$15B lawsuit

Heard this on the news this morning.
lawsuit

I kinda agreed with Canada more or less on this, but don't think it will go far or create good will between us with this approach....... One country doesn't like to be pushed around by the other, either side of the border.

Doesn't help that Ontario built a bridge that failed less than 90 days after opening, the most critical bridge in Canada and they built it environmentally good, not good good. It broke in less than 2 months? If they muck up a bridge, maybe they shouldn't be going through our aquifers with their pipelines.

Does make me think a little longer. Poor timing on their part!

Paul

Poor timing on their part! I think it may great timing. Remember who was for NAFTA when her husband signed it, then later she was against it.

Are people really that stupid, the goverment represents us the people. we pay for these things nafta trade deals. We no longer can sue corporations under class actions suits, but now these corporations can sue us. What is this world coming to.

As a Canadian, I gotta agree with you on that one. Since cross country traffic must detour through the US, you could kinda hold us hostage....!!


Ben

Yeah remember what nafta did to cattle prices in 94'

I just read about the bridge, what a SNAFU!

http://www.cbc.ca/news/canada/thunder-bay/nipigon-river-bridge-closed-transcanada-1.3397831

Nothing will come of it.

As long as the Canadian trucks fill up with fuel in the states I guess it's OK, even the CN goes through N MN to avoid a bad area.

Maybe I don't understand but why did they stop it in the first place. From what I understand theres a lot of oil in Canada to be sold to the usa refineries. Building a pipe line creates several jobs and can be done without hurting the animals, etc. Don't know why the oil prices are so low now of which I like everyone is happy to see but i just hope we don't pay for it later. It would seem that pipe line could help keep those costs down. Just my 3 cents worth.

I am for the pipe line. They could run it through my farms if need be. This "not in my back yard attitude" Is crippling this country. Do you really think that this type of project would be stopped in China or India???? The science and facts show this pipeline to be safe. The history of pipelines is great. They have fewer environmental issue per gallon/mile of transport than any other type of oil transfer. The railroads owned by Buffet sure do not have a safe record and that is how most of the northern oil is being transported.

Do you think the fact that one of the richest Americans owns the primary railroad that transports the oil shale oil has anything to do with the pipeline being rejected??? Then consider the fact that Buffet is a BIG external_link supporter. That makes me wonder. The Titians of the late 1800s, Rockefeller , JP Morgan, Carnegie, controlled the political winds in the country. Do you really think it is much different today???

Also it is easy to complain about things when your well fed and are warm. Higher energy costs makes both of those things harder on the working man and poor. The well off are usually the ones that have the time an resources to create these fallacies of dome and gloom over the environment.

I hope they win this law suit. Then maybe they can build their pipeline some where. I would like it in the US as the refinery jobs are needed. Also world wide lower energy costs will help the entire economy do better. Maybe the Ag sector will not do so well but I try to be more of a big picture thinker. I think we all can do well not just one sector at the expense of others.

(quoted from post at 18:14:40 01/11/16) Maybe I don't understand but why did they stop it in the first place. From what I understand theres a lot of oil in Canada to be sold to the usa refineries. Building a pipe line creates several jobs and can be done without hurting the animals, etc. Don't know why the oil prices are so low now of which I like everyone is happy to see but i just hope we don't pay for it later. It would seem that pipe line could help keep those costs down. Just my 3 cents worth.

Click to expand...

But then the "Wizard of Omaha" (a friend of guess who?) wouldn't get the revenue on his tanker trains that would go to the pipeline operator. Follow the money.

(quoted from post at 11:04:07 01/11/16)

(quoted from post at 18:14:40 01/11/16) Maybe I don't understand but why did they stop it in the first place. From what I understand theres a lot of oil in Canada to be sold to the usa refineries. Building a pipe line creates several jobs and can be done without hurting the animals, etc. Don't know why the oil prices are so low now of which I like everyone is happy to see but i just hope we don't pay for it later. It would seem that pipe line could help keep those costs down. Just my 3 cents worth.

Click to expand...

But then the "Wizard of Omaha" (a friend of guess who?) wouldn't get the revenue on his tanker trains that would go to the pipeline operator. Follow the money.

Click to expand...

X2!

Rick

Oil prices are so low because there are several wars or near wars going on between the oil producing areas of Saudi, Iran, Russia. Each one needs to keep up oil production to fund their own needs; and more so they want oil prices low so their enemies don't get a lot of money from selling high priced oil. Its more complicated, but that the brunt of it. Then on top of that the USA developed a lot of new oil in North Dakota and so forth so we are importing less. All drops the cost of crude.

Many speculate that train owners are politically motivated to stop or slow new pipelines because the payoff is so good to the rail owners. See the other messages about that. Tree hugger types are opposed to everything and everything; they are manipulated to be in the forefront of being opposed to the terrible environmental thing a pipeline is..... When in fact as JD says, pipelines are vastly safer for the environment than rail or semis etc.

One knock on the popipeline is that Canada plans to ship the oil through the pipeline and export it out of our Texas ports and sell it to others, we in the USA won't be much involved in processing or adding value to it. Its just a shipping lane, low value to us. And that is true for now, but at some point, when we need oil again, having that pipeline there we will have first access to it, cheapest source of crude. Someday, in the future.....

But if we look at tree huggers and politics and big business, we see that there is very little looking ahead to our future, very little planning, but only looking at your own very narrow and needy selfish goals.

All this is just a summery, you decide if you believe any of it or not, not trying to start an argument.

Paul

Not only Canada can screw up a new bridge! Google the I79 Bridge over Ohio River when it was built in 1977. Just months after opening to traffic a tug boat captain called in to report a 4 inch crack in main I-beam.

There's two aspects to this.... the primary one is that the climate Marxists believe that our oil sands should simply be shut down so that the carbon can stay locked in the ground. Any means of achieving that objective is fair in their minds.
Second... external_link's buddy and economic advisor... one Oracle of Omaha and outright owner of BNSF... would lose tens of millions in profit he's making hauling crude right now. It seems no matter how much the greenies prattle on about the environment, some still go on making money like they always did, even if it's at the expense of a better way of doing things.

In terms of the lawsuit... it doesn't bother me. It's actually nice to see the shoe on the other foot once and a while because we've endured plenty of the opposing kind on softwood lumber, etc.

Rod

(quoted from post at 10:49:55 01/11/16) Are people really that stupid, the goverment represents us the people. we pay for these things nafta trade deals. We no longer can sue corporations under class actions suits, but now these corporations can sue us. What is this world coming to.

Click to expand...

Could you provide a link to some source outlining this "end to class action suits" you're talking about?

This was on my local news last night. If you don't like my link just Google it, there are many
sources on the internet.

I don't think any country should have the right to use the Eminent domain against the US CITIZENS..If the US refineries want the oil, buy at border and lay their own pipeline....