A train ran away in Quebec,
its crude-oil exploded the wreck.
To ship oil from the source;
Use a pipe-line of course.
The Keystone will thwart the OPEC.
President Obama angrily blasted climate change skeptics during his energy policy speech Tuesday Jun 25 at Georgetown University, saying he lacked “patience for anyone who denies that this problem is real.”
“We don’t have time for a meeting of the flat-Earth society,” Obama said. “Sticking your head in the sand might make you feel safer, but it’s not going to protect you from the coming storm.”
Obama mentioned more than 20 times “Carbon pollution”. In his weekly radio address the following Saturday he mentioned it again, without specifying what he means by “carbon pollution”.
Obama also said the controversial Keystone XL oil pipeline should only be approved if the project would not “significantly exacerbate” greenhouse gas pollution.
Right now the crude oil is transported from the Athabasca tar sands to Houston by Warren Buffet’s Burlington Northern Santa Fe LLC railroad. It is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.
With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.
The cost of transporting the oil is about #14 dollars per barrel, much of it the cost of energy (CO2). The pipe-line can do the job for about seven dollars per barrel, much of it capital costs.
We can see what happens when transporting crude oil:
Comparing to this, pipe-lines ate much more environmentally safe, and does the job for less than half the cost of railroad ttansportation.
If you were Obama, what would you do? Would you do the economic and environmentally friendly thing, or would you continue to favor your crony capitalist friends and the powerful OPEC?