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txradioguy
01-22-2012, 03:10 PM
TransCanada Corp. (TRP) may shorten the initial path for its rejected Keystone XL project, bringing oil from Montana’s Bakken Shale to refiners in the Gulf of Mexico and removing the need for federal approval.

“There certainly is a potential opportunity to connect the Bakken to the Gulf Coast,” Alex Pourbaix, TransCanada’s president of energy and oil pipelines, said in a telephone interview today. “That is obviously something we’ll be looking into over the next few weeks.”

TransCanada’s $7 billion Keystone XL proposal to bring crude from Canada’s oil sands to the Gulf was rejected yesterday by the Obama administration. The project required U.S. approval because it crossed the border with Canada. The company may seek that approval after it builds the segment from Montana to the Gulf, Pourbaix said.

The Bakken shale-rock formation is estimated to hold as much as 4.3 billion barrels of technically recoverable oil in North Dakota and Montana, according to a 2008 U.S. Geological Survey report. Oil production in North Dakota surged 42 percent to 510,000 barrels a day in November, exceeding the output of Ecuador.
Production in the Bakken field may reach 750,000 barrels a day this year, Edward Morse, managing director of commodities research for Citigroup Inc., said at a conference in Calgary today.

http://www.bloomberg.com/news/2012-01-19/transcanada-may-shorten-keystone-xl-bypass-federal-review.html

RobJohnson
01-22-2012, 05:30 PM
Who needs oil???

http://www.solarfeeds.com/wp-content/uploads/volt-side.jpg

:D

Janice
01-22-2012, 06:57 PM
Yup. Posted here too (http://www.conservativeunderground.com/forum505/showthread.php?p=476661#post476661) the other day.

The Bakken shale-rock formation is potentially a deposit rivaling that of Saudi Arabia. There is a boom in the North Dakota economy because of it as we speak err.. type.

txradioguy
01-23-2012, 08:26 AM
Yup. Posted here too (http://www.conservativeunderground.com/forum505/showthread.php?p=476661#post476661) the other day.

The Bakken shale-rock formation is potentially a deposit rivaling that of Saudi Arabia. There is a boom in the North Dakota economy because of it as we speak err.. type.

The beauty of shortening the pipeline though...and why I posted this story...is that it totally takes out Obama's power to veto the pipeline.

Odysseus
01-23-2012, 04:57 PM
The beauty of shortening the pipeline though...and why I posted this story...is that it totally takes out Obama's power to veto the pipeline.

He'll find another way. The EPA will attack it on environmental grounds, or the NLRB will ban the builders from using any union except the Almagamated Pastry Chefs and Loyal Brotherhood of Tree Huggers local 103. It doesn't matter what the law says, only what the administration is willing to do to circumvent it.