Premium Essay

Keystone Xl Pipeline

In: Social Issues

Submitted By Swervingbread
Words 1747
Pages 7
Alberta Oil – Keystone XL pipeline

The high demand for oil in the U.S. is continuously increasing. In 2010, the United-States, on average, consumed 19.15 million barrels of oil per day (bpd) (Index Mundi 1). Due to the high demand and the proximity to the U.S., Canada is a major supplier of their oil. The Alberta Tar Sands are the 2nd largest oil reservoir in the world and are a major source of Canada’s oil exports to the States and to the world. The high demand is being met with extreme dislike from environmentalists. It also creates thousands of jobs. Bureaucrats are pushing for its construction; they do it for the economical growth and the capital benefits. The construction of the Keystone XL pipeline (KXL) is a controversial issue which has lead President Obama to deny the permit for TransCanada to continue building in the United-States. Sending crude oil down to the United-States would be a sensitive issue and could hurt Canada’s economic development in the future if not handled correctly. The Keystone XL pipeline would primarily perform the job of bringing oil down from Alberta to the large refineries in Texas. The pipeline will provide millions of new jobs in North America. The quick job increase is due to the fact that government of Alberta assigns permits to extract oil from the Tar Sands and not one has been denied. Robert Rampton, a reporter for the Financial Post, wrote, “Canadian production is surging on expanding output from the oil sands. With exports to the United States up 34% year after year, existing pipeline capacity is full”(1). Therefore a new pipeline is needed urgently. Prime Minister Harper spoke about a -conflict-free- U.S.-Canada energy partnership (Minicucco, 1) around the pipeline. This is especially important when compared importing from volatile oil producing nations like Venezuela and Middle Eastern nations. The pipeline will…...

Similar Documents

Premium Essay

Xl Axiata

...PT XL AXIATA Tbk DAN ANAK PERUSAHAAN/ AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS UNTUK TAHUN-TAHUN YANG BERAKHIR/ FOR THE YEARS ENDED 31 DESEMBER/ DECEMBER 2011 DAN/ AND 2010 PT XL AXIATA Tbk DAN ANAK PERUSAHAAN/ AND SUBSIDIARIES Halaman 1 Page LAPORAN POSISI KEUANGAN KONSOLIDASIAN 31 DESEMBER 2011 DAN 2010 (Dinyatakan dalam jutaan Rupiah, kecuali nilai nominal per saham) Catatan/ Notes 3 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2011 AND 2010 (Expressed in millions of Rupiah, except par value per share) 2011 Aset lancar Kas dan setara kas Piutang usaha - setelah dikurangi penyisihan piutang ragu-ragu - Pihak ketiga - Pihak-pihak berelasi Piutang lain-lain - Pihak ketiga - Pihak-pihak berelasi Persediaan Pajak dibayar dimuka Uang muka dan beban dibayar dimuka Aset lain-lain Jumlah aset lancar Aset tidak lancar Aset tetap - setelah dikurangi akumulasi penyusutan Piutang derivatif Aset lain-lain Jumlah aset tidak lancar Jumlah aset Liabilitas jangka pendek Hutang usaha dan hutang lain-lain - Pihak ketiga - Pihak-pihak berelasi Hutang pajak Beban yang masih harus dibayar Pendapatan tangguhan Liabilitas diestimasi Bagian pinjaman jangka panjang yang jatuh tempo dalam satu tahun Bagian obligasi yang jatuh tempo dalam satu tahun Jumlah liabilitas jangka pendek Liabilitas jangka panjang Pinjaman jangka panjang Liabilitas pajak tangguhan Obligasi Hutang derivatif Liabilitas diestimasi Jumlah liabilitas......

Words: 42262 - Pages: 170

Premium Essay

Keystone Xl

...The highly controversial, and much disputed issues surrounding the Keystone XL crude oil pipeline project have been under the scrutiny of American politics in recent months. A debate has ensued around national calls for the construction of infrastructure that would transport a crude oil alternative from Canada to the United States, and has rapidly gained increased exposure. This exposure can be attributed to a number of factors, but in large part rising gasoline prices and political pressures are the driving factors. Increased demand for more reliable and stable supplies of crude oil in the United States has been driven by an ailing supply of traditional heavy oil. TransCanada Corporation is a Canadian based energy company which develops and operates energy infrastructure throughout North America. The corporation finds itself at the focal point of the oil sands debate. The transnational corporation has applied for a permit to carry out a $7 billion project by the name of Keystone XL, which would allow TransCanada to construct and manage an oil transport pipeline between the United States-Canada border. The pipeline would transport crude oil produced from oil sands in Canada to oil refineries in the Texas Gulf Coast. Since the pipeline would cross international borders, the project requires the approval of the State Department in accord with Executive Order 13337. It is over this crucial point that much of the discussion has been centered. Time Magazine has dubbed oil sands......

