Democratic gubernatorial candidate Steve Bullock says he would back the Keystone XL Pipeline “under certain conditions,” according to this report on KXLF-TV’s website:
Bullock says he is in support of coal production in Otter Creek, but only if the price is right.
He is also behind the proposed the Keystone Pipe Line under certain conditions.
I would support the jobs, if. I would support the jobs, but. (Not his exact quotes, but certainly how his quotes come across) How’s that for being bullish on the economy?
Meanwhile, RedState.com has this:
‘We have more oil and natural gas than anyone thought possible even 5 years ago.’
The domestic oil and gas supply picture is better than it’s been in a generation, and it’s getting better every day. That’s not just my opinion; it’s also the conclusion of Adam Sieminski, chief administrator of the Department of Energy’s Energy Information Administration (EIA), the government’s one-stop shop for all statistics related to our nation’s energy production and consumption. Sieminski was interviewed by Platt’s Energy Week upon the release of EIA’s annual reserve statistics on August 2, 2012 .
Congressman Fred Upton (R-MI) nails the energy policy debate between Mitt Romney and Barack Obama as symbolic to the overarching economic debate. Upton had this to say in an Op Ed in The Washington Times detailing the Keystone v Solyndra economy.
Solyndra – a bankrupt, federally subsidized solar project – and Keystone – a proposed pipeline carrying oil from Canada – are really symbols of a larger narrative, serving as examples of two distinct economic and governing philosophies. The Keystone approach supports free markets, encourages private investment and relies on technology instead of regulatory mandates to produce energy. The Solyndra model advocates prescriptive and detailed Washington planning, massive federal spending, and recasts energy bureaucrats as venture capitalists.
The first approach would create hundreds of thousands of rewarding American jobs, generate new tax revenue and reduce our dependence on energy from unfriendly sources. The second wastes taxpayers’ money, allows Washington to pick winners and losers and does little to promote American energy independence or create jobs.
But wait a minute, what about all of those investments in green energy by the Chinese, as one of our frequent callers inquired on our statewide talk show this morning.
Just how is that working out? For the answer, the Montana-based 2nd Grade Bike Rack blog has this post featuring a Wall Street Journal guest opinion column from an associate professor of practice at Tsinghua University’s School of Economics and Management in Beijing, China:
On Aug. 3, the owner of Chengxing Solar Company leapt from the sixth floor of his office building in Jinhua, China. Li Fei killed himself after his company was unable to repay a $3 million bank loan it had guaranteed for another Chinese solar company that defaulted. One local financial newspaper called Li’s suicide “a sign of the imminent collapse facing the Chinese photovoltaic industry” due to overcapacity and mounting debts.
President Barack Obama has held up China’s investments in green energy and high-speed rail as examples of the kind of state-led industrial policy that America should be emulating. The real lesson is precisely the opposite. State subsidies have spawned dozens of Chinese Solyndras that are now on the verge of collapse.
Despite the continued blockage by the federal government of the Keystone pipeline, a top TransCanada official is optimistic that the Keystone pipeline will be approved, according to The Nebraska Radio Network.
A top TransCanada official expresses optimism the Keystone XL oil pipeline will win approval early next year.
TransCanada President of Energy and Oil Pipelines, Alex Pourbaix, said in an interview with Nebraska Radio Network affiliate KLIN’s Drive Time Lincoln that TransCanada made changes to the proposed route of the Keystone XL pipeline after hearing concerns from Nebraskans as well as the Nebraska Department of Environmental Quality. Pourbaix said the company considered the first alternative route it submitted in April as safe.