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Originally Posted by Rochard
This is an example of politics gone wrong. This shouldn't even be on the radar of Washington DC. This is strictly a business matter; Did Congress vote on the pipeline supplying oil from California to Phoenix? I'm guessing not. There are pipelines carrying gas and oil and everything else going from state to state. Is there any environmental of any of the current pipelines?
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I'm guess it's a political issue because it impacts the environment (through spills, construction and usage), it crosses not only states, but countries, some of the build is on federal land, some on private land, (some in parks?), etc. There are lots of reasons for the governments to be involved.
Quote:
Originally Posted by Rochard
Again, I am guessing no because I don't believe we have ever had an environmental disaster because of an oil spill.
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There have been plenty of pipeline oil disasters, as well as drilling disasters and even oil transport disasters.
Quote:
Originally Posted by Barry-xlovecam
And with the depressed oil prices ... .
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This too.
If you were a big shareholder in oil, maybe this would have made sense last spring. But now with the prices so low, isn't it a risky venture, financially and environmentally to get into at this point?