Words: 4360 - Pages: 18

Premium Essay

Keystone Xl Pipeline Expansion

...11/13/13 Geology 100 Keystone XL Pipeline The presentation on the Observation’s on Geology, Society, and the Nebraska Geological Survey where very interesting, and explained in multiple different ways. I observed many different points of views from Dr. Joechel and also the community. He started by the concept of, “Environmental literacy requires an appreciation of the solid Earth!” This meant a lot to him and he mentioned he wish’s everyone could understand it. He then went into talking about the aspects of mineral resource availability, and how many factors play into it. These include technical, environmental, social, political, and economic factors. People do not know the difference between hazard and risk he explained, “the pipeline is a potential hazard.” A significant hazard may or may not mean significant risk. Risk cannot exist in the absence of hazard. He had a lot of backup knowledge and understanding slides leading up to the main topic, which is when he introduced the Keystone pipeline expansion. I learned that the pipeline expansion allows for the shorter route for the transfer of heavy crude oil (crude bitumen) from tank farms in Alberta storing product derived from Athabasca Tar Sands. It would also carry oil from the Bakken and Three Froks Formations in Williston Basin of Montana and North Dakota. It would generate about 20,000 jobs in the U.S. Some of the pros of the pipeline would be that it’s an efficient mean of transport and will lead to......

Words: 654 - Pages: 3

Free Essay

Burma Pipelines

...Burma Pipelines Case Study OL 690 Helen Cowell Prof. Jan Wyatt August 16, 2012 Torture, forced displacement, land confiscation, genocide and arbitrary arrest are connected to the Shwe natural gas and oil project in Burma. What is the damage to the environment and the livelihood of the thousands of the displaced people? Are the people’s human rights being violated by being forced to give up their land? Are Chinese companies being unethical and prey-hunter businessmen? These are just a few of the questions being asked concerning the new pipelines being built. Natural gas and oil pipelines, which will start in Kyaukphyu, are being constructed to provide gas and oil to resource hungry China. The oil pipeline will be 479 miles long and will be able to discharge 240 thousand barrels of oil per day. The natural gas pipelines will extend even further to Guangxiin China, running a total of 1700 miles long. Burma relies on agriculture and exports of rice to keep their economy afloat. Climate changes, due to burning gas, will have huge impacts on global temperatures in Burma. Burma is a lowland delta region which is vulnerable to flooding. The project has led to the confiscation of thousands of acres of land across the area of Burma due to creating a “security corridor” adjacent to the pipeline, destroyed the livelihood of farmers due to land confiscation, bankrupted fisherman by devastating the marine ecosystem, due to underwater mining, and killing fish. Some......

Words: 441 - Pages: 2

Premium Essay

Trans Mountain Pipeline Expansion Project: Regulatory Requirements and Technical Analysis

...Trans Mountain Pipeline Expansion: Regulatory Requirements and Technical Analysis Student Name University Name Table of Contents 1.0 Introduction 5 2.0 Shipping 5 2.1 Spills risk 6 2.2 Spills response 7 2.3 Spills recovery 8 3.0 Pipeline safety and integrity 9 3.1 Risk analysis 10 3.2 Spill preparedness and response 10 4.0 Greenhouse gas emissions 11 4.1 Implications of pipeline expansion 12 4.2 Alternatives and its effects 13 5.0 Conclusion 13 Abstract There is high rate of increase in the world’s demand for energy to run its various development projects. However, the most popular source of the needed energy is oil and petroleum products. To respond to this dire need for energy, Trans Mountain company under the Kinder Morgan Canada has presented a request for approval of its multi-billion dollar expansion. However, their proposal report for approval has drawn mixed reactions from first nations, municipal governments, British Columbia residents and various environmental organizations. A lot of environmental issues have topped the list of the project’s safety complications. Some of these groups have vowed never to support the expansion project citing various loopholes. Kinder Morgan Canada’s oil spills risk assessment both on pipelines and shipping vessels is elaborate. It has considered every concern of various partied and has tried to adjust to the NEB requirements. The NEB has scheduled public hearing on this project for 2015. As the......

