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Obama: ‘questions’ about ‘destructive’ oil sands; Senator wants trade inquiry


 

President Obama was asked about oil sands at an energy town hall today in Pennsylvania. He said it was a “good thing” to get oil from friendly and stable countries such as Canada, but said he would not pre-judge the State Department permit process for the proposed Keystone XL pipeline from Alberta to the Gulf Coast. He raised environmental concerns:

“These tar sands, there are some environmental questions about how destructive they are, potentially, what are the dangers there, and we’ve got to examine all those questions.”

More of his comments here.

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Separately today, a US senator has asked the US Federal Trade Commission to investigate what he calls secret agreements among Canadian oil companies to drive up oil prices in the US.  Senator Ron Wyden, a Democrat from Oregon, asked the FTC:

“…to investigate confidential agreements between seven Canadian oil companies planning to construct a pipeline from Canadian tar sands oil deposits to refineries in along the Gulf of Mexico, bypassing refineries in the Midwest. Should the pipeline be built, the result will drive up prices at those Midwest refineries and the cost will be transferred to gasoline consumers.”

His press release and full letter here.

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On Twitter at luizachsavage


 
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Obama: ‘questions’ about ‘destructive’ oil sands; Senator wants trade inquiry

  1. Let US suffer from their own stupidity and blindness. If they think that Middle east, Brazilian, Venezuelan oils are cleaner than Canadian oil, then let us export most of our oil to China, Japan, and other emerging countries.

  2. Let US suffer from their own stupidity and blindness. If they think that Middle east, Brazilian, Venezuelan oils are cleaner than Canadian oil, then let us export most of our oil to China, Japan, and other emerging countries.

  3. I think US. Senator Ron Wyden is confused.

    "A TransCanada spokesman said Wednesday that the Keystone XL project would not affect oil prices in the United States, which are set in international markets, but would result in increased exports into the country.

    “This is an issue that we've been dealing with for months. Groups are claiming this project is going to have an impact on crude oil prices, and this is not the case,” said TransCanada spokesman Terry Cunha. “In no way will this project increase prices on gasoline or the price per barrel.”"
    http://www.theglobeandmail.com/globe-investor/us-

  4. I think US. Senator Ron Wyden is confused.

    "A TransCanada spokesman said Wednesday that the Keystone XL project would not affect oil prices in the United States, which are set in international markets, but would result in increased exports into the country.

    “This is an issue that we've been dealing with for months. Groups are claiming this project is going to have an impact on crude oil prices, and this is not the case,” said TransCanada spokesman Terry Cunha. “In no way will this project increase prices on gasoline or the price per barrel.”"
    http://www.theglobeandmail.com/globe-investor/us-

  5. B.O. would rather America get its oil from the Islamic Motherland:
    http://www.youtube.com/watch?v=9WlqW6UCeaY

    The Democrats are also Hell-bent on increasing the use of nukes, with the global warming hysteria a ploy to make nuclear power seem comparatively 'safe.'

  6. B.O. would rather America get its oil from the Islamic Motherland:
    http://www.youtube.com/watch?v=9WlqW6UCeaY

    The Democrats are also Hell-bent on increasing the use of nukes, with the global warming hysteria a ploy to make nuclear power seem comparatively 'safe.'

    • Adam….a proud tinfoil user

      Every day for life..

  7. Adam….a proud tinfoil user

    Every day for life..

  8. Has Obama not yet realized that his home State's refineries use oilsands oil?

    According to the Illinois Energy Forum… "Of the Canadian crude oil brought into this country, approximately half is derived from oil sands."

    "Canada sends more than 99 percent of its oil exports to the United States—the bulk of which goes to Midwestern refineries. By getting more of their oil from Canada, Midwest refineries would move from the back of the crude oil supply line to the front—making them less vulnerable to supply disruptions caused by geopolitical upheaval or storms in the Gulf of Mexico."

    B.O. phone home.

  9. Has Obama not yet realized that his home State's refineries use oilsands oil?

    According to the Illinois Energy Forum… "Of the Canadian crude oil brought into this country, approximately half is derived from oil sands."

    "Canada sends more than 99 percent of its oil exports to the United States—the bulk of which goes to Midwestern refineries. By getting more of their oil from Canada, Midwest refineries would move from the back of the crude oil supply line to the front—making them less vulnerable to supply disruptions caused by geopolitical upheaval or storms in the Gulf of Mexico."

    B.O. phone home.

  10. I hope this inquiry does not add more cost to the oil that they have to acquire anyway? Where are these buffoons coming from? They already have so much inquiries done in the past. Is this another inquiry on top of those many inquiries? The budget alone on doing all those could probably save them millions let alone lives of their militaries looking after those american "interests". Can't they see the reality of the current world they live in or are they still in lah-lah land? Obama lacked definitive answer of someone who suppose to know his mind. How can one be an effective leader if he leave most of the filling in the blanks to others?

  11. I hope this inquiry does not add more cost to the oil that they have to acquire anyway? Where are these buffoons coming from? They already have so much inquiries done in the past. Is this another inquiry on top of those many inquiries? The budget alone on doing all those could probably save them millions let alone lives of their militaries looking after those american "interests". Can't they see the reality of the current world they live in or are they still in lah-lah land? Obama lacked definitive answer of someone who suppose to know his mind. How can one be an effective leader if he leave most of the filling in the blanks to others?

  12. The system of government lobbying in America has evolved to the point that near anyone can put a stop to major energy projects because they dont like it or do not agree with some aspects of the projects.
    These are the same people that would be the very first to bitterly complain if there was a shortage of gasoline or other petroleum by products and tell us it is all an oil industry conspiracy!
    Although their complaints and their opposition often enough results in amendments and changes to the original proposal, for the better, it is sad when their whining and complaining results in major infrastructure projects being stopped completly.
    It may be a big victory for that small percent of the people that oppose the major energy infrastructure projects for environmental reasons and or their own personal reasons but in the long run it ends up costing everyone else.
    Most of these large projects are developed with the future in mind and both the Canadian government and the USA government have to work together to use the resources of North America to keep up the living standards the everyone has become accustomed to.
    Major energy projects are far more benificial than detrimental and most people simply do not recognise how dependant we have become on the oil and gas industry to  be the core suppliers of a product that supplies the basis of thousands of other consumer products.
    Even if everyone buys electric cars in the future the petrochemical industries are still reliant on the  development of major oil and gas projects to feed the continually increasing need for all the other by products of oil and gas.
    You can develope the resources now or develope them later, into the future, but they will be needed to be developed as the population of each nation increases by the day.
    To put a stop to these major energy infrastucture projects is really short sighted in many respects.
     

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