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Tuesday, January 3, 2012

That pipeline from Canada to Texas is all but done

When the question of a Keystone XL company's oil pipeline being brought up in the last few months, I thought it was a "suggestion" or request put on the country. And maybe it was. But first, I learned later (recently) that parts of the pipeline have already been built, however far North that is and that, second, the route it was going to take would be examined but that yes, it was going through. Now, today, there is this news: Sinopec, Total pour $4.5 billion into U.S. shale
(Reuters) - China's Sinopec (600028.SS) and France's Total SA (TOTF.PA) made major purchases into the U.S. energy sector on Tuesday, pouring $4.5 billion into deals to buy into booming production from shale rock formations. (link below). So not only is it going through but 2 foreign companies--and one of them our supposed "arch-enemy"--is going to own and run it. If it has an oil spill on it somewhere here in the States, they'll be the ones seeing to its cleanup. This seems like bad news that just keeps getting worse. Links: http://www.reuters.com/article/2012/01/03/us-shale-us-idUSTRE80215S20120103; http://www.reuters.com/article/2012/01/03/us-athabasca-idUSTRE8020OW20120103

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