Oil and Gas Today with Chris Faulkner Podcast #445

Russia invades Ukraine, is that really what its going to take for Obama to wake up?

Obama has been dragging his feet for years on approval of the pipeline, even after the latest demands he set for approval – a State Department report on the pipeline’s environmental impact – gave it a clean bill of health.

This is pointless pandering to the Democratic Party’s left, which opposes anything more free sunshine. The Canadians are not going to leave the oil in the ground to gratify Americans misguided hopes; they’ll just build a pipeline to their own west coast – or, maybe, ship the oil via rail, a far more risky proposition.

Oil and gas exports have been Putin’s salvation.  And if we don’t do something it will continue to be so.

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