• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 12 days Does Toyota Know Something That We Don’t?
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 2 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Kyrgyzstan’s Explosive Car Market Growth Raises Eyebrows

Kyrgyzstan’s Explosive Car Market Growth Raises Eyebrows

Kyrgyzstan is seeing significant growth…

This Could Be A Gamechanger For Natural Gas In Europe

This Could Be A Gamechanger For Natural Gas In Europe

Europe’s lack of energy security…

On Keystone XL, Obama Must Choose Between Donors and Senate

President Obama recently told a group of governors in a closed-door meeting that he would make a decision on the infamous Keystone XL pipeline within a “couple” of months. Those remarks came as a surprise because doing so before the mid-term elections will pose a significant risk, no matter which way he chooses.  If the President rejects the pipeline, he puts the Democrats’ control of the Senate at risk. Several Democratic Senators that are from conservative states and/or from states with a large presence of oil and gas drilling are up for tough reelections. On the other hand, if he approves the pipeline, the President risks blowing off powerful Democratic donors, including billionaire Tom Steyer who has shown a willingness to pour millions of dollars into election races for Democrats.

Senators Mary Landrieu (D-LA), Mark Begich (D-AK), Kay Hagan (D-NC), and Mark Pryor (D-AR) are four of the most vulnerable. They all support the Keystone XL pipeline and polling data suggest that some voters in their state would be less likely to vote for them should the President reject the pipeline.

Related Article: Keystone XL’s Miniscule CO2 Impact and the Bigger Picture

Bloomberg reports that many of the President’s advisors oppose the pipeline, including Valerie Jarrett, Dan Pfeiffer, and John Podesta. Obama himself has publicly dismissed some of the rosy jobs figures projected by the oil and gas industry, offering hints that he may personally not favor the project. But, he also apparently feels that the huge political fight has surpassed the pipeline’s importance – it will neither be an enormous source of greenhouse gases, nor will it lead to energy independence, as both sides claim.

It would appear then that from a political perspective, the President would be better positioned to wait until after the mid-term elections, at which point he could make a decision either way without such enormous consequences.

By Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage



Leave a comment
  • Sela on March 24 2014 said:
    Sadly, you are quite correct and Steyer has proven this by making his message partisan rather than pro-climate.
  • TexasRick on March 21 2014 said:
    Yeah, right. I'm sure Steyer will be so upset that he will turn right around and start supporting Republicans. Are you kidding? Democrats own the liberal environmentalists, they aren't going anywhere. Just like minorities, they are taken for granted and treated like crap knowing that they will continue to licking the boots of the Democrat party leaders, no matter what.

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