Guest
11-16-2011, 10:50 PM
President Obama’s recent decision to ‘delay’ the decision on whether or not to build the Keystone pipeline has effectively killed it and diverted oil that would have been a secure supply for the United States to China. Canada IS going to develop this incredibly large reserve and IS going to sell the oil. The only question is what nation will be the customer. If work is not to go forward on the Keystone pipeline, then work will go forward on a pipeline to transport the oil to Canada’s west coast for transport on tankers to China.
China will contract for the entire output, guaranteeing Canada not only a customer for its oil but a guaranteed price. Canada cannot afford to wait fifteen months to see if the United States will or will not build the pipeline and buy the oil at terms beneficial to Canada. The advantages in this situation accrue to China who will have guaranteed oil at a guaranteed price and to the Middle Eastern oil producing nations who will continue to be in a position to sell oil to the United States at inflated prices under the threat of cutting off the oil entirely.
Similar to this has been President Obama’s decision to essentially halt development of oil in the Gulf of Mexico. Drilling is now underway in the Gulf in waters on the US/Cuba international borders. This oil will first be used to meet Cuba’s needs with the considerable surplus going to China. The advantage in this situation accrues to China, Cuba and the Middle-Eastern Countries at the peril of the United States.
President Obama similarly shut down a Shell Oil project in Alaska claiming it posed an air pollution hazard to an Eskimo community seventy miles away!
The Gulf shutdown has resulted in over 100,000 jobs lost. The cancellation of the Keystone Pipeline has cost 20,000 high-paying direct jobs on the pipeline and several times that in ancillary production and services jobs. I have no figure for the loss of jobs in Alaska, but it is considerable.
Two of these three decisions benefitted China directly and all three assured the Middle East’s continued ability to have control of America’s oil supply. The United State’s energy supply and economy have been sacrificed in all three. When you look at this, it is fair to ask, “What country/countries is President Obama supporting?”
China will contract for the entire output, guaranteeing Canada not only a customer for its oil but a guaranteed price. Canada cannot afford to wait fifteen months to see if the United States will or will not build the pipeline and buy the oil at terms beneficial to Canada. The advantages in this situation accrue to China who will have guaranteed oil at a guaranteed price and to the Middle Eastern oil producing nations who will continue to be in a position to sell oil to the United States at inflated prices under the threat of cutting off the oil entirely.
Similar to this has been President Obama’s decision to essentially halt development of oil in the Gulf of Mexico. Drilling is now underway in the Gulf in waters on the US/Cuba international borders. This oil will first be used to meet Cuba’s needs with the considerable surplus going to China. The advantage in this situation accrues to China, Cuba and the Middle-Eastern Countries at the peril of the United States.
President Obama similarly shut down a Shell Oil project in Alaska claiming it posed an air pollution hazard to an Eskimo community seventy miles away!
The Gulf shutdown has resulted in over 100,000 jobs lost. The cancellation of the Keystone Pipeline has cost 20,000 high-paying direct jobs on the pipeline and several times that in ancillary production and services jobs. I have no figure for the loss of jobs in Alaska, but it is considerable.
Two of these three decisions benefitted China directly and all three assured the Middle East’s continued ability to have control of America’s oil supply. The United State’s energy supply and economy have been sacrificed in all three. When you look at this, it is fair to ask, “What country/countries is President Obama supporting?”