CBC.ca | Airplay | Trans Canada told to amend pipeline plans
Accessibility Links. Skip to main content; Skip to CBC accessibility page … Where does that leave the long-awaited Alaska Highway gas pipeline? Kurt Gibson (NGP Photo) is …
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Petroleum News Alaska by Wesley Loy. Normally Alaska North Slope crude oil flows one way — south, toward refineries on the West Coast. In recent weeks, however, something odd has happened. Tankers have returned to the terminal at Valdez still partially laden with Alaska oil. Usually, the tankers come back empty.
Inter Pipeline Fund reports strong first quarter on increased volumes
Ottawa Citizen
By Dina O’Meara, Calgary Herald May 4, 2012 An increase in oil volumes, both conventional and bitumen, lifted Inter Pipeline Fund net income by almost a quarter during the first quarter, the transportation and processing fund said Thursday.
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Economist, protesters block coal trains in BC
CBC.ca
(Ben Hadaway/CBC) "The window of opportunity for avoiding a high risk of runaway, … "Private interests — coal, rail, oil, pipeline companies and the rest …
Energy Headlines From CEA’s Rebecca Brown.
The Times Leader: Natural gas drilling could help revive U.S. manufacturing **Op-ed by Mike Marcus
With Americans perhaps more divided than ever, imagine a rare source of bipartisan acclaim that would spawn more “Made in the USA” labels and fewer that read “Made in China.” That is precisely what could happen if the shale gas boom continues to thrive and catapult America’s flagging manufacturing sector into a long-overdue renaissance.
Environmentalists claim there’s nothing new in TransCanada’s permit for the Keystone XL pipeline, through a trade group said the project would help the economy. TransCanada Corp. last week announced it submitted an application to the U.S. State Department for the Keystone XL pipeline from the Montana border with Canada to Steele City, Nebraska. It needs federal approval because the entire project would cross national borders.
A Canadian company has come forward with a new application for the hotly debated Keystone XL pipeline, once again placing a crucial decision over jobs, energy and the environment in front of the Obama administration, which rejected an earlier bid to build the $7-billion structure. TransCanada filed its application Friday with the U.S. State Department, which must determine whether the international pipeline — designed to bring diluted bitumen from the tar sands of Alberta, Canada, to a linking point in Steele City, Neb. — is in the U.S. national interest. Additional oil would be transported from Montana and North Dakota.
TransCanada Corp. (TRP) has reapplied to build the Keystone XL oil pipeline, inserting a project that is strongly opposed by environmental groups into the November U.S. presidential election. President Barack Obama delayed the $5.3 billion project in November, drawing criticism from Republican presidential candidate Mitt Romney. Last month, House Republicans sought to advance the pipeline, which crosses the Canadian border, by adding language to a highway spending bill that would set a 30- day deadline to issue a permit.
U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows. The power companies used 34 percent more gas in February than a year earlier, Energy Department data show. Even Atlanta- based Southern, historically one of the largest U.S. coal-plant operators, is on pace to consume more of the cleaner-burning fuel than coal in 2012 for the first time in its 100-year history. Utilities are the nation’s biggest gas consumers.
MarketWatch: Oil and gas prices look like they’ve peaked
In early March, gasoline prices hit $3.94 a gallon, and topped the magic $4.00 mark in California and other states. That was based on a jump in Brent crude oil prices to $128 a barrel. Some of it was due to a growing U.S. economy and some logistical issues. But the main reason was fear of either an Israeli air strike to destroy Iran’s nuclear facilities or Iranian military action to break sanctions from the international community.
American Energy Alliance headlines:
Beyond Coal. Beyond Gas. Beyond Humanity. Beyond BeliefNational Journal (5/6/12) reports: The rocky relationship between one of the world’s most influential environmental groups and the natural-gas industry is headed toward full-scale combat…The Sierra Club is intensifying its natural-gas reform campaign and renaming it “Beyond Gas,” a spin-off of its decade-old “Beyond Coal” campaign seeking the phaseout of coal-fired power plants…“As we push to retire coal plants, we’re going to work to make sure we’re not simultaneously switching to natural-gas infrastructure,” Sierra Club Executive Director Michael Brune told National Journal in an interview on Wednesday. “And we’re going to be preventing new gas plants from being built wherever we can.”
