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Fine. We'll Play With China Then.

Posted: 01/19/2012 8:00 am

So President Obama decided not to approve the presidential permit for the Keystone XL pipeline project, but is open to reconsidering if TransCanada, the company that wants to build the pipeline, applies again with a different route.

When analyzing policy decisions, Cicero used to ask his fellow Roman senators, "Cui bono?" It's Latin for, "Who benefits?" Amidst all the spinning in Washington, it is worth asking the same question about the Keystone decision. Let's review the players:

President Barack Obama
: Obama has made it clear that he won't be bullied into making a decision by congressional Republicans, who imposed a deadline on him in legislation to extend a temporary payroll tax cut until the end of February. Obama threatened to veto that bill, but signed it anyway. So now he has complied with the law, but exercised his right to reject the permit. As he heads into negotiations with Congress over another extension of the payroll tax cut and an increase in the U.S. debt ceiling, the president has stood firm.

And yet, the president is open to reconsidering the pipeline. He told Prime Minister Harper that it was a decision "without prejudice." Is Obama against Keystone until he can be for it (safely) after 2013?

Republicans: All of the GOP presidential candidates support the Keystone pipeline, and congressional Republicans do, too. The president didn't give in to them, rejecting the Keystone permit.

Or did he? Congressional Republicans wanted to force Obama to take a position against Keystone so they had proof that he would back environmental special interests over jobs for Americans, not to mention lower energy prices. In an election year likely to revolve around economic issues, this ammunition will help Republican candidates to contrast themselves with the president and Democrats.

Environmentalists
: Environmentalists praised the decision as a blow against Big Oil but if approval of the Keystone pipeline is only delayed, it sounds more like a love tap for Big Oil, knocking them off schedule, nothing worse.

If the Keystone XL pipeline is never built, the United States will continue to import Canadian oil -- just not as much of it, and more from other suppliers. The larger question of U.S. dependence on fossil fuels is not addressed by a decision to not purchase from one supplier, but by a reduction in demand.

Canada: The United States can decide what oil it wants to buy and from whom, but Canadians are the ones who will decide whether to develop their oil resources, whether to export that oil, and to whom. And if the United States won't buy more, there are plenty of customers in Asia. Japan, India, Korea, and China all have growing economies that depend on imported oil.

Prime Minister Stephen Harper has strongly backed the construction of the Northern Gateway pipeline to connect oil fields in Alberta to the Pacific Ocean, where it could be shipped by tanker. This project is expensive because its route crosses the Canadian Rocky Mountains, and native groups with rights to the land along the route have not agreed to allow it yet. Without Keystone, there will be greater momentum to build the Northern Gateway pipeline instead.

Environmentalists oppose the Northern Gateway pipeline just as vigorously as they oppose Keystone -- Harper recently complained that U.S. environmental groups have been pumping money into Canada to finance opposition to this project as well. By delaying these pipelines, environmental groups hope that they can slow the flow of Canadian oil onto world markets, and thereby increase the price of oil
worldwide -- making alternative energy economically more attractive.

Big Oil: Yet higher oil prices will also make oil pipelines more profitable, and so Obama's decision on Keystone will accelerate progress on the Northern Gateway. Since the Keystone debate isn't over, opponents will have to fight on both fronts in hopes of slowing Canadian oil production. Oil producers are likely to end up with two new routes for their exports. Harper has made clear that Canadians won't be victims of U.S. politics and will defend themselves with Northern Gateway, a route to more willing customers.

And so the winner is...

China: China is the fastest growing oil customer of all. As China's economy keeps growing, per capita oil consumption will grow as well.

If China benefits, does the United States suffer? Not necessarily. It would not be good to deny China the oil it needs, and thereby become an enemy for Chinese growth. When western powers imposed an oil embargo on Japan in the 1930s as punishment for the Japanese invasion of Chinese Manchuria, the result was Pearl Harbor.

Besides which, if Canada can ship oil to China, then China will have less reason to seek oil from Iran or Sudan. No one worries that if China buys Canadian oil, it will subvert the Canadian government, or worsen the Canadian human rights record. From the United States' perspective, better to have China become more reliant upon friendly countries than unfriendly
ones.

