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Editorial: Why Keystone stays alive

President Barack Obama last week vetoed legislation that would have greenlighted the Keystone XL pipeline, linking Canadian oil sands to the U.S. Gulf Coast. The Senate lacks the votes to override Obama’s veto. Yet Keystone isn’t dead. Both Democrats and Republicans have an interest in keeping this political football in play. Someday, we hope, the pipeline will be built. But ...

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Editorial: Our energy pipeline

pipeline

President Barack Obama vetoed the Keystone XL Pipeline bill Tuesday, but an energy project that promises more benefits to North Carolina is quietly advancing. It’s the Atlantic Coast Pipeline, which will carry natural gas 550 miles from West Virginia across Virginia and through North Carolina on a north-south line roughly tracking Interstate 95. Surveying is underway. Public meetings in affected ...

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Bakken oil drillers retreat to the core: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON – North Dakota’s oil producers have pulled back to the core areas of the Bakken formation to cut costs and maximize output amid the slump in prices. The number of active rigs in the state has fallen to just 121, from 190 a year ago, according ...

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Editorial: President kills jobs with his pen

jobs

With the stroke of a pen Tuesday, President Barack Obama removed any doubt we have a left-wing ideologue running the executive branch of government. Siding with global warming activists, by vetoing the Keystone XL pipeline, the president signed away up to 42,000 good jobs and obstructed progress toward North American oil independence. But that’s just us putting it lightly. “In ...

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Editorial: Veto: Wrong response on pipeline

If he vetoes the Republican attempt to force him to approve the Keystone XL pipeline, President Barack Obama will be making a mistake. Not because he’s rejecting an overreaching Congress. He is and should, though he’ll likely have plenty of other opportunities through next year. The president is making a mistake because he continues to dither about an issue that ...

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How secure are ND’s pipelines and drilling sites?

A number of spills in North Dakota’s oil patch have got headlines recently, but at least one company is a little suspicious as to how they came to happen. “Hess spokesman John Roper said employees found wide-open valves on saltwater storage tanks on two well locations 3 miles apart,” the Bismarck Tribune reported. “We call that suspicious,” Roper told the ...

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Oil-by-rail shipments are playing Russian roulette: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Train derailments involving crude oil and ethanol in the United States will cost more than $18 billion over the next 20 years, according to an assessment by the U.S. Department of Transportation. USDOT forecasts there will be just over 200 derailments involving trains carrying 20 ...

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Editorial: Menace of oil trains is everywhere

After “fracking” and horizontal drilling unleashed North Dakota’s Bakken Shale boom a few years ago, crude oil shipments in railway tank cars to refineries skyrocketed. Oil trains soared from 9,500 in 2008 to 400,000 in 2013. Railroad profits from oil-hauling jumped from $26 million to $2 billion yearly. Danger from these shipments also soared. Tank cars exploded in a small ...

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