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Obama to block Keystone oil pipeline

Started by Kleves, January 18, 2012, 02:20:13 PM

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crazy canuck

Quote from: grumbler on January 19, 2012, 11:14:05 AM
Quote from: Barrister on January 19, 2012, 10:23:10 AM
Except that's pretty much TCPL's Plan B - they're already working on a pipeline to BC.

I don't think they're building refineries though - they'll just ship unrefined crude to asia.

They were working on the pipeline regardless of the status of Keystone.  The two pipelines are not at all exclusive.  It is possible, though, that much of the additional Canadian production over what they produce now will have to go to Asia if Keystone isn't built.


Yeah, you are right about that Grumbler.  The pipeline through BC to Kitimat to transport to Asia is a completely different project and being buit by a competitor of TransCanada.   Ironically the rejection of Keystone greatly improves the likelihood of the BC pipeline approval since it will be seen as much more of an economic imperative now that selling into the US has become less certain.

and fyi for all, BC already has a refinery located at a port just outside Vancouver (in Burnaby).  Although it would likely be politically difficult to increase production at that location in order to process the oil from the tar sands.

Phillip V

Poll: Public says Keystone XL a jobs win

78 percent of Americans say a pipeline would create a "significant amount of jobs."

http://www.politico.com/news/stories/0112/72199.html

Admiral Yi

Quote from: Phillip V on January 31, 2012, 01:29:04 PM
Poll: Public says Keystone XL a jobs win

78 percent of Americans say a pipeline would create a "significant amount of jobs."

http://www.politico.com/news/stories/0112/72199.html

How in the world is this a relevant question for an opinion survey?  The pipeline would either create a lot of jobs or it wouldn't.  The percentage of people who think it would doesn't change anything.

The Minsky Moment

Quote from: Neil on January 20, 2012, 01:19:56 PM
Your TV is full of ads for clean coal.

Wouldn't exactly be the first time something stupid was broadcast on American TV.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

sbr

Quote from: Admiral Yi on January 31, 2012, 01:32:54 PM
Quote from: Phillip V on January 31, 2012, 01:29:04 PM
Poll: Public says Keystone XL a jobs win

78 percent of Americans say a pipeline would create a "significant amount of jobs."

http://www.politico.com/news/stories/0112/72199.html

How in the world is this a relevant question for an opinion survey?  The pipeline would either create a lot of jobs or it wouldn't.  The percentage of people who think it would doesn't change anything.

And how could it not create some jobs for a period of time.  The question is whether or not those jobs are worth everything else that comes with a pipline.

The Minsky Moment

Quote from: Admiral Yi on January 31, 2012, 01:32:54 PM
How in the world is this a relevant question for an opinion survey?  The pipeline would either create a lot of jobs or it wouldn't.  The percentage of people who think it would doesn't change anything.

Also - unless the pipeline can build itself, it will by defintion require labor to construct.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

Sheilbh

Quote from: Admiral Yi on January 31, 2012, 01:32:54 PM
How in the world is this a relevant question for an opinion survey?  The pipeline would either create a lot of jobs or it wouldn't.  The percentage of people who think it would doesn't change anything.
You're right.  But it matters for the politics.  That's why it's on Politico not Bloomberg.
Let's bomb Russia!

mongers

Pipelines don't create many jobs and often those aren't suitable for locals anyway; the highly skilled welders will move from job to job around the country/world
"We have it in our power to begin the world over again"

The Minsky Moment

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

Barrister

Quote from: mongers on January 31, 2012, 02:03:02 PM
Pipelines don't create many jobs and often those aren't suitable for locals anyway; the highly skilled welders will move from job to job around the country/world

Involves a lot of less skilled work too though - all that excavating and trenching.

But I agree the job impact of pipeline construction is going to be fairly small.
Posts here are my own private opinions.  I do not speak for my employer.

mongers

Quote from: The Minsky Moment on January 31, 2012, 02:15:13 PM
Welders have to eat.

Trust me the ones I used to know, got the vast majority of their calories from drinking.  ;)
"We have it in our power to begin the world over again"

The Minsky Moment

Quote from: mongers on January 31, 2012, 02:24:25 PM
Trust me the ones I used to know, got the vast majority of their calories from drinking.  ;)

The margins on that are even better!
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

mongers

Quote from: The Minsky Moment on January 31, 2012, 02:39:30 PM
Quote from: mongers on January 31, 2012, 02:24:25 PM
Trust me the ones I used to know, got the vast majority of their calories from drinking.  ;)

The margins on that are even better!

:P

So JR you'd also defend defence spending as an effective job creation scheme, because we're in that territory re multiplier effects.

or with my hippy hat on, public works not war.  :)
"We have it in our power to begin the world over again"

The Minsky Moment

Im saying that the proposition that building a giant pipeline generates jobs is a truism.
that in itself it not a reason to do it or not do it.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

mongers

Quote from: The Minsky Moment on January 31, 2012, 03:53:20 PM
Im saying that the proposition that building a giant pipeline generates jobs is a truism.
that in itself it not a reason to do it or not do it.

Well that's not saying much is it, we were discussing the how many it might generate.

And indeed you're right it should be a reason at all, but that was the idiotic suggestion from the politician involved.
"We have it in our power to begin the world over again"