On the other hand, more oil consumption by China represents a loss for environmentalists. If Canada can't sell more oil to the United States, it will sell it to China and other Asian markets. Environmental standards in Asian markets being lower than those in North America, the net effect will be more carbon emissions per barrel of Canadian oil produced, not less.

Who benefits? The only certain winner is China. Yesterday's decision brings China one step closer to being able to access Canadian oil, at no cost to them. As the Huffington Post's Althia Rajreports, Stephen Harper will use his visit to China in February to promote Canadian oil. Canada may yet come out a winner in today's Keystone decision, too.

The remaining question is how President Obama's Keystone delay will affect the U.S. elections later this year, when American voters weighing all this will pick the ultimate winner.

 
 
 

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So President Obama decided not to approve the presidential permit for the Keystone XL pipeline project, but is open to reconsidering if TransCanada, the company that wants to build the pipeline, appli...
So President Obama decided not to approve the presidential permit for the Keystone XL pipeline project, but is open to reconsidering if TransCanada, the company that wants to build the pipeline, appli...
 
 
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Donna Meness
www.findmaisyandshannon.com
07:28 PM on 01/23/2012
Between the mid 90's and 2005 we can account for at least $8 billion in direct subsidies to Canada's oil and gas sectors. Currently the Harper government is giving about $1 million dollars per day to the oil and gas industries.
Donna Meness
www.findmaisyandshannon.com
06:51 PM on 01/23/2012
Another concern of mine is something not getting a lot of media attention. The secret deal signed in Texas, that allows the U.S. to send its troops to Canada in the case of a "civil emergency". Stuart Trew, a researcher with the Council of Canadians, rightfully said:

... there is potential for the agreement to militarize civilian responses to emergency incidents. He noted that work is also underway for the two nations to put in place a joint plan to protect common infrastructure such as roadways and oil pipelines. “Are we going to see (U.S.) troops on our soil for minor potential threats to a pipeline or a road?”

A license to invade?

http://www.canada.com/topics/news/story.html?id=403d90d6-7a61-41ac-8cef-902a1d14879d

Under the NorthAmerican Security & Prosperity Partnership(Agreement) Canadians personnel information has already been shared. Those on pensions see it on their forms, your info can be shared with the US .. IRS ; Border Security ; Police Services.

Canadians are now under surveilence in many other ways electronically.

Did you know that Harper has given the USA armed forces carte blanche access to Canada, no questions asked?

Check it out in the National Defence Act.

http://publicintelligence.net/canada-command-usnorthcom-civil-assistance-plan/

http://stmarys.ca/~evanderveen/wvdv/canada_us_relations.htm
Donna Meness
www.findmaisyandshannon.com
06:46 PM on 01/23/2012
http://pushedleft.blogspot.com/2012/01/when-is-foreign-money-and-influence-not.html

to con't...

Chinese company Sinopec, a majority-owned subsidiary of a national company, paid $4.65 billion for Houston-based ConocoPhillips' stake in Syncrude. What makes this deal significant is that under the terms of the deal, the state-controlled Sinopec has a veto on the critical decision of whether the company should upgrade bitumen here or export it in raw form overseas.

In January 2011, Enbridge announced Sinopec's funding of the $5.5-billion Northern Gateway Pipeline.
Donna Meness
www.findmaisyandshannon.com
06:45 PM on 01/23/2012
The threat to the pipeline would of course be a threat to Stephen Harper's benefactors, like:

Thailand's state-owned PTTEP who bought a 40-per-cent stake in Statoil's Kai Kos Dehseh project for $2.3 billion. "Statoil is a Norwegian company whose largest owner is the government of Norway, with 67 per cent of the shares. Under the terms of the deal, Statoil remained the majority owner and operator of the project, which ends up being a Norwegian-Thai, public-private enterprise developing Albertan energy resources."

Korean National Oil Company that took over Calgary's Harvest Energy Trust for $4.1 billion ($1.8 billion in cash and $2.3 billion in assumed debt). The deal allowed the Korean state-run company to grab an estimated oil production of 50,000 barrels per day (b/d) and 154 million barrels of oil-equivalent reserves. "In 2006, the Korean firm set up an office in Calgary and purchased the Black Gold Oil Sands leases near Conklin. These leases gave the company 10,000 b/d of bitumen for about 25 years."

