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Will Canadian pipeline enrich Obama’s bitter foes?


 

Interesting article today from Reuters:

Koch brothers positioned to be big winners if Keystone XL pipeline is approved.

Koch Industries is already responsible for close to 25 percent of the oil sands crude that is imported into the United States, and is well-positioned to benefit from increasing Canadian oil imports.

A Koch Industries operation in Calgary, Alberta, called Flint Hills Resources Canada LP, supplies about 250,000 barrels of tar sands oil a day to a heavy oil refinery in Minnesota, also owned by the Koch brothers.

Flint Hills Resources Canada also operates a crude oil terminal in Hardisty, Alberta, the starting point of the proposed Keystone XL pipeline.

The New Yorker recently profiled the Koch brothers activities in bankrolling the Tea Party movement and other groups:

The billionaire brothers who are waging war against Obama

 

Today, Politico reports that the Koch brothers are seeking to raise $88 million to defeat Obama in 2012.

 

What does the White House think? According to Reuters:

It is unclear whether the president or his advisers are aware of the extent of the Koch brothers involvement in tar sands imports or have tried to quantify the economic benefit they could derive from the Keystone XL pipeline.

Obama has not shown his cards on the pipeline permit, even after Canadian Prime Minister Stephen Harper made a personal appeal for swift approval at a White House meeting last week.

 

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Will Canadian pipeline enrich Obama’s bitter foes?

  1. Canadian oil: Making American billionaires richer.

    • um, and making Canadians as a whole vastly richer, whether it's through Albertan income tax receipts to Ottawa paying for medicare, your pension fund securing its investment in your golden age when a Canadian junior oil stock gets taken over, Alberta's job machine sustaining Canadian employment as people move there from less endowed regions. Grow up.

  2. I do think Obama is petty enough to block this deal for personal reasons. Which is very unfortunate, but here's hoping a Republican wins in 2012.

  3. If it gets blocked, we'll never know if this was the reason. If it goes ahead, I hope it isn't just because nobody wanted Obama exposed to the accusation hinted above. It should go ahead because it should go ahead. Period.

  4. if obama's america doesn't need alberta's oil sands output and/or cannot afford this readily available source of energy – the chinese and indians are willing to invest in tar sands. the usa, ontario and quebec can freeze.

  5. When you attribute this article to Reuters, please note that the actual source of this article comes from an environmental blog/news site. The article is incredibly biased and agenda-laden. The article is written by the website's founder who obviously knows a thing or two about SEO. It's actually a spin-off story from an LA Times article on the Koch brothers earlier last week.

    Check out the LA Times article on the Koch brothers from early last week, then check out the NY Times article on SEO and web publishing entitled "Web Words That Lure Readers." You'll see what's going on.

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