An interesting article.
Most people look at Keystone and simply talk about the Economic/Environment debate.
But this is some really interesting property rights stuff. You would think the party of the "Constitution" would be all over this.
TransCanada's practices are pretty shameful. And it's surprising to me that various US courts (of course, their all in GOP states) would simply allow a Canadian Company to be able to Condemn US owners property so they can build on it.
Especially considering TransCanada tried to get away with paying very little for many of these properties. Well below even fair value. (It should be above fair value in buying terms).
Speaking as someone from the energy industry who works on the rotating equipment side; I'm frankly concerned the US government has not simply told TransCanada to get lost.
Moreover, it's even more concerning to me that US Energy Companies haven't stepped into the fray and backed TransCanada off.
Keystone isn't needed, shouldn't be wanted, and is a waste of our time.
Anyone telling you otherwise is a) Simply backing their party view b) doesn't understand the reality of that pipeline or c) benefits from it
1) There's already a pipeline that crosses in ND that can legally be expanded if TransCanada so wants to transport Oil down to the Gulf Refinery Center for Export.
The only reason to build this route is it's more direct and thus less costly for them. Yet we take on all the risk, legacy costs, and so forth with little reward for our efforts. Most of the benefit will go back to TransCanada and thus Canada.
We will collect a few various fees from them and that's it.
2) US Oil is frankly better, less dirty, cheaper for us to get, benefiting our industry, and the US is already building all the pipelines.
TransCanada is too late. They've been jumped by Domestic Operators who are now moving seas of oil around, without building a huge pipeline over the Oglala Aquifer.
Why wouldn't we want to have that money going to our domestic companies vs a Canadian one?
3) The Refinery Capacity we have should be reserved for our Domestic Oil and Pipeline Companies. Not TransCanada.
The US has become the #1 Exporter in the World of Refined Petroleum Products. The energy movement here in the US.
It's closing our trade gap, it's powering the manufacturing sector forward, it's enabling a monumental shift to natural gas from dirtier processes, the exact bridge we need in coming decades to move onto completely renewable technologies.
Why would we want to help TransCanada when those efforts would be better spent on ourselves?