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Thread: What does Hillary think about....

  1. #11
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    CNOOC'S Nexen Deal Shows How Obama Pushed Canada Toward China

    FORBES: When President Barack Obama rejected the Keystone XL oil pipeline, it spurred Canada to look to China as a new partner that could serve as a market for the increasing oil production coming out of Canada’s tar sands. Now, half a year following Obama’s decision, Canada’s vital oil industry appears to be drifting to China.

    CNOOC, a state-owned China oil producer, announced on Monday that it has inked a $15.1 billion deal to buy Nexen, one of the crown jewels of Canada’s oil and gas sector. The Canadian government seems poised to approve the landmark deal given Canadian Prime Minister Stephen Harper’s courtship of Chinese investment and CNOOC’s deft political maneuvers, like promising to make Calgary the head office of the company’s North American and Central American operations.

    Chinese influence in Canada has become very strong in recent years. But the Nexen deal brings this trend to a whole other level and will serve as a test of Canada’s new commitment to diversify its economic dependence away from the U.S. in the aftermath of the Keystone decision. This would be a strategic setback for the U.S., which has been searching for years for secure sources of oil that are free from the political uncertainty that exists in Venezuela and the Middle East. Canada seemed like the perfect answer, a friendly and politically stable ally in America’s own backyard that had in recent years unlocked a massive new oil reserve using new technologies and innovation.

    But Obama’s rejection of TransCanada Corp.’s Keystone XL Pipeline, which was designed to transport oil drawn from Canada’s tar sands down to the U.S. market, offended many Canadians. Harper responded to the snub by heading to China to start negotiating energy deals. Canada seems ready to embrace a stronger economic link with China. The historically strong U.S.-Canada relationship massively benefited both countries; it seems both countries could come to regret it if the economic and political relationship continues to weaken.
    http://www.forbes.com/sites/nathanva...-toward-china/

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  3. #12
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    Quote Originally Posted by Raymond Little View Post
    Yep, technology never advances, always "static".

    http://thinkprogress.org/climate/201...s-green-light/
    For years the Bureau of Mines had an operation in Rifle CO dealing with shale, long closed down a
    long with many other BM stations. Today I understand why as it was a cheap & low profile way of
    appeasing the environmental wacko's.

    As one person said, with the Shell protests up here "What do they think their plastic kayaks are
    made of".

    I'd like to believe if those BM operations were open, we would have a lot more progress on those
    environmental issues. Favorite major at SDSM&T for the girls, Mining Engineering .
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  4. #13
    Senior Member Raymond Little's Avatar
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    Shale producers who aren't stretched will be making money at fiddy a barrel very soon. Drill more, Drill here isn't just a phrase, it's fact but that wouldn't fit the narrative of a weak America like the Idiot in Chief wants us to be.
    "Do more than is required of you"
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  6. #14
    Senior Member Henlee's Avatar
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    Quote Originally Posted by IowaBayDog View Post
    You think Oil will never go up again so we shouldn't have infrastructure in place to accommodate it?
    Absent a major disaster I think oil prices will be down for the foreseeable future. No I don't think we ought to spend billions on a new pipeline on the hopes that it might be used one day.
    "It’s hard to win an argument with a smart person, but it’s damn near impossible to win an argument with a stupid person." - Bill Murray

  7. #15
    Senior Member Raymond Little's Avatar
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    Quote Originally Posted by Henlee View Post
    Absent a major disaster I think oil prices will be down for the foreseeable future. No I don't think we ought to spend billions on a new pipeline on the hopes that it might be used one day.
    Please reread the statement highlighted in RED and ask your self Who the 'WE" is you are referencing? Unlike Planned Parenthood, there will not be any Public money used to build a "Private" pipeline. I have lived through 4 boom and bust cycles while growing up in the oil patch and making my living from those working in said patch. It will come back but nobody knows exactly when but it will come back. Bust cycles are beneficial at times because they make companies get lean and develop technologies that keep them in business during lean times. I am sure you also don't believe in business cycles or "Trickle Down Economics", you know, when i hire a contractor, he hires laborers, buys materials,ect. Building an $85,000 boat barn at my house very soon and I am sure that $85,000 is going to be multiplied at least two or three times by support personnel. Shrillery has no clue about business cycles or "Trickle Down" since she has never created anything but slush funds with other peoples money.
    "Do more than is required of you"
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  8. #16
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    Quote Originally Posted by steveMO View Post
    CNOOC'S Nexen Deal Shows How Obama Pushed Canada Toward China

    FORBES: When President Barack Obama rejected the Keystone XL oil pipeline, it spurred Canada to look to China as a new partner that could serve as a market for the increasing oil production coming out of Canada’s tar sands. Now, half a year following Obama’s decision, Canada’s vital oil industry appears to be drifting to China.

    CNOOC, a state-owned China oil producer, announced on Monday that it has inked a $15.1 billion deal to buy Nexen, one of the crown jewels of Canada’s oil and gas sector. The Canadian government seems poised to approve the landmark deal given Canadian Prime Minister Stephen Harper’s courtship of Chinese investment and CNOOC’s deft political maneuvers, like promising to make Calgary the head office of the company’s North American and Central American operations.

    Chinese influence in Canada has become very strong in recent years. But the Nexen deal brings this trend to a whole other level and will serve as a test of Canada’s new commitment to diversify its economic dependence away from the U.S. in the aftermath of the Keystone decision. This would be a strategic setback for the U.S., which has been searching for years for secure sources of oil that are free from the political uncertainty that exists in Venezuela and the Middle East. Canada seemed like the perfect answer, a friendly and politically stable ally in America’s own backyard that had in recent years unlocked a massive new oil reserve using new technologies and innovation.

