeline.

Related Article: Energy Independence is Nothing but an Illusion in the Modern World

Despite a steady hum of protests from Texas landowners and protest groups, TransCanada is moving ahead with construction of the Gulf Coast project, which represents the domestic leg of Keystone XL. The company needs the State Department's approval for the entire project because it would cross the U.S.-Canadian border. Before Kerry was picked, TransCanada's CEO Russ Girling said the next U.S. secretary of state should review the project with the national interest in mind.

U.S. Secretary of State Hillary Clinton tarnished her stance on the project when, in 2010, she said the State Department would likely accept "dirty oil from Canada" rather than "dirty oil" from the Middle East. With Clinton stepping aside, signing off on the project is presumably a matter for Kerry, who's been keeping tabs on the project while leading the Senate Foreign Relations Committee.

"We’ve hosted several briefings with the State Department to discuss the environmental impact assessments as well as the process for determining the national interest," he said in a statement.

Related Article: The Bakken Oil Boom: Moving "Back Home" to Montana?

But Girling, TransCanada's boss, said a new secretary of state doesn't mean much for his company, which scored victories for the project in Texas, Nebraska and Montana. U.S. Rep. Fred Upton, a Michigan lawmaker who heads the Energy and Commerce Committee, said there was an "imposing wall" that divides Republicans and the Obama administration on energy policies. On one side stands renewable energy projects like the controversial loan program that ensnared solar panel company Solyndra. On the other side stands Keystone XL. With the Obama administration looking to sign off on the pipeline soon, however, it likely won't matter how quickly Kerry sails through the nomination process as his first day in office will be filled with key foreign policy issues that likely matter more than an oil pipeline.

By. Daniel J. Graeber of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Randy Smith on January 01 2013 said:
    According to climate scientist James Hansen if we choose to buhe Canada Tar Sands them it's game over for our chance to save the climate. It'll be hell on earth in 80 years.
  • bobby clark on January 20 2013 said:
    How many shares in Keystone does John Kerry own?
    http://www.cbc.ca/news/world/story/2013/01/17/john-kerry-keystone-xl.html

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News