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LEFT WING LOONS
See other LEFT WING LOONS Articles

Title: No Fuel for You, Obama's Gas Nazis Reject Keystone Pipline
Source: Buisness Insider
URL Source: http://www.businessinsider.com/obam ... -deny-keystone-pipeline-2012-1
Published: Jan 18, 2012
Author: Mamta Badkar
Post Date: 2012-01-18 11:55:40 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamanomics in action, Fossil Fuel Fascists, Gas Nazi
Views: 760
Comments: 1

REPORT: State Department To Reject The Keystone Pipeline

Mamta Badkar | Jan. 18, 2012, 11:35 AM | 2,207 | 10

The controversial Keystone Pipeline will reportedly be denied by President Obama, according to Fox News.

The State Department is expected to vote against the pipeline this afternoon. Transcanada will however be allowed to reapply with an alternate route going through Nebraska.

The project has been extremely controversial for two main reasons.

With unemployment at 8.5% the pipeline could create much-needed high-paying jobs. Moreover, it would provide cash-strapped governments with tax revenues. On the other hand after the BP Deepwater spill of 2010 and ExxonMobil's July 2011 pipeline spill, environmentalists are pressuring the Obama administration to nip the project in the bud.

More to come...

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#1. To: Happy Quanzaa (#0)

No Fuel for You...

And the price of crude falls... Some damn important pipeline, indeed! {{{chuckle}}}

Oil Futures Decline on Report U.S. Will Reject Keystone XL Pipeline Plan

By Mark Shenk - Wed Jan 18 16:43:29 GMT 2012

Oil declined in New York, giving up an earlier gain of 1.3 percent, on a report that the Obama administration planned to reject an application to build the Keystone XL pipeline.

Crude oil for February delivery dropped 63 cents, or 0.6 percent, to $100.08 a barrel at 11:41 a.m. on the New York Mercantile Exchange.

www.bloomberg.com/news/20...s-amid-iran-tensions.html

Never swear "allegiance" to anything other than the 'right to change your mind'!

Brian S  posted on  2012-01-18   12:05:04 ET  Reply   Trace   Private Reply  


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