To listen to the Obama administration and assorted panic-stricken eco activists, construction of the Keystone pipeline would be some sort of unprecedented environmental rape.

Just as a reminder, here’s a map of crude and natural gas pipelines running throughout the US… Click the picture to enlarge:

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A map of all pipeline coverage is here.

The real reason Team Obama opposes the Keystone pipeline? It would boost private sector prosperity and wouldn’t necessarily further empower the government. If the Keystone XL gave the government more power and control, Obama would personally be in the field supervising construction as we speak.

Comments

20 Responses to “Pipeline Panic: A Reminder”

  1. backwoodsconsr on December 20th, 2011 2:50 pm

    That's right. If creates private sector jobs and increases prosperity, it can't be good. And liberals think conservatives are stupid.

  2. Pasadena Phil on December 20th, 2011 3:15 pm

    Considering how close we are to world war, it would be a bitter lesson to relearn were we disadvantaged because we lacked the wisdom and sense of self-preservation to allow the private sector to build out a major piece of essential infrastructure when we had the chance and had the time. Of course if you are a citizen of the world, national interests have no meaning. It's just another thing we'll have to apologize for after we win the war and save the free world one more time.

  3. Marshall_Will on December 20th, 2011 3:19 pm

    Had O'Drama been pResident when fire was first discovered there'd have been a EO banning it.
    http://www.youtube.com/watch?v=nciH9Neesmg&fe

    Unless it was for Him to torch up some doobage…

  4. Marshall_Will on December 20th, 2011 3:41 pm

    Sky-high energy costs have been the jack boot from Day 1 w/ this a-hole. With so much of what was formerly disposable income for the remaining employed adjudicated towards simply being able to get to work and back, mom & pop retailers didn't stand a chance.

    It's a win-win where Progs are concerned. We need to discuss just HOW ppl become M&P's. Guys like Phil and myself went to college, worked for a -major- brokerage firm, got fed up and struck out on our own. A process years in the making.

    Only going independent when the status quo becomes completely unworkable! Normally funded by savings, home equity, retirement accounts or as MM once quipped at Hot Air "some really, REALLY max'd out credit cards". Most small biz's dangle by a thread. How much of a shakdown would it take before they couldn't hold on?

  5. Dexter_Alarius on December 20th, 2011 4:09 pm

    Doug, you've got it wrong. The Oblamer administration is not opposed to the pipeline. They just can't piss off the eco-whackos until after the election.

  6. backwoodsconsr on December 20th, 2011 4:10 pm

    Sure he is. He's declared war on prosperity.

  7. Pasadena Phil on December 20th, 2011 4:19 pm

    There's a decent breakdown on the pros and cons of Keystone here:

    http://www.realclearenergy.org/2011/11/10/pros_am

    I'm fairly well-versed on pipelines in the US and I believe that this will become a very important piece of infrastructure but I can't understand why we need to feed more crude into our over-stocked refineries. That is where the real bottle neck is. And the natgas business will never take off until we have the liquification, terminaling and export facilities to export the stuff.

    The only thing standing in the way is government.

  8. Dexter_Alarius on December 20th, 2011 4:19 pm

    But, it's also a LOT of union jobs. He will approve it.
    But, not until the enviro-nazis have voted.

  9. Marshall_Will on December 20th, 2011 4:41 pm

    Phil,

    In realizing you're basically a Commodities Trader, I'll respect your expertise in all matters distribution.

    But think of it this way, if not for the internet, many MANY job applicants would be up shiz creek. Anyone recall when job app's weren't available in a downloadable pdf format and uh… you had to DRIVE to the prospective employer to pick one UP? And either hastily fill it out on the spot or ( which they frowned upon endlessly ) or go home, fill it out and THEN return to drop it off?

    So many ppl are just a 1/4 tank from hoofing it! So all of the efficiency of having internet acces has been totally and completely NEGATED! The Wealth Effect entirely consumed in higher health care premiums! Obama isn't the first d!ckhead to p!ss away our hard fought natural and innovative advantages! He isn't the first DH to Pick Winners & Losers.

  10. Pasadena Phil on December 20th, 2011 4:58 pm

    I'm hardly a commodities trader. It's just that in this upside down world where "safe" investments like treasuries offer nothing but risk with almost no return (stooping to pick up nickles in front of a moving steam roller), I am only investing in companies that generate tons of operational cash flow engaged in businesses that are essential in any economy and that pay increasing dividends. That boils down to food, energy and core industrials. Everything is tactical these days.

