A Quote by Rafael Cruz
We've got, not only the Alaskan pipeline is not being built, and that oil, Canada may decide to sell it to China, and we may lose that oil forever.
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The irony of environmental opposition to the Keystone XL project is that stopping the pipeline to the U.S. will not stop production in the oil sands of Canada. Instead of coming to the United States, the oil will still be produced and shipped by rail or a pipeline similar to the Keystone XL to Canada's Pacific Coast.
After a six-year battle, the Senate will vote next week to begin construction on the Keystone XL pipeline, which is an oil pipeline that runs from Canada to the Gulf Coast. They're hoping the pipeline will provide enough oil to cover Kim Kardashian's next photo shoot.
Right now, there are a limited number of customers for Canadian oil. Due to simple geography - and without the pipeline - it's really only cost effective for Canadian oil producers to sell their oil to North American customers, mostly American Midwesterners.
The KXL pipeline would make it easy and cost effective for oil producers in Canada to transport oil to the Gulf of Mexico where it could be shipped to customers - not just in the United States - but around the world.
Is it in our national interest to overheat the planet? That's the question Obama faces in deciding whether to approve Keystone XL, a 2,000-mile-long pipeline that will bring 500,000 barrels of tar-sand oil from Canada to oil refineries on the Gulf of Mexico.
So long as oil is used as a source of energy, when
the energy cost of recovering a barrel of oil becomes
greater than the energy content of the oil, production
will cease no matter what the monetary price may
be.
Mathematics... is a bit like discovering oil. ... But mathematics has one great advantage over oil, in that no one has yet ... found a way that you can keep using the same oil forever.
Government experts have estimated that ANWR reserves would only provide enough oil for six months of U.S. oil consumption. In addition, the oil industry itself has estimated that it would take 10 years to bring this oil to the market.
Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.
If you squeeze and squeeze, and you don't allow the Iranians to sell any oil, then what do they have to lose by shutting the Strait of Hormuz down? And if they do that, that's 35% of all the world's oil that comes through the strait and 20% of the liquefied natural gas in the world.
I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.
I've been saying for a long time, and I think you'll agree, because I said it to you once, had we taken the oil - and we should have taken the oil - ISIS would not have been able to form either, because the oil was their primary source of income. And now they have the oil all over the place, including the oil - a lot of the oil in Libya, which was another one of her disasters.
The oil industry fought hard to keep Keystone alive, making wildly exaggerated claims that the pipeline - the country's largest infrastructure project - would create tens of thousands of jobs and decrease America's reliance on oil from the Middle East.
The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.
Dubai has got very little oil; it is Abu Dhabi that has got the oil. Dubai has very small resources, and it is running out, so the government's plan has been to relieve Dubai of any dependency on oil at all by 2010.
The Keystone XL project has built strong safety measures into its design with the newest technology. Additionally, 80 percent of the new Canadian oil sands are being developed 'in situ,' meaning, it has a similar carbon footprint and emissions as conventional oil wells.
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