Oil Slick Stuff

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Buster said:
Well like you said..since these little eco-cars are on the road and using a lot less gas these days, Oil co's sell less and then Uncle Sam (US) needs more or the same revenue as before..so what's left?..MORE TAXES


Did you know that Uncle Sam stood for US?...So it ain't got nuttin to do with anybody's relatives:laugh:
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I thought it stood for United States?
 
Progress? Maybe, maybe NOT!:cool:
Canadian Company Starts Keystone Pipeline In Texas

by The Associated Press
|
Ramit Plushnick-Masti
|
Wednesday, January 22, 2014


HOUSTON (AP) — A Canadian company on Wednesday started delivering oil through the Texas portion of a proposed cross-border pipeline that has stirred controversy and tension between the United States and its northern neighbor.
TransCanada began delivering oil from a hub in Cushing, Oklahoma, to customers in Nederland, Texas, early Wednesday, Alex Pourbaix, president of energy and oil pipelines, said at a news conference. The company expects to complete a smaller pipeline that will transport oil from Nederland to refineries near Houston later this year.
The $2.3 billion pipeline from Cushing to Texas is the Gulf Coast — or southern portion — of TransCanada's proposed Keystone XL pipeline. This shorter leg will begin transporting on average about 300,000 barrels of oil daily and should end the year at an average of about 520,000 barrels, Pourbaix said.
The longer Keystone XL, which would transport heavy tar sands crude from Canada and oil from North Dakota's Bakken shale, requires a permit from President Barack Obama because it crosses an international border. That $5.4 billion segment has not yet been approved. Obama fast-tracked the shorter, southern portion of the pipeline with the hope of relieving a bottleneck in Oklahoma.
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- See more at: RIGZONE - Canadian Company Starts Keystone Pipeline In Texas
 
The POTUS has milked this cow long enough! milkcow.gif
Republican Senators Urge Obama To Move On Keystone XL Pipeline

by Reuters
|
Friday, January 24, 2014

The letter was timed ahead of the president's annual State of the Union speech on Tuesday, although it is unknown if Obama will make a reference to Keystone.
"Given the length of time your administration has studied the Keystone XL pipeline and the public's overwhelming support for it, you should not further delay a decision to issue a Presidential permit," the senators wrote to Obama in an effort led by John Hoeven of North Dakota and John Barrasso of Wyoming.
First proposed in 2008, TransCanada Corp's pipeline is currently awaiting a final environmental impact statement (EIS) from the U.S. State Department, which is involved in the process because the pipeline crosses a national border.
That report was thought likely to have been released in late 2013, although there was no firm deadline. The impact statement will trigger several more steps on the path to an approval or rejection of Keystone.
"We, therefore, request that you issue the final EIS and Presidential permit approving the pipeline as soon as possible and tell us when we can expect your decision," the senators wrote.
- See more at: RIGZONE - Republican Senators Urge Obama To Move On Keystone XL Pipeline
 
SHeeeeeeit! Markets bouncing back after a bear run (somebody shoot the damn bear please)...and now gas on the rise again, $2.95 this morning.
 
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