• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 15 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 11 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 2 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 5 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 5 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 15 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Saudi Fund Wants to Take Tesla Private?
  • 11 hours Starvation, horror in Venezuela
  • 3 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 16 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 17 hours France Will Close All Coal Fired Power Stations By 2021
The Productivity Problem In The Permian

The Productivity Problem In The Permian

The pipeline capacity crisis in…

Why Saudi Arabia Cut July Oil Production

Why Saudi Arabia Cut July Oil Production

Saudi Arabia’s oil production in…

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

Oilprice - The No. 1 Source for Oil & Energy News