How much worse is it going to get? AEI (5/7/12) reports: Any way you slice or dice it, the April jobs report was terrible—and terribly disappointing. Employers added just 115,000 workers to their payrolls last month, way below the 180,000 Wall Street economists were expecting. Hiring has now slowed in three straight months. Job growth in March and April averaged 135,000, down from an average 252,000 per month in the three months to February. As IHS Global Insight explains: “Prior job gains at over 200,000 per month were inconsistent with the modest pace of recovery in overall output – GDP was up only 2.2% in the first quarter. It now appears that jobs have decelerated into line with GDP, rather than GDP accelerating to catch up with jobs.”
What happens to the price of natural gas when it’s used as both an electricity source and transportation fuel? Bloomberg (5/7/12) reports: U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows…The power companies used 34 percent more gas in February than a year earlier, Energy Department data show. Even Atlanta- based Southern, historically one of the largest U.S. coal-plant operators, is on pace to consume more of the cleaner-burning fuel than coal in 2012 for the first time in its 100-year history. Utilities are the nation’s biggest gas consumers.
Let’s you and me make a small wager. I bet that the Obama crew is starting to understand that the electoral calculation on this issue has flipped; it is now costing more votes than it is getting. And what does that mean? It means that President Rig Count is going to figure out a way to approve the project before the election. Anyone who wants a piece of the action, call the Pipeline The Hill (5/6/12) reports: Republicans on Friday ramped up pressure on President Obama to quickly approve the Keystone XL oil pipeline after developer TransCanada Corp. formally reapplied for a key federal permit…“Today there is just one person standing in the way of tens of thousands of new American jobs: President Obama,” House Speaker John Boehner (R-Ohio) said in a statement.
In their desperate efforts to get ink, the new collectivists start telling the truth about what they think Haunting the Library (5/6/12) reports: Who would have thought it? Warmist “scientists” have published a study claiming that in order to prevent catastrophic global warming we need permanent deep recession: “If ‘business as usual’ conditions continue, economic contractions the size of the Great Recession or even bigger will be needed to reduce atmospheric levels of CO2,” Science Daily – Global Warming: New Research Blames Economic Growth.
How much worse is it going to get? AEI (5/7/12) reports: Any way you slice or dice it, the April jobs report was terrible—and terribly disappointing. Employers added just 115,000 workers to their payrolls last month, way below the 180,000 Wall Street economists were expecting. Hiring has now slowed in three straight months. Job growth in March and April averaged 135,000, down from an average 252,000 per month in the three months to February. As IHS Global Insight explains: “Prior job gains at over 200,000 per month were inconsistent with the modest pace of recovery in overall output – GDP was up only 2.2% in the first quarter. It now appears that jobs have decelerated into line with GDP, rather than GDP accelerating to catch up with jobs.”
What happens to the price of natural gas when it’s used as both an electricity source and transportation fuel? Bloomberg (5/7/12) reports: U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows…The power companies used 34 percent more gas in February than a year earlier, Energy Department data show. Even Atlanta- based Southern, historically one of the largest U.S. coal-plant operators, is on pace to consume more of the cleaner-burning fuel than coal in 2012 for the first time in its 100-year history. Utilities are the nation’s biggest gas consumers.
Let’s you and me make a small wager. I bet that the Obama crew is starting to understand that the electoral calculation on this issue has flipped; it is now costing more votes than it is getting. And what does that mean? It means that President Rig Count is going to figure out a way to approve the project before the election. Anyone who wants a piece of the action, call the Pipeline The Hill (5/6/12) reports: Republicans on Friday ramped up pressure on President Obama to quickly approve the Keystone XL oil pipeline after developer TransCanada Corp. formally reapplied for a key federal permit…“Today there is just one person standing in the way of tens of thousands of new American jobs: President Obama,” House Speaker John Boehner (R-Ohio) said in a statement.
In their desperate efforts to get ink, the new collectivists start telling the truth about what they think Haunting the Library (5/6/12) reports: Who would have thought it? Warmist “scientists” have published a study claiming that in order to prevent catastrophic global warming we need permanent deep recession: “If ‘business as usual’ conditions continue, economic contractions the size of the Great Recession or even bigger will be needed to reduce atmospheric levels of CO2,” Science Daily – Global Warming: New Research Blames Economic Growth.
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