Linking Keystone pipeline to immigration debate (letter)
Folks, the “Music has Died,” courtesy of President Obama. This guy says “Yes We Can!” to 5 million illegal immigrants, but “No We Can’t” to Canadian shale-oil and tight sands formations. “Yes!” to tax-evaders from South-of-the-Border, but “No!” to Canadian crude?
The “No We Can’t” represents Obama’s promise to veto the Keystone XL pipeline. This drives up the cost of shale/tight-sands “plays” in the Bakken/Exchaw Formations, Williston Basin shale, Shaunavon, Lower Viking, and Spyglass Formations in Saskatchewan and North Dakota. With the recent “Dump-the-Pumps” strategy by Saudi Arabia, Brent and WTI crude prices have gone sub-$40. Without the Keystone XL, this make these shale plays economically unviable to continue drilling. Bear in mind, there are at least two “Super-Giant” fields that need this pipeline, where a “Super-Giant Field” is defined as technically and economically recoverable amounts of refinery-grade crude in excess of five billion barrels. But, Obama says “No!” hence there goes the “Economically Recoverable” requirement to develop.
But, Obama says “Yes!” to five million tax-evaders, and now the IRS will hand them the Earned Income Credit — that’s a $6,242 tax-free, yearly hand-out going back four years for a family with three or more children. Plus, $1,000/per child via the Child Tax Credit. Do the math: One million tax evaders now get [4 years x ($6,242+$3,000) x 1,000,000 new social security numbers] equals a hand-out to former tax-evaders of $36,968,000,000!
By the numbers:
“No We Can’t” to 10 billion barrels of domestic oil.
Participate in The Longevity Project
The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.
“Yes We Can” to a $36,968,000,000 hand-out to foreigners here illegally.
Lorenzo Del Toro
Support Local Journalism
Support Local Journalism
As a Summit Daily News reader, you make our work possible.
Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.
Your donation will be used exclusively to support quality, local journalism.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User