Thursday, May 2, 2013
The pipeline from Canada
As you know the keystone pipeline has been controversial since it came to limelight. It is to bring oil from Canada across to the U.S. but due to some environmental issues it has been stalling for a long time. And it seems like it is not going anywhere anytime soon. Recently one of the officials of the Canadian government said that pipeline or no pipeline the flow of oil will happen. It may not be initially to the U.S. but Canada awash in shale oil is trying to sell oil to China and other energy hungry countries. This controversy is now accelerated by the fact that the U.S. does not need that much oil right now since it has its own oil boom in the form of shale oil. So even if environmental impact will not be felt in the U.S. if the pipeline does not happen by the impact will have in somebody else’s backyard. Now just to remind everybody that I am not a democrat or a republican or an independent and I have not seen the environmental report based on it. I am just analyzing on the face of it that maybe we may not need the oil now but in the future we will need it and with more oil, the price of it can become lower and the whole concept of energy independent in terms of middle eastern oil will be realized somewhat. So either we should fear for the environment or the fear of having less oil from the unstable Middle East and having continuous dependent is the choice we have to consider.