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Will Obama Trade A Carbon
Tax For Keystone XL?

Investor´s Business Daily, by Staff

Original Article

Posted By:Desert Fox, 2/15/2013 11:16:13 PM

Taxes: The president may try to satisfy both environmentalists and pro-growth blocs by tying the shovel-ready project curiously left out of the State of the Union to just-introduced carbon-tax legislation. Having failed to lower the sea levels in his first term, President Obama, in the first SOTU of his second term, highlighted the need for fighting climate change and proposed an Energy Security Trust Fund to siphon off money from those who actually produce abundant and useable energy to fund alternative energy sources which constitute a rounding error in the percent of energy produced by various sources.

      


Post Reply  

Reply 1 - Posted by: ktwo, 2/16/2013 12:02:07 AM     (No. 9179174)

He would love to make that trade. The Carbon Tax would raises revenues. And taxes don´t often get repealed.

The GOP would promptly be blamed for the tax increase by 98% of the media.

In the ´trade" Obama gives up nothing by approving Keystone XL. Building it would please the unions and solve an awkward problem he has dodged for a couple of years.

Yes, the Greens would say bad words and moan. But what could they do? Vote for the GOP in 2014? No way.

Finally, as soon as the Carbon Tax was passed, Obama could renege on his part of the Keystone deal. He would still have secured the Carbon Tax revenues.

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Reply 2 - Posted by: belwhatter, 2/16/2013 2:27:58 AM     (No. 9179253)

Come on Congress -we are Taxed Enough Already - remember the meaning of tea. Immediate defunding of the EPA is needed and censure /impeachment, whichever will work for sure, of this illegitimte person ruining our country. We are screaming for action and an end to collegiality in the club.

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Reply 3 - Posted by: kanphil, 2/16/2013 2:56:09 AM     (No. 9179269)

That would be a deal with the devil. I would hope that no Republican would go along with it as desirable as the pipeline is.

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Reply 4 - Posted by: Spidey, 2/16/2013 4:38:00 AM     (No. 9179298)

Henry Waxman cliams that the Koch Brothers affiliates would make a fortune off this,if these fools believe this,there´s no way it gets approved.
They also complained about the pipe parts being made overseas.Of course Obama can use the AMERICAN recovery act money for jobs in foreign countries like SKorea.

they really can´t get the bugs out of the lithium ion battery but obama´s willing to dump millions more in their production. if they pile up in warehouses like solar panels,who cares,it´s the thought that counts.

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Reply 5 - Posted by: Kerryman, 2/16/2013 6:20:59 AM     (No. 9179366)

Please tell the President to ask Ted Cruz for his approval first. Then we´ll talk.

Semper Fi

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Reply 6 - Posted by: Rumblehog, 2/16/2013 9:47:13 AM     (No. 9179762)

Warren Buffet´s BNSF railroad makes a ton of money transporting that oil from north to south while there is no Keystone pipeline. Since Buffet is Obama´s economic brain, don´t look for that pipeline any time soon.

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Reply 7 - Posted by: oh-heck, 2/16/2013 11:44:21 AM     (No. 9180054)

Everyone has a tendency to treat oil as oil. The oil coming from Keystone is very heavy oil. Back 5 years ago, this was the expected grade that the US refineries were optimized to handle. Starting in 2006 in ND and in 2008 in TX, independent operators have proven they can economically extract crude from tight formations and have ramped output to 1.5 million bpd.

The Keystone XL does 2 valuable things for the US: it allows our refineries to run more cost effectively and serves as a buffer it falling oil prices begin to approach the cost to produce. If the market falls below the price to produce the oil in Alberta, volume in the pipeline will be made up with Bakken oil from ND.

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