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kimbutgar

(21,157 posts)
Tue Oct 2, 2012, 01:06 PM Oct 2012

Will Keystone Pipeline go ahead no matter who is elected?

I read in a financial newsletter today that Wall Street thinks it will be a "lock" that no matter who wins the November election Obama or Rmoney the Keystone XL Pipeline will be approved. He thinks that investors will get "rich from the torrent of Canadian black gold that will boost shares prices of a select group of stock, reignite the US economy and redraw the global energy map"

It was the biggest piece of crap I have ever read. Do these people get it that they are ruining our environment and the it's only Canada that stands to make big money and the jobs will be short lived?

The newsletter also says one thing I agree with he thinks this election is no ordinary election and that it is a toxic election that will be a threat to income investors. He feels it is a recall referendum on the President and he states how the recall tore apart Wisconsin and our nation is so polarized that it's going to roil the markets. (Thank you right wing media and Fox)

19 replies = new reply since forum marked as read
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Will Keystone Pipeline go ahead no matter who is elected? (Original Post) kimbutgar Oct 2012 OP
The Petroleum Mafia has decreed Keystone will go forward. Raster Oct 2012 #1
Yes it will, and the reason is that profit is king in America, not people or water. 1-Old-Man Oct 2012 #2
Well said! City Lights Oct 2012 #9
Thank you. nt woo me with science Oct 2012 #14
Think about the jobs it wiil create...to hell with planet earth Tippy Oct 2012 #3
Somekind of deal is going to be made. The pieces are: drilling offshore/in protected reserves, patrice Oct 2012 #4
That is the way to look at it. klook Oct 2012 #5
This is also where the Environmental movement MUST put its REAL talent forward. We need patrice Oct 2012 #6
Fracking is so fucking crazy, one wonders if it wasn't thrown into the mix in order to put pressure patrice Oct 2012 #8
More Domestic Oil & Gas production will not lead to energy independence ashling Oct 2012 #11
That makes sense. Any good sources on the economics of that? patrice Oct 2012 #16
It's never gonna happen, ashling Oct 2012 #17
Obama is no environmentalist XemaSab Oct 2012 #7
A LOT depends upon where the center is. Some people might be interested in taking "new" patrice Oct 2012 #10
Yes, and so will cuts to Social Security, education deform, and more wars/police state. woo me with science Oct 2012 #12
Of course, MadHound Oct 2012 #13
Related from the Center for American Progress: pampango Oct 2012 #15
It will go forward and should go forward if the environmental impact bluestate10 Oct 2012 #18
Tar-sand, mined in Canada, transported to Texas, exported to god knows where for Canadian profit 1-Old-Man Oct 2012 #19

patrice

(47,992 posts)
4. Somekind of deal is going to be made. The pieces are: drilling offshore/in protected reserves,
Tue Oct 2, 2012, 01:16 PM
Oct 2012

fracking, and Keystone.

Personally, I am hoping for a safe secure bright GREEN line to be established in at least one of those arenas and I hope ALL advocates on any and ALL sides strive for that too, rather than harming the whole issue by going for mutually-assured destruction.

klook

(12,157 posts)
5. That is the way to look at it.
Tue Oct 2, 2012, 01:24 PM
Oct 2012

I'd like a world where all the petroleum extraction techniques you mention would be heavily restricted or eliminated, but I'm not sure if the votes will be there.

The reality is that there will be compromise, and probably none of us will be overly happy with the outcome.

patrice

(47,992 posts)
6. This is also where the Environmental movement MUST put its REAL talent forward. We need
Tue Oct 2, 2012, 01:32 PM
Oct 2012

strategy, long-term strategy and it's going to take some toughness and some creative intelligence to get that.

patrice

(47,992 posts)
8. Fracking is so fucking crazy, one wonders if it wasn't thrown into the mix in order to put pressure
Tue Oct 2, 2012, 01:37 PM
Oct 2012

on the other areas, which is really just fucking evil, because fracking also is not a bluff, not even a feint.

This means that, though a deal MUST be made, Environmentalists MUST also hold their ground, because they very well could get NOTHING for compromise.

