October 28, 2011 |
For more than five decades, the world's oil map has centered on the Middle East. No matter what new energy resources were discovered and developed elsewhere, virtually all forecasts indicated that U.S. reliance on Mideast oil supplies was destined to grow. This seemingly irreversible reality has shaped not only U.S. energy policy and economic policy, but also geopolitics and the entire global economy. But today, what appeared irreversible is being reversed. The outline of a new world oil map is emerging, and it is centered not on the Middle East...
January 18, 2012 |
President Obama, denouncing a "rushed and arbitrary deadline" set by congressional Republicans, announced Wednesday that he was rejecting a Canadian firm's application for a permit to build and operate the Keystone XL pipeline , a massive project that would have stretched from Canada's oil sands to refineries in Texas. Obama said that the Feb. 21 deadline, set by Congress as part of the two-month payroll tax cut extension , made it impossible to adequately review the project proposed by TransCanada.
January 18, 2012 |
1 . The pipeline would have been catastrophic for global climate change. For opponents of the Keystone XL pipeline, the issue was one of simple math: The project would have facilitated increased production of Canadian oil sands, and a gallon of gasoline derived from oil sands produces 5 to 15 percent greater greenhouse gas emissions than a gallon of gasoline made from a typical barrel of conventional oil. Also, they noted, Canada's oil...
March 1, 2013 |
The State Department released a draft environmental impact assessment of the controversial Keystone XL pipeline Friday, suggesting that the project would have little impact on climate change. Canada's oil sands will be developed even if President Obama denies a permit to the pipeline connecting the region to Gulf Coast refineries, the analysis said. Such a move also would not alter U.S. oil consumption, the report added. The lengthy assessment did not...
February 27, 2012 |
The Canadian firm hoping to build a massive oil pipeline from Canada to the U.S. gulf coast announced Monday that it will push ahead with plans to construct the segment running from Cushing, Okla., to Port Arthur, Texas, and will apply for a federal permit for the cross-border section of the pipeline. The move by TransCanada would alleviate the glut of oil at Cushing, a major terminal, and address one of the main reasons for building the controversial Keystone XL pipeline ....
September 22, 2011 |
In lobbying for a presidential permit to construct a massive oil pipeline stretching from Canada to the Gulf Coast, TransCanada's Paul Elliott has tried nearly every angle. Elliott — who served as Secretary of State Hillary Rodham Clinton's national deputy campaign manager in 2008 — sought to broker multiple meetings between senior State Department officials and TransCanada executives. He offered to enlist TransCanada officials' aid in helping State...