Enbridge Looking To Move Oil East

Get it done…

Enbridge mulls re-reversal of Canada oil pipeline.

Enbridge Inc is looking at moving oil sands crude to the U.S. Northeast and Eastern Canada by reversing the flow of one of its pipelines or building a new one, its chief executive said on Monday.

Enbridge, whose pipelines carry the lion’s share of Canada’s crude exports to the United States, may construct a new line to Philadelphia from southern Ontario or re-reverse the flow of Line 9 to Montreal from Sarnia, Ontario, Enbridge CEO Pat Daniel said.

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Spending Cuts Apparently Still Not An Option For California

Capitol Alert: Controller: State to run out of cash in March without action.

California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.

The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June.
But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on.

Read more here: http://blogs.sacbee.com/capitolalertlatest/2012/01/controller-state-to-run-out-of-cash-in-march-without-action.html#storylink=cpy

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#Greenfail – Another Solar Company Hits The Skids

More Solyndra-style failure: Obama-tied Amonix Inc lays off most of company | The Daily Caller.

Some of President Barack Obama’s top donors and fundraising bundlers are partners in Amonix Inc., the latest Solyndra-like corporate crash. The company has announced a layoff of 200 workers — two-thirds of its workforce — despite a federal green-technology tax credit of $5.9 million in 2010.

The investors include John Doerr’s venture capital firm Kleiner Perkins Caufield & Byers, Daniel Weiss’ Angeleno Group LLC and Steve Westly’s eponymous Westly Group, according to Amonix’s website.
These three investors have also invested heavily in Obama and other Democrats — and the president’s aides are now trying to minimize the political damage.

 

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#Greenfail – Spain Gives Up On Renewable Energy Subsidies

Not sustainable…

Spain Halts Renewable Subsidies to Curb $31 Billion of Debts – Bloomberg.

Spain halted subsidies for renewable energy projects to help curb its budget deficit and rein in power-system borrowings backed by the state that reached 24 billion euros ($31 billion) at the end of 2011.
“What is today an energy problem could become a financial problem,” Industry Minister Jose Manuel Soria said in Madrid. The government passed a decree today stopping subsidies for new wind, solar, co-generation or waste incineration plants.

Via SDA

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Time To Stop Selling Cars To California

They can take the bus to work…

California breaks rank again, demands over 15% of cars sold be non-polluting by 2025.

Less than a year after everyone with any sort of say in the matter seemed to agree that 54.5 miles per gallon by the year 2025 was a properly attainable goal, the California Air Resources Board has decided to change things up a bit.

In addition to CAFE requirements of a 54.5-mpg fleet average (using the government’s formula, not what you see on window stickers), at least 15.4 percent of all cars sold by any major automaker doing business in California will have to be either fully electric, a plug-in hybrid or be powered by a hydrogen fuel cell by 2025. There are questions about the “over-compliance” section of the bill, which we’ll be investigating further.

Since when are coal powered cars non-polluting anyway?

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What’s Next For The Watermelons?

The fraud unravels some more…

Forget global warming – it’s Cycle 25 we need to worry about (and if NASA scientists are right the Thames will be freezing over again) | Mail Online.

The supposed ‘consensus’ on man-made global warming is facing an inconvenient challenge after the release of new temperature data showing the planet has not warmed for the past 15 years.

The figures suggest that we could even be heading for a mini ice age to rival the 70-year temperature drop that saw frost fairs held on the Thames in the 17th Century.

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Did Big Environment Pick The Wrong Side?

Be careful what you wish for…

Buffett’s Burlington Northern Among Winners From Keystone Denial – Bloomberg.

Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.

With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

A pickup truck collided with a moving train at a crossing outside of Oxbow Sunday evening, derailing 22 cars.

Twenty-two railcars ended up in a field on Sunday night, after a 20-year-old man from Manor slammed his red pickup truck into a moving train near Oxbow.

Light crude oil leaked from six of the cars, with Canadian Pacific (CP) officials and environmental crews on scene throughout Monday to assess the damage and start the cleanup.

The accident happened at an uncontrolled rural train crossing near Highway 18, about 265 kilometres southeast of Regina, at 11 p.m.

 

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Grim Milestone

Dereliction of duty…

1,000 Days Without a Budget: Facts on the Senate’s Failure.

Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass on leading, all to the detriment of the poor and middle class.

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Gives A Whole New Meaning To The Term Limousine Liberal

Environmentalism and the Leisure Class.

This week President Obama handed down what may prove to be one of the most fateful decisions of his entire administration when he rejected the plan to build the Keystone XL Pipeline carrying oil from the tar sands of Canada to the refineries of Houston. The decision did not win him one new vote but was crucial in protecting his environmental flank. The movie stars and Sierra Club contributors were getting restless and had drawn the line in the sand.

 

 

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Straight From The Pages Of “Atlas Shrugged”

Remember the original title of the book was “The Strike”. As usual Kate says it best – I wish I owned all the oil companies in the world. I’d go on TV tomorrow to announce my retirement;

Dems propose ‘Reasonable Profits Board’ to regulate oil company profits – The Hill’s Floor Action.

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits.

The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

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