Words: 2994 - Pages: 12

Premium Essay

Keystone Brochure

...Keystone Business Support Company Ltd. ABOUT US Keystone is a professional services company with management and administrative staff headquartered in Dhaka, Bangladesh. The company provides comprehensive business solutions to private businesses, financial institutions, investors, bilateral and multilateral institutions. A special strength of Keystone lies in its ability to help prepare for and implement energy sector projects both with regards to conventional and nonconventional energy sources. Keystone is also particularly strong in the areas of financial modeling and conducting legal and technical due diligence. These strengths are applicable in a wide variety of fields and we are constantly branching out to new areas to expand our product offering. Keystone has a global network of expert consultants across major cities including Boston, Delhi, Dubai, Hong Kong, London, New York, San Francisco, Singapore, Sydney, and Washington DC. Keystone is continually expanding to other major cities as its business grows. OUR APPROACH Keystone’s Project Teams pair international experts with local talent to devise Global Best Practice Solutions tailored to the specific country context. This also allows us to offer a high international quality service locally. Our first and foremost goal is to craft concrete and actionable steps for our clients that deliver results. OUR STRENGTHS Expertise : Keystone draws its strength from its diverse team of international experts. The......

Words: 1321 - Pages: 6

Premium Essay

Keystone Xl Pipeline

...Introduction: Throughout history, The United States has been heavily reliant on oil and oil-rich countries. The present economic situation summons a domestic alternative, considering oil is addressed as “black gold”. Recently, pipelines have grown into a considerable means of transportation for fuels in various states, specifically throughout Alaska. While President Obama envisions that one day the United States will be energy independent, we have yet to attain this. However, some believe the Keystone XL pipeline could reduce our dependency on foreign oil, while others believe this project is a step in the wrong direction, putting us further away from energy independence. The Keystone XL pipeline is presented as safe and reliable, creating various jobs for our economy, while environmental groups argue this pipeline could be detrimental to the environment. These clashing arguments cause a question to arise: Should the United States Government authorize the Keystone XL pipeline to import tar sand oil from Canada? Various citizens, environmental groups, and politicians have outlined their concerns regarding the Keystone XL pipeline. Some of the social problems that arise from the proposed pipeline is environmental damage, including greenhouse gas emissions and potential oil spills. Tar sands are notorious for being one of the dirtiest types of oil in the industry and far more polluting than conventional oil with more than 1,400 known pollutants emitted by oil sands operations...

Words: 570 - Pages: 3

Premium Essay

Keystone Pipeline Xl

...The Keystone XL Pipeline: It’s a Good Thing By: Samantha Prewitt The Keystone XL Pipeline: It’s a Good Thing The Keystone XL Pipeline Project is a proposed crude oil pipeline that begins in Hardisty, Alberta, Canada, crosses through an international border and ends in Steele City, Nebraska. From here it connects with existing pipelines, which will allow American oil producers more access to the large refining areas located in the Midwest and along the US Gulf Coast. It has been six years since TransCanada has applied for approval for this project and the project itself has gone through three revisions, including two reroutes of the pipeline itself. This article will attempt to dissect the benefits of the Keystone XL project and what it could mean to the American people if construction is approved. The implementation and construction of any project having to do with dangerous chemicals and oil is a frightening thought for any environmentally concerned person. These feeling are usually amplified when the construction site includes the Gulf Coast, being that the last spill is still wrecking havoc on our environment. But these feeling can all be set aside because according to Russ Girling, the president and CEO of TransCanada, “The environmental analysis of Keystone XL once again supports the science that this pipeline would have minimal impact on the environment” (Triplett, 2014). If and when President Obama grants the approval for construction, TransCanada is......

