Obama Administration Kills Pipeline

[Trip McNeely]

What's fucked up is in Texas the Texas Railroad Commission regulates the O&G Industry.

[Zfan]

I think a lot of little people are in agreement with you. What needs to happen is politicians with integrity and common sense need to be elected.

Just my opinion.

You are right on but it will never happen...outlaw lobbyists, that's a start!

[SMKR]

over the sandhills in Nebraska? LMFAO, he is doing everything he can to NOT stimulate this economy and drive it into the ground.

[SMKR]

What's fucked up is in Texas the Texas Railroad Commission regulates the O&G Industry.

x2 on that.

[Torinoman]

its just a money/power grab... thats what all politics boil down to. he doesn't give a shit about the environment, though he may use that as an excuse.

[Captain Crawfish]

most of that oil would go overseas anyways. up in the northwest the hubs are oversupplied with canadian crude thus decreasing the value of the canadian tar sand crude. getting it out of those hubs and exporting it to global markets would help drawdown the hubs which would increase prices (supply demand).

[SMEGMA STENCH]

I don't know why yall are even arguing about it. One is a fucking train, the other is a fucking PIPE. I wonder which one is more efficient.

[Vertnut]

Can anyone even imagine what would happen if the railroads were running 600k barrels a day and decided to strike? Talk about leverage...

[jasonw_2005]

Don't blame me I voted for the other guy

[FreightTrain]

Can anyone even imagine what would happen if the railroads were running 600k barrels a day and decided to strike? Talk about leverage...

We aren't allowed to strike.

[Vertnut]

We aren't allowed to strike.

Neither was PATCO...

[jasonw_2005]

In the last election we voted to prove we're not racist. In this election we vote to prove we're not stupid.

[Broncojohnny]

I guess this guy is just another idiot who doesn't know what he is talking about. I wonder why he isn't gung ho about UP hauling all that oil down from up north? Doesn't he have 30,000 cars and 1,000 locomotives sitting around doing nothing?

http://www.cnbc.com/id/46058228

Pipeline's End Puts US at Disadvantage: Union Pacific CEO
Published: Thursday, 19 Jan 2012 | 2:26 PM ET
Text Size
By: Margo D. Beller
Special to CNBC.com

The end of the Keystone Pipeline project puts the U.S. at a competitive disadvantage and was a personal disappointment to the chief executive of railroad Union Pacific.

"My concern is ultimately what does it do for competitiveness in America," Chief Executive Jim Young told CNBC Thursday a day after the Obama administration killed the TransCanada [TRP 41.23 -0.18 (-0.43%) ] pipeline, which would've carried oil from western Canada to Houston.

The UP [UNP 112.18 2.36 (+2.15%) ] executive added, "I have to think about my customers and their ability to compete, and obviously energy costs are a huge piece of that."

"For me, the more competitive they can be, the more business I'll haul," he said. "There's another side of this: We're the largest consumer of diesel fuel in the United States" at about 1.2 billion gallons a year, and keeping energy costs "reasonable" benefits the railroad, too.

[talisman]

Wicked burn!

[Vertnut]

Ouchie! Lol!