Keystone XL pipeline bill fails to pass US Senate by 1 vote

originally posted by: quercusrex
a reply to: Montana

I would think they would just move on to fix other roads, load other products into other tanks, and haul other commodities.


EDIT to add : Let me be clear. I understand fully that the jobs created locally in the construction area will be few and temporary. That is the nature of heavy construction. We travel to where the work is and when it's complete we leave. at all.

Let me repeat what I said in an above post, these workers will circulate a LARGE amount of money through the local economies. So, even if that's a temporary boom for a region it is better than no boom at all. Then they will go off and spend their money back in their home state and city.

Ok, let me be clear as well. There are already people there already making that large money and already spending that large money locally and will not need to go away in a short time but will stay there and CONTINUE to make and spend that large money. (Whew! pant pant) They do not need you to come.

a reply to: Montana

Huh?

If there is such a shortage of employees to fill the need in your field then there would be no reason to take jobs from others, would there?

Sorry, I don't understand what this means.

I really don't care if the XL get's built or not. I'm just saying that if the market demands it get built then it will get built.

originally posted by: quercusrex
I really don't care if the XL get's built or not. I'm just saying that if the market demands it get built then it will get built.

I mentioned on page one in this post that the market does not demand the Keystone XL be built. It doesn't matter at this point, it only matters to congress.

a reply to: links234

I don't think congress would be pushing it just to say "Hey, look what we can do. We can beat the Prez and make you build this"

If they're pushing it then there is a "market" somewhere pushing them.

Here's this from today's Washington Post:

Indeed, the State Department’s final environmental impact statement on the Keystone XL project specifically disputed claims that the oil “would pass through the United States and be loaded onto vessels for ultimate sale in markets such as Asia,” saying it was not economically justified. The State Department noted that the traditional sources of crude for the Gulf Coast, such as Mexico and Venezuela, are declining, and so refineries would have “significant incentive to obtain heavy crude from the oil sands.”

“The modernized Valero refinery [in Port Arthur, Tex.] can turn 310,000 barrels a day of some of the world’s worst-quality crude oil — such as the bitumen-laden mixture from Canadian oil sands — into gasoline and diesel fuel for cars and trucks,” Mufson wrote. “Valero, the largest U.S. oil refining company, would be one of the biggest customers of oil from the Keystone XL pipeline, buying about 150,000 barrels a day.”

Washington Post

Right across the street from the Valero plant is Motiva which is now operational.

With a cost of about $10 billion dollars, the magnitude of this expansion is impressive on many fronts. The Port Arthur Crude Expansion Project (CEP) is so massive that it basically represents the building of a new refinery – the first in the U.S. in 30 years in terms of capacity and magnitude of the investment. The facility’s daily crude oil processing capacity has more than doubled to 600,000 barrels per day, making it North America’s largest oil refinery and one of the top 10 refineries in the world.

Motiva


So, they've spent $10 billion on Motiva and $2.2 billion on Valero to increase production to 750,000 bbl per day but there's no market demand?

originally posted by: buster2010

originally posted by: amfirst1
a reply to: canucks555

Actually George Soros and Adelman are celebrating. The prefer to profit from their foreign oil and coal investments imports over America. That's why the pour millions into Democrats campaign.

You do know this was foreign oil investment right? It is Canadian oil that would have been processed in refineries half owned by the Saudi's.

^Buster... don't confuse them with facts. It is a losing proposition!

Derek

a reply to: Viesczy

As I said in an earlier post the Saudi's financed most of the Motiva project.