Words: 823 - Pages: 4

Free Essay

Keystone Xl Pipeline

...Permitting the Keystone XL Pipeline To Be Built Anthony Draper EN 1420 The Keystone Xl pipeline which is a proposed pipeline line that would run from Alberta Canada down through the US to the Gulf Coast should be permitted to be built. It would have a huge positive benefit on the country as a whole. It will provide America with more permanent jobs, economic growth; reduce our dependency on overseas energy, reduce emissions from trucks on the road transporting oil as well as train cars carrying oil. In a country hurting for jobs and some kind of positive economic relief this project can help ease some pains. If our government can waste millions upon millions on failed energy efforts than it can support one that will actually provide jobs and money to this country instead of taking money and not being worth the effort as many of the green initiatives have proven to be. The main opponents to the pipeline being built are on the environmental side. Their main reasoning is that it will have huge negative impacts on the environment and the areas in which the pipeline will cross through. Now while there is always the possibility of this pipeline having negative impacts on the areas around it but the way those on the environmental side would have attacked it are unjust. They claim it will leave a big carbon footprint and cause too much pollution in the environment. President Obama even made it a point not to permit this from being built until the dangers can be assessed. The......

Words: 1985 - Pages: 8

Premium Essay

Keystone Conference

...DU Keystone Conference: Initial Planning Abstract Ducks Unlimited is one of the world’s leaders in habitat conservation. Management plans to flesh-out the organization’s long-term strategy for the next ten years at the upcoming Keystone Conference. The conference is scheduled to take place 21 months from now in Charlottesville, NC. This paper documents the project scope, the preliminary Work Breakdown Structure (WBS), and the recommended communication plan. DU Keystone Conference: Initial Planning Elements of Scope Project Objective The objective for this project is to stage the Keystone Conference in Charlottesville, NC in 21 months at a cost not to exceed $1.2 million. Deliverables The major deliverables that are expected throughout the life of the Keystone project are as follows. * Memo identifying selected venue * List of projects to be presented * List of project team rosters * List of topics and presenters * Promotional materials * Guest register * Agenda Milestones 1. Select ten projects which will be presented at conference – December 1, 2011 2. Formation and briefing of ten individual project teams – December 16, 2011 3. Secure the venue – January 10, 2012 4. Initial distribution of promotional materials – January 23, 2012 5. Selection and briefing of presenters – February 1, 2012 6. Begin registration – April 16, 2012 7. Close registration – March 20, 2013 8. Finalize guest......

Words: 629 - Pages: 3

Premium Essay

Constitution Pipeline

...Constitution Pipeline. The Constitution Pipeline, is a pipeline that is Approximately 124 miles long and will extend from Susquehanna County, PA., to Schoharie County, NY. The pipeline which was proposed in mid-2012, has been majorly opposed to residents in this area. There are some businesses that are in favor of the pipeline, like the company Amphenol Aerospace, that would like to receive natural gas to their company and the only way they can receive natural gas is with the construction of the pipeline and there are land owners that are concerned about the safety and do not want to have the pipeline running though their land. On April 22, 2016, New York Department of Conservation has denied the Constitution Pipeline for the permits to clear tress to begin construction. In 2014 Governor Andrew Cuomo, banned hydraulic fracking. With the community groups and Cuomo, pressuring the state the pipeline was rejected. The Constitution Pipeline Company has not yet decided if they are going to appeal the decision. Even though this pipeline stands to bring almost 2500 jobs to the area during construction as well as tax benefits, most residents are against the pipeline. In Pennsylvania the Constitutional Pipeline will cross 36 miles of interior forest which is a habitat for migratory birds and other wildlife. Mid- 2012, Williams and Cabot Oil and Gas, proposed the construction of a 124-mile-long natural gas pipeline in upstate New York called the Constitution Pipeline. The......

Words: 1485 - Pages: 6

Free Essay


...per cent for pipelines and 5 per cent for roads. Railways and roads are inefficient modes of carrying petroleum products because they consume significantly more energy (320 BTU for railways and 1700 BTU for roads to move one tonne of petroleum products over one km) than pipelines for which the comparable figure is only 50-135 BTU. Clearly, pipeline transportation is the most efficient way of moving petroleum products and gases and, hence, is the preferred mode all over the world. In developed countries like the USA and the UK, almost all long distance transportation of petroleum products and gas takes place through pipelines. India is far behind these countries in realizing the full potential of pipelines because it does not have a well-developed pipeline network. A rapid development of pipelines, therefore, is essential to ensure that the share of this mode in the transportation of petroleum products and natural gas reaches the desired level. It is estimated that around Rs 30,000 crore are likely to be invested over the next 10-12 years in setting up pipeline networks for liquid petroleum products The efficient and effective movement of natural gas from producing regions to consumption regions requires an extensive and elaborate transportation system. In many instances, natural gas produced from a particular well will have to travel a great distance to reach its point of use. The transportation system for natural gas consists of a complex network of pipelines, designed to......

