GOP Should Claim Victory on Keystone XL - News and Current Events | futures io social day trading
futures io futures trading


GOP Should Claim Victory on Keystone XL
Updated: Views / Replies:500 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

GOP Should Claim Victory on Keystone XL

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

GOP Should Claim Victory on Keystone XL

Canadian pipeline company TransCanada announced it was building a stand-alone section of the controversial Keystone XL oil pipeline to the southern coast of Texas. This in part addresses one of the primary aims of the project, which is to add pipeline capacity to the refining market along the southern U.S. coast. The White House welcomed the measure, but President Obama's critics continued to complain. With TransCanada acknowledging Obama isn't opposing the overall merits of the project, however, it's odd that White House critics aren't taking a victory lap on Keystone XL.

TransCanada announced this week it was moving ahead with its so-called Gulf Coast Project, a domestic stand-alone section of Keystone XL. The White House expressed support for the project by saying the pipeline would uncork bottlenecks at the Cushing, Okla., hub and get much-needed crude oil to the market. This, in turn, would get more oil to the global market and, in theory, lower crude oil prices.

Critics complain the Obama administration is standing in the way of a vibrant domestic energy market. White House spokesman Jay Carney, however, said TransCanada needed to move ahead with the U.S. section because crude oil production in the United States had increased. Republicans counter his argument by saying that's a result of the policies enacted by the Bush administration, something Carney didn't necessarily deny.

Republican leaders have tried to get around Obama on the broader Keystone XL pipeline through various legislative maneuvers. Obama rejected the latest effort when Republicans inserted a 60-day deadline for Keystone XL into a payroll tax bill. Carney, for his part, said domestic pipelines are approved by the Obama administration "all the time" and TransCanada's project "is important." GOP leaders, however, bemoan the fact that it took three years to get this far and continued to lob insults at Obama.

TransCanada said the Gulf Coast Project would help reduce U.S. dependence on foreign crude. Isn't that what the Republicans wanted the whole time? How is this not a victory for the GOP? Part of the pipeline they've lobbied so hard for is moving ahead with absolutely no objection from the White House. Yet Sen. Dick Lugar, D-Ind., complained to Secretary of State Hillary Clinton that Keystone XL was now somehow a national security issue in light of recent market tensions over Iran.

"The decision to delay sends a signal to markets and our overseas enemies that we are not serious about ending U.S. energy dependence," said Lugar in a statement.

This is starting to sound like the various justifications the Bush administration gave for the Iraq war. Did Lugar not read Carney's statements? Critics will note the White House spokesman is, obviously, biased in favor of the White House. But it only takes a brief glance at TransCanada's statement regarding plans to re-apply for a permit for the entire project to find that most, if not all, of the wind is now taken out of the Republican's sails on Keystone XL.

"Reapplying for the Keystone XL permit is supported by words used in President Obama's statement Jan. 18, 2012 when he said the denial of the permit was not based on the merits of the pipeline but rather on an imposed 60-day legislative timeline to make a decision on the project," the company said in a statement.

The U.S. section of TransCanada's section should go into service by next year. When you're handed a political victory, take it regardless of how it developed.

GOP Should Claim Victory on Keystone XL

Reply With Quote

Reply



futures io > > > > GOP Should Claim Victory on Keystone XL

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TransCanada chops up Keystone XL to push it ahead kbit News and Current Events 0 February 27th, 2012 07:52 PM
'Euro will be stable' claim is ridiculed kbit News and Current Events 0 January 2nd, 2012 01:47 PM
Keystone XL Pipeline: Economics, Idealism and Politics Quick Summary News and Current Events 0 December 21st, 2011 02:20 PM
XL Trader Gabriyele Elite Trading Journals 38 November 28th, 2011 08:06 PM
The Euro's Premature Victory Lap Quick Summary News and Current Events 0 October 31st, 2011 04:43 AM


All times are GMT -4. The time now is 04:05 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.07 seconds with 19 queries on phoenix via your IP 54.226.113.250