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Platts Global Director of News John Kingston on efforts to get White House approval of the Keystone XL Pipeline.
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This.
XL pipeline.
One step closer to passing.
And some would -- President Obama wants shovel ready spending stimulus right now.
Is he inning Friday night news -- the State Department released a report.
Basically showing that there would not be any significant environmental damage and the pipeline moves forward.
So what are we waiting for here for more on the class global director news.
What impact.
It's reported have well.
I have bill -- and who is the leading environmentalist who's -- who's oppose this.
So this is gonna make it tougher now film Kevin says gonna make it -- you configured to make it a lot tough tougher tougher for the from the environmentalist project for a pricey in my -- -- perspective to stop it.
So what do you think happens from here and what's their aunt there has been a report by the State Department before saying is that at a couple -- this could this could easily get caught up in sequester politics.
Where as we go along if there's any kind of movement between the White House and congress on the negotiation and -- sequester.
One of the things is okay I'll give you keystone -- -- of the of the White House has I'll give you keystone XL pipeline in exchange for some of the things so could very well become.
A bargaining chip in other White House discussions.
Invite you could you think he means because labor unions want the pipeline -- want to get jobs -- But companies want it people who need energy want it I mean the only people is really fighting against our environmentalists who don't even on State Department -- As somebody who chaired a conference last week in Houston that was disrupted by a protestor who walked in and changed himself to or a projector OK and the police had -- -- I know that for the environmentalists this is like the line in the sand this is their biggest issue.
They feel that in the second term.
The Obama administration is going to give them more of what they want and this is quite frankly the number one issue.
It's not cap and trade that's not going through this on a carbon tax it's certainly not Kyoto this is their biggest issues so they are looking to the Obama administration to give them this you know it's interesting that they would die this amount because it's not it's a -- hasn't -- through.
It doesn't mean that that oil is not going to be harvest and -- personal they would argue differently they would argue that they would be able to oppose things like the northern Gateway pipeline which is an all Canada pipeline that's very controversial that would.
Policy replaceable would take a lot of the oil but you're right there are a lot of other things I can do the rail option that has taken a lot of oil out of the Bakken in North Dakota.
Hasn't really been used that -- in Canada that can happen there's another big project which I think is the most important TransCanada pipeline which is -- -- keystone XL has this gigantic.
West east and natural gas line that's been losing a lot of business because in the Marcellus.
The Marcellus is providing guests in northeast US and into Ontario etc.
Every indication is that they're gonna turn into cruise line that would take some of the the oil from the that the oil sands that would otherwise -- -- on keystone XL so.
That could actually give the president.
And out he could say listen.
I'm not crazy about this one but it's gonna go through anyway what about whether it's gonna happen I think diplomacy in the -- is going to win you know candidate is probably the US is -- first second third best ally.
Our neighbor a a NATO country and I think that it would cause a serious rift.
Between those two nations that this is stop and I think that is -- what may end up in the end.
Do you have been at just at the top of the energy industry for -- -- can't let you go without asking about our new energy secretary Ernest who loses thanks Moody's Moody's Moody's.
I heard him describe his pro nukes pro fracking.
But he's a quote alarmed by climate change and so he knows outpacing all its -- not because he can you gotta look I'm pro fracking.
'cause I think natural gas is a bridge fuel through a the more renewable future whether it's more nuclear -- some kind of advance renewables whatever so it's actually not in conflict so.
There are some environmentalists -- not happy for cause because he's pro fracking.
But there are others who are okay.
And that also there was a new EPA administrator.
And name today and the everybody seems to save she's a good listener right -- balanced -- she certainly an environmentalist environment.
And and analysts are more enthused about her than the in this.
Oh -- definitely -- ask you about movies though as somebody who drives a car.
-- I feel better about him than they do about Stevens you wanna media's plants -- are having I don't think it's gonna make much difference is it's not that no I don't think so okay.
Thanks a license.