PetroChina now owns 60-per-cent share of Athabasca Oil Sands Corp.'s giving them a majority share in a company with access to more than five million barrels of oil.

http://pushedleft.blogspot.com/2012/01/when-is-foreign-money-and-influence-not.html
02:15 PM on 01/20/2012
Mr. Sands,

Too quick on the draw. As predicted by many, Harper is bluffing. Trans Canada is already working on the re-application for approval after the 2012 US election.
11:03 AM on 01/20/2012
I wouldn't choose to do business with a country (China or Saudi) that has such a poor record on labor and human rights, and environmental protection. But a Neocon-Imperialist like Christopher Sands would only entertain thoughts of profitability through moral-imposition, and would promote any business in which he could consider himself the "dominant manipulator".

Automobiles were the bees-knees in 1930; now it seems humanity will be dead before they will. Oil has been a source of corruption and nothing-but since its monopolization by the greedy. Were it properly considered a resource/hazard for all of humanity's consideration, most people would be saying "it's time to move forward". At least I would...time is running out.
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HUFFPOST SUPER USER
Kristopher Leang
training to take down the elite
10:37 PM on 01/21/2012
we already do massive trade with that country.. where have you been
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HUFFPOST SUPER USER
SeanMartin
Everything in moderation.
10:42 AM on 01/20/2012
>> "If the Keystone XL pipeline is never built, the United States will continue to import Canadian oil -- just not as much of it, and more from other suppliers."

Of course they'll continue to buy from Canada. They need it; they'll buy it — and since we're right next door, there's less shipping and handling, which means a lower cost. They're not gonna get in a snit over this. They cant afford to.
HUFFPOST SUPER USER
sgillhoolley
Occupy the discussion.
09:17 AM on 01/20/2012
None of this makes any sense to me. Why send crude to another country to refine? Build our own refineries if we insist on trying to extract the oil that is far too dirty to bother with. We need to be more than some resource mill.
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Iam12Vote
Now With MORE Micro Bio!
09:37 PM on 01/19/2012
The price of retail oil in the Canadian Maritimes is regulated off the price of oil delivered in New York.
Think that one through.
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08:11 PM on 01/19/2012
Conservative's reactions to Obama's decision today have been pathetically simplistic. "Oh, OK, then Canada will just ship it's oil to China", neglecting all of the complications of building a pipeline to the Pacific. There is going to be as much, if not more, objection to that project in Canada than Keystone in the U.S.

And if they do complete the Pacific project, why can't Canada still sell the oil to the US just as they would to China? There are after all a number of Calif refineries.
HUFFPOST SUPER USER
Ansdlmol
09:25 PM on 01/19/2012
Why doesn't the canadian government build a refinery close to the tar sands that will alter the viscosity and lessen the corrosive properties of the tar sand bitumen so that it will flow easier and not need the high presure required to push the thick bitumen along thousands of kilometers of pipe?. I ask this question because I really don't understand why we cannot build a pipe that will not crack at the seams.
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09:45 PM on 01/19/2012
I was wondering the same thing. In fact, why not just have the US and Canada do a joint venture of building refineries IN CANADA to do all of the refining there? Because when I was looking at a map of this whole thing, it is much more than one simple pipeline. And it shows all kinds of refineries in the plains states of US. I initially thought the reason would be that they need refineries near seaport shipping terminals, but obviously this is not the case.
11:03 AM on 01/20/2012
The excuse given by the Canadian government is that refineries cost too much, ( in the magnitude of 8 to 10 billion) but that is just an excuse. If there is a will and if it is profitable, Big Oil will build it. A refinery will provide many jobs when it is being built, and then permanent jobs subsequently. However, Canada and its commodities industries have a record of simply exporting its resources and commodities raw. An example is lumber to China. The Chinese wants only the logs and they will process same in China, thereby providing Chinese jobs and Canadian lumber companies acquiesce to that. However, this is simply a political decision by Obama, not so much that he cares about the environment. He had said before this announcement that he will make a decision after the 2012 election, but made this annoucement when forced by the Republicans. See: http://www.thestar.com/opinion/editorialopinion/article/1118535--politics-not-principle-doomed-keystone-pipeline
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Si1ver1ock
the bread of wickedness, the wine of violence
05:25 PM on 01/19/2012
If you asked them nicely, the Chinese would probably go halvsies on the pipeline. or perhaps finance the whole thing for an ownership position.