    There is a big global economic reset lurking around the corner. That usually means world war. It's no longer about economic theory. It's the mathematics that don't work.

  11. Marshall_Will on December 20th, 2011 5:09 pm

    Since I'm no longer registered..! I'd always followed Van Eck where Oil/PM etc. was concerned. Their Hard Assets conf. calls were the Shiz!

    I would say, there -isn't- a Global Economic Reset ( at least in a fashion the PTB would find agreeable? ) and that's the big problem. All we've known for at least the last three decades is product dumping and currency PUMPING! If only "more liquidity" were the answer they wailed!

    But I am serious about the everyday logistics being squandered. Doug's at a crossroads where he's 'just'… about able to walk away and write Full Time. How is getting stung for $400+ a mo. heating bills and X 2 commuting costs helping his cause? ANY of our causes?

  12. Pasadena Phil on December 20th, 2011 5:22 pm

    It's not just Doug. As I listen to what our "betters" are discussing in DC, I can't help but wonder how long it will be before they make my profession illegal. We capitalists are being systematically put out of business. Dissenting voices are being herded together in echo chambers where they can be more easily managed or silenced.

    Those of us who do the ground work face-to-face with Americans are being pushed aside in favor of bureaucrats. How long before we will all have to explain ourselves to the neighborhood commissar? Apparently, many of us seem to think that it matters whether those commissars are Republicans or Democrats.

    I am having a very hard time seeing this work out well. We are going over the cliff like zombies.

  13. Marshall_Will on December 20th, 2011 5:32 pm

    Back in the early 90's I worked w/ a guy that remembered CUSIP #'s off bond trades from 6 mos. ago. Just an incredible guy. He left the firm and worked for the Seattle NASD branch.

    After 2 years he came back. Oh the stories he could tell! Even by the late 90's it was apparent to him that regulators wanted a "Salaried Rep Model" and… if you look at the way things have turned out, 80% of ret. assets are either at Vangard or Fidelity! Only a smattering of "unaccounted" assets remain and they'll DEAL w/ them in short order!

    The pressure for Gov. involvement at the 401k/IRA level is IMMENSE! It will hurt the lil' peeps the most. Wealth will just gravitate toward Trusts etc. and just pay the penalty for early/excess conversion.

  14. Pasadena Phil on December 20th, 2011 5:42 pm

    Excellent point. I have been almost alone arguing against the privatization of Social Security with private accounts. Most people don't belong in the stock market and the industry is has now embraced the "broad diversification" and "balanced asset allocation" portfolio model as bible wisdom. You don't have to be a genius to grasp that you don't make money by owning a little bit of everything.

    All this accomplishes is to make it impossible for anyone to make money in the market. Trading volumes have been cut in half over the past ten years and more than 70% of today's volume is due to computers playing ping pong as they step in front of everyone else's trades. So the two most important reasons for the very existence of markets, price discovery and efficient capital allocation, are just not happening. We're all just staring at flashing numbers on a screen that have little connection to reality. It's insane.

  15. Marshall_Will on December 20th, 2011 6:14 pm

    "you don't make money by owning a little bit of everything"

    Hey.., that's MY soapbox damn it! I've told people for years; I'm not the greatest stockpicker in the world. All 'I' try to do is weed out the obvious LOSERS".

    A few years ago that was CRE. Oh and those bridge loans are due this mo. aren't they? But it's now the very reason I'm gravitating that direction. Same deal there. Between Grubb & Ellis, Cohen & Steers and handful of others, they rep. about 80% of the CRE out there.

    By focusing on the 20% that -isn't- MegaCorp-controlled you're dealing on a local level. For the immediate future local gov's are sucking just to get owners/tenants to step up. Tax breaks, new sidewalks, parking!? So you're playing a split hand. Shy of outright expropriation, they're gonna' have to PAY you for the bldg! Yes I have an offer in on one.

  16. SignPainterGuy on December 20th, 2011 6:46 pm

    Good points everyone ! Frustrating and scary stuff !

    Doug, I agree with your conclusion; It IS all about "power and control" and Oblamer and Co. hate personal / private prosperity !

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  19. chemotherapy on April 4th, 2012 7:22 am

    Those of us who do the ground work face-to-face with Americans are being pushed aside in favor of bureaucrats. How long before we will all have to explain ourselves to the neighborhood commissar? Apparently, many of us seem to think that it matters whether those commissars are Republicans or Democrats.

  20. MT4 News Robot on November 18th, 2014 8:12 am

    When I took a look for the first time to the picture I thought it were roads there, interesting map by the way ! Good post.

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