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Old 12-15-2014, 12:22 PM
 
31,965 posts, read 21,382,788 times
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it would be kinda ironic if, after all this arguing, it came down to this..

Quote:
The same collapse in oil prices that is pumping dollars into motorists’ wallets also risks undermining the case for building the 1,179-mile pipeline in two crucial ways: It’s squeezing the western Canadian oil industry that has looked to Keystone as its most promising route to the Gulf Coast. And anti-pipeline activists hope that falling prices will make it politically safer for Obama to reject the project, despite the new Republican Congress’ pledges to put Keystone at the top of its 2015 energy agenda.

Will cheap oil kill Keystone? - Elana Schor - POLITICO
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Old 12-15-2014, 06:44 PM
 
54,179 posts, read 29,213,279 times
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Duh.

Of course it's gonna kill it. And it'll kill a lot more than just Keystone.
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Old 12-15-2014, 08:11 PM
 
Location: N. Ga
3,775 posts, read 3,482,496 times
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Quote:
Originally Posted by desertdetroiter View Post
Duh.

Of course it's gonna kill it. And it'll kill a lot more than just Keystone.
Actually... if you want to get technical it won't kill Keystone. It is already in the ground pressured-up. Will it kill XL? For a while ... it will get postponed till prices come back up, but the pipe is already racked for it so eventually it will go or the pipe will be used somewhere else. And if I was betting, this next time it'll be designed differently as to not go across an International Border and not require Presidential approval. Most probably under a different name, but it'll be back on the table someday.. Heck it took 12 years for the Bison Line to go. Almost as long for Rex West line.

What it is however going to destroy is the oil booms currently going on in the Marcellus and Bakken. It's already starting. The rigs are laying off right-and-left, and I'd bet your going to see a huge spike in unemployment soon..... Plunging oil prices here though are kicking South American production up for some reason though.... one company I know of just picked up 3 more years there laying pipe.
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