A reader sent me these two links. I was not going to post them until tomorrow, but they need to be posted tonight -- the two stories:
From the second linked article:
Buying the pipeline outright has become increasingly likely and is
now the most probable option, the person said, speaking on condition of
anonymity because the discussions are private. The deal, a value for
which hasn’t been publicly reported, will be announced as soon as
Tuesday when Prime Minister Justin Trudeau’s cabinet is due to meet.
Canada
first offered to indemnify the expansion project but is now likely to
instead buy it in full. The Canadian government plans to sell the
project -- the existing line and its expansion -- as soon as is
reasonable once it’s guaranteed that it will be built, the person said.
It’s unclear if other Kinder Morgan assets will be included in any sale.
My reply to the reader follows. The reply is not ready for prime time, but I think it adequately reflects my initial thoughts:
This -- Canada paying for, buying, whatever one wants to call it -- is
really, really bizarre. I don't know what you think about it, but it seems pretty pathetic when one province can shut down a critical project like
this that affects the entire country.
This is not similar to
the Keystone XL. The US has such a huge economy and is so diversified,
that one pipeline did not have a huge effect on US GDP. However, Canada
has little except its natural resources -- such as oil. This action by
Trudeau -- an environmentalist -- shows just how important he thinks his
project is.
Can one imagine the following?
- Pennsylvania stopping Abraham from waging war "to save the Union"
- Texas stopping FDR from entering WWII
- Massachusetts stopping the "Manhattan Project"
- Illinois stopping JFK's plan to "land a man on the moon, and safely back again"
- Hillary banning fracking
Actually I can imagine the last one. LOL.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.