In order to process it cheaper and easier, Canada and US oil companies wanted to construct a pipeline between the drilling sites in Alberta, Canada and American refineries known as the Keystone Pipeline.
Aside from providing thousands of construction jobs, the Keystone Pipeline would have meant lower energy costs for all Americans.
The Republican in both the House and the Senate introduced legislation to get the pipeline approved,and it was part of the negotiations in the recent payroll tax controversy.However,President Obama refused to consider approving the pipeline and voted present, putting off any decision until 2013.
It doesn't matter anymore, because the Canadians got tired of waiting:
Canada is now looking to Asian countries to market its abundance of oil, natural gas and minerals as plans to build the proposed Keystone XL pipeline have stalled with the U.S. administration.
Prime Minister Stephen Harper will travel to China next month to discuss selling Canada's bounty to the rapidly growing nation.
The preferred initial plan was to build the $7 billion Keystone pipeline to deliver Alberta's oilsands crude to refineries in Texas on the Gulf of Mexico.
Harper reasoned that the U.S. government would prefer to deal with a friendly neighbor to help meet its energy needs while creating thousands of jobs.
With widespread opposition by U.S. environmentalists, the Obama administration has delayed its decision on whether to approve the project proposed by energy giant TransCanada Pipelines.
The new plan would market to China and Asian countries through the proposed Northern Gateway pipeline that would transport Alberta's oil and natural gas to British Columbia for shipment by tankers.
Thank you, Mr. President!
The United States is fundamentally not a serious country right now. As such, Canada says "see ya later, America." There is no sense in doing business with non serious people. Hopefully the pipeline project can be resumed when the US decides to get serious, however, now that Canada will have amde deals with others for this oil we may be cut out all together.
ReplyDeleteRussia and China have been the most successful countries in the early 21st century. If you want to be the best, study the best. When we get serious, we should begin by studying what these countries are doing and try to implement what is workable that they do to us. Some things they do we obviously could not implement nor would we want to.