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Obama vetoes Keystone bill
In your face Republicans!
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Gas prices jumped about 10 cents a gallon here today (based on the stations I drive by regularly).
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By the way, the pipeline may still happen. Obama's veto wasn't because he doesn't approve of the pipeline. It was because Congress was trying to encroach on executive authority in passing legislation that's in effect an international treaty. Obama could authorize the deal tomorrow. John |
A fracking interesting article:
"Oil producers and Wall Street analysts claim the setback in the fracking industry brought on by the collapse in oil prices will be brief and minor. Don’t believe them." http://fortune.com/2015/01/09/oil-pr...hale-fracking/ |
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I suspect another factor we're seeing is the current strike at a lot of refineries by the United Steel Workers. GO USW!!!!!;) |
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The Saudis are here for the long haul. Additionally reasonably priced oil reduces the thrust for alternative energy. |
I for one am very glad that we are miles away from any rail lines because it is going by rail, along with a lot of the fracked oil from ND. Already derailed one lot in West VA.
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I am starting to think that Obama should just give them the symbolic victory in a show of goodwill since Keystone is a red herring: 1) It does not matter and it is one pipeline of many we already have built and 2) transferring by train as we have seen can be dangerous. Maybe the idiots will feel guilty and pass something Obama wants. I know naive assumption.
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You can't negotiate with terrorists. |
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By the way, no change here in the past few days, however prices are up about 40 cents a gallon since their low about 2 months ago. |
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