Words: 20191 - Pages: 81

Premium Essay

Keystone Pipeline

...The Keystone XL Pipeline. The Keystone XL Pipeline system is a 1,000 mile pipeline proposed to transport synthetic crude oil and diluted bitumen from Alberto, Canada to the United States. It would bring 830,000 barrels of crude oil per day. The oil will be transported to oil refinies located in Illinois, Oklahoma and The Gulf Coast of Texas. Like all other pipelines, the project must secure permits, land rights and other commercial contracts in the United States and Canada to proceed. Environmental organizations have been lobbying against the pipeline due to the potential negative impact it can have on air, water and wildlife. President Obama postponed any decision until 2013. The Keystone XL Pipeline will have a enormous positive impact of The United States. Today, about half of the oil used in The United States is imported for foreign countries and will increase as we use up domestic resources. Reducing our dependency foreign oil would help stimulate the economy, reduce ever increasing oil prices and our obligation in the Middle East would be lessened. The project will create 20,000 high wage jobs and 118,000 spin off jobs from the construction. Independent studies find during the life span of the pipeline it will contribute $5.2 billion in property taxes to communities along the route. Pipelines are the safest methods for the transportation of petroleum products compared to other methods. According to The International Tanker Owners Pollution the......

Words: 346 - Pages: 2

Premium Essay

Keystone Essay

...Keystone XL Pipeline Project It is said that Canadian and American people cannot agree on the same thing, but the Keystone XL Pipeline Project has made that argument incorrect. As of today Americans and Canadians have fully committed to the construction of the Pipeline from Hardisty, Alberta to Steele City, Nebraska. Although both sides of the boarder agree to the fullest on the pipeline. The president of the United States of America does not agree. TransCanada who is the lead producer of the pipeline has applied for a Presidential Permit (which is required as the pipeline will cross the Canada/U.S. border) in the past which in 2010 was passed as the same in 2011, but now in 2012 it has been declined. TransCanada has re-applied on May 4th 2012 and is anticipating approval within the first quarter of 2013. There are two current pipelines coming from Alberta, Canada to the United States. Keystone phase 1 was built in 2010 and put in a 1900 mile pipeline from Hardisity Alberta to America’s Midwest. Connecting about 35 hundred barrels of oil per day in Patoka and Woodland in Illinois. Keystone phase 2 was built in 2011 added 300 miles to Oklahoma increasing to 590,000 barrels of oil per day. TransCanada is already looking into the future with Keystone phase 3 hoping to be built off the Gulf Coast Increasing to 1.1 million barrels of oil per day. The reason for the Pipelines is to meet the needs of the American consumers. As the rate of the American population increases, the......

Words: 557 - Pages: 3

Free Essay

China Russia Pipeline

...president officially opened the Turkmenistan-China gas pipeline The past year has seen some key moments in the new energy "Great Game" in Central Asia, with the first pipelines being commissioned that take oil and gas east to China, instead of north and west. From Kazakhstan, 200,000 barrels of oil are now being pumped every day across the border into the western Chinese province of Xinjiang, and there are plans to double this pipeline's capacity. From Turkmenistan, a pipeline carrying gas to China via Uzbekistan and Kazakhstan was opened last December by the Chinese President Hu Jintao. It could satisfy around half of China's current demand by the time it reaches full capacity in 2013. Turkmenistan's President Kurbanguly Berdymukhamedov called the deal "political" as well as commercial and heaped praise on China's "wise policy", saying it had become "one of the key guarantors of global security". Turkmen tensions With this agreement, Russia's stranglehold on supplies from Turkmenistan, which has the fourth-largest reserves of gas in the world, was broken. And while China and its new Central Asian energy partners were locking themselves in an ever-warmer embrace, Moscow found itself at loggerheads with its erstwhile client state. Having agreed two years ago to pay a much higher price for Turkmen gas, to ensure it remained a loyal supplier, the Russians suddenly shut the taps 12 months ago, causing the pipeline to explode. Analysts believe Moscow had......

Words: 2050 - Pages: 9