House GOP Hold Tax Cut Hostage to Keystone XL Pipeline, Based on Discredited Job Nbrs

[Th'Pusher]

It's going to an existing refinery there. It is not cast in stone where the refined products goes after that. Obviously export is an option but not a mandate.

They want to get it to Port Arthur because it is within a Foreign Trade Zone where they can export tax free. Trans Canada has already admitted most of the oil will be exported. Valero laid out their export strategy to their investors.

[CosmicCowboy]

They want to get it to Port Arthur because it is within a Foreign Trade Zone where they can export tax free. Trans Canada has already admitted most of the oil will be exported. Valero laid out their export strategy to their investors.

Uh....are you aware that Transcanada is just the transport company and not the owner of the oil?

Are you aware that the recipients of the purchased oil on the gulf coast are for the most part american companies?

Are you aware that since WWII, exporting refined petroleum products has been a huge business?

Would you agree that if the middle east blew up and Iran closed the straits of Hormuz that it would be damned nice to have access to that Canadian oil?

If you don't like tar sands oil, then fine...but trying to attack it by attacking the pipeline is a move...they will just get it to the world market some other way...and then the US won't EVER have easy access to it...

Trying to make the pipeline company "promise" that all products produced by the oil transported in the pipeline would be sold in the US was just a move and brazen bloviation.

[boutons_deux]

JC, create what jobs?

[Das Texan]

building a pipeline to link the oil fields of canada with the refiners in the states is beyond smart.

its a and a pain in the ass to secure the right of ways, so if these people think the shovels are hitting the ground in 2012, they are delusional.

the total jobs is probably on the higher end, though they are probably just factoring in jobs for the actual building of the pipelines and not the securing of the right of way access, either through right of way agreements or eminent domain proceedings in the courts. The actual building of this thing is going to be easy compared to getting all of that secured.