What’s another year with high prices.
Going to see grandchildren this weekend near Boston from near Bangor.
Est gasoline costs?
$120
The Obama administration plans to announce on Thursday it will explore a new route for a Canada-to-Texas oil pipeline, delaying a final approval beyond the 2012 U.S. election, sources briefed on the matter said.
The decision would be a victory for environmentalists, many of whom oppose the pipeline, and a setback for TransCanada Corp, whose $7 billion Keystone XL project is seen as the most important North American oil pipeline plan for decades.
One source familiar with the matter said that studying a new route for the pipeline would likely take 12-18 months, putting a final decision after President Barack Obama’s bid for re-election on November 6, 2012.
If the administration explores a new route, “it’s a huge victory, and it would probably be the biggest environmental gift that President Barack Obama has given us,” said Tony Iallonardo, a spokesman at the National Wildlife Federation.
Barack Obama, flying past J Carter towards Buchanan as the worst president in history
1 comment:
Good thing there's a Plan B and Plan C to ship the oil to the west coast if America doesn't want it. Link
The Alberta Oilsands are the world's largest oilfield, 170 billion barrels of proven reserves and up to 1.7 trillion possible barrels as the extractive technology improves. The Chinese leadership must be breathing a huge sigh of relief today that they, and not the US, will get first dibs on this massive resource. They should send Obama a gift basket for helping guarantee China's future energy security.
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