They have money to invest.
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General Washington
In the future, I return as Geddy Lee
05:08 PM on 01/19/2012
The oil was bound for China before all this.

There was no other reason to terminate the pipeline at Texas refineries (and non-union ports on the Gulf Coast) otherwise.
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okgranny
Egalitarian by birth
02:52 PM on 01/21/2012
Thank you for your clarity. I haven't been able to understand all the froth over sending the oil to China because that's always been the ultimate destination whether through Keystone or
Trans canada. The Keystone pipeline actually would end up at refineries owned by the nefarious, influence peddling Kochs, who have an obscene record of environmental violations themselves. It's an ugly, ugly business.
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Iam12Vote
Now With MORE Micro Bio!
05:00 PM on 01/19/2012
"The United States can decide what oil it wants to buy and from whom, but Canadians are the ones who will decide whether to develop their oil resources, whether to export that oil, and to whom."

That's interesting. Canadians already sold the right to develop the tar sands. In my mind that suggests that Canada has already made it's decision and that's that. The oil belongs to whoever develops it. So unless the Harper government decided to nationalize Canada's oil in the last 48 hours, average Canadians actually have very little say about any of this. Besides, every drop is going into a global market. Lower energy prices? Says who? The Saudis and the Russians don't have to take a price drop when they can just reduce production to balance out supply and sit on their reserves while we spend ours. To pretend that Canada or the US are somehow independent of a single global market controlled by a handful of multinationals seems delusional. At any rate I haven't noticed "Canada's" oil resulting in a price drop here in Eastern Canada, where heating oil is at a four year high. Perhaps I'm missing something. And perhaps foolish pride is not a prudent response.
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Iam12Vote
Now With MORE Micro Bio!
08:35 PM on 01/19/2012
FYI it took four hours to post the above.
03:36 PM on 01/21/2012
Heating oil is likely not coming out of the tar sands - not much of it reaches Eastern Canada.
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Iam12Vote
Now With MORE Micro Bio!
04:59 PM on 01/21/2012
Which sort of goes to prove the point.
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Kache
Citizens, Unite!
04:25 PM on 01/19/2012
Excellent!

Keystone's oil was not destined for the US market anyhow. If it had been, Kansas City could have refined it. Instead it was headed for the global market at the Houston shipyards. This way, China gets to pay a gazillion dollars to pipe it over the Rockies to the Pacific, where it will still go on the global market. Either way, Canadian oil will either bring down or stabilize global prices and add the planet's oil in transit. This way, China foots the bill. Cheney couldn't have planned it better.
04:19 PM on 01/19/2012
Reducing our own oil consumption is the only reasonable long term goal. Absent that our demand will continue. Why? Because over the last hundred years we have used the automobile to facilitate the creation of vast areas of urban sprawl as housing has sought cheaper land. Nearly all our cities are built that way and nearly all our transportation modes connecting that sprawl rely on fossil fuels. This sunk societal cost means it will take several generations to redress this ridiculously inefficient construct assuming of course we even have the will and wherewithal to do that. Other fossil fuel sources like tight gas have their own sets of problems.
Bottom line: we will require large oil import volumes for the foreseeable future and I'd rather buy from my friends in Canada than support nasty regimes in other parts of the world.
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laymancanuck
IGNORANCE has used up its quota of TOLERANCE
04:57 PM on 01/19/2012
Great analysis, further more there is a trend for young professionals and empty nest boomers to move into revitalized areas of the city, reducing their transportation costs. While poorer house holds live in the 'burbs increasing their need for fuel.
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Iam12Vote
Now With MORE Micro Bio!
09:52 PM on 01/19/2012
Well put. And precisely why the US needs to decide to use imported oil to manufacture alternatives.