• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 hours Oil prices going Up? NO!
  • 1 day Could Venezuela become a net oil importer?
  • 4 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 3 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 1 day Gazprom Exports to EU Hit Record
  • 8 hours Oil prices going down
  • 11 hours Could oil demand collapse rapidly? Yup, sure could.
  • 1 day Oil Buyers Club
  • 2 days Why is permian oil "locked in" when refineries abound?
  • 10 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 2 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 8 hours Saudi Arabia turns to solar
  • 1 day Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 10 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 days EVs Could Help Coal Demand
  • 3 hours Are Electric Vehicles Really Better For The Environment?
Shale CEO: U.S. To Be The World’s Top Oil Producer By Fall

Shale CEO: U.S. To Be The World’s Top Oil Producer By Fall

Pioneer Natural Resources chief Scott…

TransCanada Re-submit their Keystone XL Permit Application

In January Obama decided to reject TransCanada’s application for a permit to build the Keystone XL pipeline to transport crude from the oil sands in Alberta, Canada to refineries in the United States. His administration declared that the deadline of February 21, by which they had to make the decision, did not give them enough time to appropriately evaluate the pipelines impact.

On Friday the State Department announced that TransCanada has re-submitted its application, and that they must now determine whether approving the new routes will be in the nation’s best interest.

They will consider “many factors, including energy security, health, environmental, cultural, economic, and foreign policy concerns,” and will then submit their answer by April 2013.

Russ Girling, the chief executive of TransCanada said that, “the multi-billion dollar Keystone XL pipeline project will reduce the United States’ dependence on foreign oil and support job growth by putting thousands of Americans to work.” He had a meeting behind closed doors with the assistant secretary of state, Kerri-Ann Jones, who oversaw the initial permit application.

Both Republicans and some union leaders urged Obama to approve the presidential permit.

John A. Boehner, the House Speaker, issued a statement saying, “Today there is just one person standing in the way of tens of thousands of new American jobs: President Obama. After nearly four years of review, delay, and politics, he is out of excuses for blocking this job-creating energy project any longer.”

Although environmentalists will continue to provide consistent pressure against the approval of the pipeline. Anthony Swift, an attorney in the Natural Resources Defense Council, blogged that, “tar sands are the world’s dirtiest form of oil, require a devastating process that lays waste to forests to extract tar sands bitumen, a thick low grade fuel that has significantly higher emissions than conventional crude. Tar sands pipelines also appear to pose higher risks — both in number and severity of pipeline spills.”

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Zenia Brown on May 09 2012 said:
    The comment you made that "the pipeline will reduce our dependency on foreign oil" is ludicrous. Last time I checked, Canada was not a province of the US. Its a foreign country, for heaven's sake!
    Stupid.

    littleoptionstrader@blogspot.com

Leave a comment

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