It's one very very messed up situation, oil technologies have alternative technologies by the throat and they WILL do whatever they want no matter what anyone else tries to deal.

ashling

(25,771 posts)
11. More Domestic Oil & Gas production will not lead to energy independence
Tue Oct 2, 2012, 03:54 PM
Oct 2012

unless we first nationalize all domestic oil & gas production.

ashling

(25,771 posts)
17. It's never gonna happen,
Tue Oct 2, 2012, 07:08 PM
Oct 2012

this is just to counter the Drill baby Drill! meme. As long as they are producing it here and shipping it overseas and selling interest in it to China then we are corporately screwed!



patrice

(47,992 posts)
10. A LOT depends upon where the center is. Some people might be interested in taking "new"
Tue Oct 2, 2012, 01:44 PM
Oct 2012

steps if "the center" justified that even a little and some might even REACH a little if there's a way to do that.

Then, even if it all does go dysfunctional anyway, at least you have that much more (towards critical mass) that you can pull out of the wreckage . . . maybe.

woo me with science

(32,139 posts)
12. Yes, and so will cuts to Social Security, education deform, and more wars/police state.
Tue Oct 2, 2012, 04:11 PM
Oct 2012

Wake the hell up, America. We have a problem.

Until we stand up to the banks and corporations and get them out of our electoral process and our government, nothing will change. The rest of the world is waking up. We have better wake the hell up, too.

 

MadHound

(34,179 posts)
13. Of course,
Tue Oct 2, 2012, 04:14 PM
Oct 2012

The only reason Obama hasn't made the move before now is he needs the environmental vote. After the election, when that no longer matters, all bets are off.

pampango

(24,692 posts)
15. Related from the Center for American Progress:
Tue Oct 2, 2012, 04:21 PM
Oct 2012
The New Values Voters: Climate Change


Environmental activists gather outside the White House in Washington, Monday, August 22, 2011,
as they continue a civil disobedience campaign against the proposed Keystone XL oil pipeline from
Canada to the U.S. Gulf Coast.


For years, polling analysis on the environment has been grouped with other policy concerns like the economy and national security, rather than with “culture” issues such as same-sex marriage and abortion. But when the idea of environmental stewardship and care for the earth is articulated as a moral concern, this takes priority with voters above those traditionally listed culture issues. For their part, faith groups on both sides of the aisle are becoming bolder in their commitment to tackling climate change as a moral issue.

...climate activism has recently been in abundance—from the more than 60 religious leaders putting themselves at risk of arrest in Washington, D.C., at the Keystone XL protest in August 2011 to faith groups kicking off the first-ever nationwide antifracking rally in July 2012.

But as extreme weather continues to dominate headlines, a collective sense of urgency has energized existing and new multifaith contingents who look to both the church and the government for leadership and are unafraid to demand specific action on climate change from Congress and the Obama administration. Many of these groups feature an impressive roster of civil rights, social justice, environmental, and public health-minded faith leaders, and their demands—from preventing pipeline construction and ending Appalachian mountaintop removal, to capping carbon emissions, to dramatically reducing energy consumption and increasing energy efficiency and renewables—are increasingly rooted in climate science.

Fast facts
57 percent of voters in 2010 cited the environment as very important to the congressional elections. This ranked higher than either abortion or same-sex marriage.
47 percent of regular churchgoers say their clergy speak out on the environment, almost always to encourage environmental protection. When presented with the idea of a spiritual obligation to act as good stewards of the environment, three out of four believers were somewhat or strongly convinced.
81 percent of all Americans favor greater legal and regulatory protections for the environment. Strong majorities of each religious group polled said that Earth’s average temperature is getting warmer.

http://www.americanprogress.org/issues/religion/news/2012/10/02/40301/the-new-values-voters-climate-change/

bluestate10

(10,942 posts)
18. It will go forward and should go forward if the environmental impact
Tue Oct 2, 2012, 07:49 PM
Oct 2012

study that is being done show that the pipeline can be built and operated safely. But expect the builders and operators to give up something, like agree to strict environmental controls like multiple containment and internal sensors to detect leaks before those leaks break outer containment.

1-Old-Man

(2,667 posts)
19. Tar-sand, mined in Canada, transported to Texas, exported to god knows where for Canadian profit
Tue Oct 2, 2012, 07:54 PM
Oct 2012

Transported doesn't really describe it. The material is sand in a slurry, it is both toxic and extremely abrasive, and it will be pumped at high temperature and pressure across the full north->south width of the country across the acquirer that feeds a third of the country, its "breadbasket". What could possibly go wrong. And who will profit from the operation of this timebomb? The Canadian company that is building it of course. Aside from some initial ditch-digging and pipe laying jobs - which will disappear from each community along the way just as fast as the dozer's can move taking what few jobs they create with the pipeline's southern progress, there will be nearly no long term employment generated by the death-defying project.

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