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View Full Version : Obama Dumb move makes China and Iran Happy, screws the US


HonestChieffan
01-20-2012, 08:52 AM
(Reuters) — President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil exports.

Prime Minister Stephen Harper, in a telephone call yesterday, told Obama “Canada will continue to work to diversify its energy exports,” according to details provided by Harper’s office. Canadian Natural Resource Minister Joe Oliver said relying less on the U.S. would help strengthen the country’s “financial security.”

The “decision by the Obama administration underlines the importance of diversifying and expanding our markets, including the growing Asian market,” Oliver told reporters in Ottawa.

Currently, 99 percent of Canada’s crude exports go to the U.S., a figure that Harper wants to reduce in his bid to make Canada a “superpower” in global energy markets.

Canada accounts for more than 90 percent of all proven reserves outside the Organization of Petroleum Exporting Countries, according to data compiled in the BP Statistical Review of World Energy. Most of Canada’s crude is produced from oil-sands deposits in the landlocked province of Alberta, where output is expected to double over the next eight years, according to the Canadian Association of Petroleum Producers.

http://www.bloomberg.com/news/2012-01-19/canada-pledges-to-sell-oil-to-asia-after-obama-rejects-keystone-pipeline.html

Donger
01-20-2012, 10:18 AM
Yep. And of course, Obama had to have known this. His decision was and is the epitome of stupidity.

BucEyedPea
01-20-2012, 10:30 AM
Canada is out top supplier out of four. Very bad!

He may be doing this to appeal to his whack-a-doodle environmental anti-oil consituency for election purposes.

oldandslow
01-20-2012, 10:51 AM
Canada is out top supplier out of four. Very bad!

He may be doing this to appeal to his whack-a-doodle environmental anti-oil consituency for election purposes.

Honestly, all of this is much ado over nothing...as soon as trans canada reroutes away from the Sand Hills of NE the pipeline will be built. It will wait until after the election tho. He has weighed the number of votes he will lose from environmentalists and it is higher than those who are gonna vote repub anyway, not matter what he does with Keystone.

Donger
01-20-2012, 10:57 AM
Honestly, all of this is much ado over nothing...as soon as trans canada reroutes away from the Sand Hills of NE the pipeline will be built. It will wait until after the election tho. He has weighed the number of votes he will lose from environmentalists and it is higher than those who are gonna vote repub anyway, not matter what he does with Keystone.

Or, Enbridge will complete their pipeline from Alberta to BC, making the oil ready to be transported across the Pacific.

Pioli Zombie
01-21-2012, 04:22 PM
Map filth. Hey China, suck my Florida.