    But Obama’s rejection of TransCanada Corp.’s Keystone XL Pipeline, which was designed to transport oil drawn from Canada’s tar sands down to the U.S. market, offended many Canadians. Harper responded to the snub by heading to China to start negotiating energy deals. Canada seems ready to embrace a stronger economic link with China. The historically strong U.S.-Canada relationship massively benefited both countries; it seems both countries could come to regret it if the economic and political relationship continues to weaken.
    http://www.forbes.com/sites/nathanva...-toward-china/
    That's really old news - on the advice of one of our Canadian dog persons familiar with the industry up there I looked at Nexen
    as a Canadian counterpart to Denbury down here in the states. The ChiComs were willing to pay a higher price for a significant part
    of the company than I was for a much smaller portion. Nexen is in the tank right now & the ChiComs may be writing their whole
    investment off. It is a cyclical industry, only the refiners & the owners of end product sales have a somewhat smoother path.

    As Raymond posted - it is being built with private money, anyone think those people are fools. Or I should ask anyone believe those
    folks in private industry are as big a fools as our own governments?
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  9. #17
    Senior Member Gerry Clinchy's Avatar
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    Quote Originally Posted by Henlee View Post
    Absent a major disaster I think oil prices will be down for the foreseeable future.
    Absent a major disaster? What could possibly go wrong in the ME that would cause oil prices to jump unexpectedly?

    Meanwhile, these lower prices are concealing the increase in gasoline taxes. Here in PA we added 10 cents/gallon to the cost of gas just this year. It wasn't extremely noticeable because gas prices were on their way down. Sleight of hand. And our Gov Wolf wants more in his new budget ... and then they spend that money on public transit while the roads and bridges never improve. The proposed increase would make our PA tax on gasoline something on the order of 80 cents/gallon. That's a LOT of money each year.

    Other states seem to be discovering this neat trick.
    [email protected]
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  10. #18
    Senior Member Henlee's Avatar
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    Quote Originally Posted by Gerry Clinchy View Post
    Absent a major disaster? What could possibly go wrong in the ME that would cause oil prices to jump unexpectedly?

    Meanwhile, these lower prices are concealing the increase in gasoline taxes. Here in PA we added 10 cents/gallon to the cost of gas just this year. It wasn't extremely noticeable because gas prices were on their way down. Sleight of hand. And our Gov Wolf wants more in his new budget ... and then they spend that money on public transit while the roads and bridges never improve. The proposed increase would make our PA tax on gasoline something on the order of 80 cents/gallon. That's a LOT of money each year.

    Other states seem to be discovering this neat trick.
    Here in Michigan they are trying to sneak in a .19 raise in the gasoline tax.
    "It’s hard to win an argument with a smart person, but it’s damn near impossible to win an argument with a stupid person." - Bill Murray

  11. #19
    Senior Member Henlee's Avatar
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    Quote Originally Posted by Raymond Little View Post
    Please reread the statement highlighted in RED and ask your self Who the 'WE" is you are referencing? Unlike Planned Parenthood, there will not be any Public money used to build a "Private" pipeline. I have lived through 4 boom and bust cycles while growing up in the oil patch and making my living from those working in said patch. It will come back but nobody knows exactly when but it will come back. Bust cycles are beneficial at times because they make companies get lean and develop technologies that keep them in business during lean times. I am sure you also don't believe in business cycles or "Trickle Down Economics", you know, when i hire a contractor, he hires laborers, buys materials,ect. Building an $85,000 boat barn at my house very soon and I am sure that $85,000 is going to be multiplied at least two or three times by support personnel. Shrillery has no clue about business cycles or "Trickle Down" since she has never created anything but slush funds with other peoples money.
    if the purpose was to create jobs then it would be a good plan. Some things have changed and I am not sure that it is needed as much as it once was. If it makes a difference I was for it in the past and if it would be put to good use then I would be for it in the future. I am not so sure that is the case now.

    Is there still a big push to get this done? I haven't heard it talked about recently.
    "It’s hard to win an argument with a smart person, but it’s damn near impossible to win an argument with a stupid person." - Bill Murray

  12. #20
    Senior Member Gerry Clinchy's Avatar
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    Quote Originally Posted by Henlee View Post
    if the purpose was to create jobs then it would be a good plan. Some things have changed and I am not sure that it is needed as much as it once was. If it makes a difference I was for it in the past and if it would be put to good use then I would be for it in the future. I am not so sure that is the case now.

    Is there still a big push to get this done? I haven't heard it talked about recently.
    Most recently I've seen that leaks indicate Obama will nix it for good. Hillary won't comment on it until Obama makes his decision ... and see which way the wind blows.

    As I understand it, we have excess refinery capacity that has been put in mothballs. How could increasing the amount of oil arriving not open at least one more refinery?

    I believe the pipeline can also carry natural gas, and there are permits in progress for natural gas terminals somewhere along the Gulf. I remember commenting on those permits some time ago. Those are going to be HUGE in impact for selling natural gas to overseas markets.

    The oil we feel is too dirty will be used just fine by the Chinese and/or India. Right now the Chinese are courting the Canadians for that oil. If it's bad for us to use this dirty oil, it will be even more damaging to the planet being used by the Chinese ... who have no commitment for carbon decreases until 2020, and no one really knows what commitment they will make after 2020.

    If the oil doesn't go through a pipeline, it will continue to travel on trains. The train transport carries more risk than pipeline transport. Might also guess that train transport uses more energy than pipeline transport? Not sure how many jobs the train transport supports, so would jobs created to maintain the pipeline be a wash for jobs eliminated in the train sector? But there should be some jobs created by opening one, or more, refineries not now in use.
    [email protected]
    "Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim

    ​I don't use the PM feature, so just email me direct at the address shown above.

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