Published: Wednesday, 18 Jan 2012 | 12:12 PM ET

Text Size

CNBC confirmed Wednesday the Obama administration will reject the TransCanada oil sands crude project.

Photo by: Rodrigo Sala Alberta Oil Sands

After delaying the project past the November 2012 election, President Obama was compelled by Congress to decide by Feb. 21 on whether to approve the pipeline that would sharply boost the flow of oil from Canada's oil sands.

Should Obama reject the project, Senate Republicans have said they would look at a bill that would force the go-ahead so work could begin on the $7 billion pipeline, save for a portion going through Nebraska, where the state government continues work on an alternate route, said Ryan Bernstein, an energy adviser to North Dakota Sen. John Hoeven.

TransCanada's [TRP  40.93    -0.81  (-1.94%)   ] oil sands pipeline has put Obama in a political bind at the start of what is expected to be a difficult re-election campaign, and has become a useful tool for Republicans seeking to portray Obama as dithering on a project that they say would create 20,000 jobs.

If the pipeline is rejected, there are some publicly traded companies that will profit, according to Andrew Lipow of Lipow Oil Associates in Houston.

rooster-tailfeather Said:
 I think it's got to do with his lazer light focus on job creation. What a joke.

CG Said:
They have been trying to get something rolling for new refineries for a long time. EPA red tape  has that door sealed tighter than a nuns undies.  I wish we could get a few new ones out here.

johnr Said:

rooster-tailfeather Said:
 I think it's got to do with his lazer light focus on job creation. What a joke.

Ha ha no doubt. what a marxist.

marksman Said:
this is the best thing that could happen  WHY. now lets build 6 oil refineries and sell the finished product.  Build oe south of Williston One in the Garrison area they need enough water to cool them The end product can be shipped on rail they ship oil via rail    It is time to slow the oil producton down this is a mad house.  The oil is in storage now leave it there until the intrfastructure is built to handle it

cynical Said:

marksman Said:
this is the best thing that could happen  WHY. now lets build 6 oil refineries and sell the finished product.  Build oe south of Williston One in the Garrison area they need enough water to cool them The end product can be shipped on rail they ship oil via rail    It is time to slow the oil producton down this is a mad house.  The oil is in storage now leave it there until the intrfastructure is built to handle it

easy for you to say....tell that to the investors that have pumped in billions....I suppose they should just wait for their return until you deem it appropriate.a


oil companies have invested "billions"  what is the quartly profits of the oil companies  can't be enough to live on right

marksman Said:

cynical Said:

marksman Said:
this is the best thing that could happen  WHY. now lets build 6 oil refineries and sell the finished product.  Build oe south of Williston One in the Garrison area they need enough water to cool them The end product can be shipped on rail they ship oil via rail    It is time to slow the oil producton down this is a mad house.  The oil is in storage now leave it there until the intrfastructure is built to handle it

easy for you to say....tell that to the investors that have pumped in billions....I suppose they should just wait for their return until you deem it appropriate.a


oil companies have invested "billions"  what is the quartly profits of the oil companies  can't be enough to live on right

marksman Said:
this is the best thing that could happen  WHY. now lets build 6 oil refineries and sell the finished product.  Build oe south of Williston One in the Garrison area they need enough water to cool them The end product can be shipped on rail they ship oil via rail    It is time to slow the oil producton down this is a mad house.  The oil is in storage now leave it there until the intrfastructure is built to handle it

cynical Said:

marksman Said:

cynical Said:

marksman Said:
this is the best thing that could happen  WHY. now lets build 6 oil refineries and sell the finished product.  Build oe south of Williston One in the Garrison area they need enough water to cool them The end product can be shipped on rail they ship oil via rail    It is time to slow the oil producton down this is a mad house.  The oil is in storage now leave it there until the intrfastructure is built to handle it

easy for you to say....tell that to the investors that have pumped in billions....I suppose they should just wait for their return until you deem it appropriate.a


oil companies have invested "billions"  what is the quartly profits of the oil companies  can't be enough to live on right

I guess every investor and oil company should check with you to see what is an acceptable "profit" for them to make.   Of course you know what is best for them and are the moral authority and final say on what kind of evil profit is too much.

cynical Said:

marksman Said:
this is the best thing that could happen  WHY. now lets build 6 oil refineries and sell the finished product.  Build oe south of Williston One in the Garrison area they need enough water to cool them The end product can be shipped on rail they ship oil via rail    It is time to slow the oil producton down this is a mad house.  The oil is in storage now leave it there until the intrfastructure is built to handle it

When you say "lets build 6 oil refineries and sell the finished product."   Who are you suggesting should front the money for these projects?   You are pretty quick to say how others should spend their money at the same time not the least bit concerned on when and how much return they get from their investment.   Spoken like a true leftist.