Political Capital

Posts tagged: oil


Oil tank stands at the Hardisty tank farm, which includes the TransCanada Corp. Hardisty Terminal 1, in Hardisty, Alberta, Canada.

Photograph by Brett Gundlock/Bloomberg

Oil tank stands at the Hardisty tank farm, which includes the TransCanada Corp. Hardisty Terminal 1, in Hardisty, Alberta, Canada.

War of 1812 Invoked in Keystone Promotion of U.S.-Canadian Ties

Congressional backers of TransCanada Corp.’s proposed Keystone XL pipeline are pulling out the stops today, making the case that the pipeline could help the U.S. and its allies after Russia’s annexation of Crimea, and sending a slew of  American veterans...

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The Gulf Coast Project, a 485-mile crude oil pipeline being constructed by TransCanada Corp., is part of the Keystone XL Pipeline Project and will run from Cushing, Oklahoma to Nederland, Texas.

Photograph by Daniel Acker/Bloomberg

The Gulf Coast Project, a 485-mile crude oil pipeline being constructed by TransCanada Corp., is part of the Keystone XL Pipeline Project and will run from Cushing, Oklahoma to Nederland, Texas.

Keystone Report Disappointing Foes

Written with Mark Drajem and Jonathan Allen The State Department is preparing a report that will probably disappoint environmentalists and opponents of the Keystone pipeline, according to people who have been briefed on the draft of the document. While the...

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The TransCanada Corp. Hardisty Terminal 1 in Alberta, Canada, on Dec. 7, 2013

Photograph by Brett Gundlock/Bloomberg

The TransCanada Corp. Hardisty Terminal 1 in Alberta, Canada, on Dec. 7, 2013

Keystone Foe’s TV Ad: ‘Sucker Punch’ Benefits China More than U.S.

China is set to get a new role in the lingering argument over whether to build the Keystone XL pipeline. For years, supporters of TransCanada Corp.’s $5.4 billion project argued that rejection of the application by President Barack Obama would...

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Gasland producer Josh Fox on June 11, 2013

Photograph by Julia Schmalz/Bloomberg

Gasland producer Josh Fox on June 11, 2013

EPA Needs Fracking Review: ‘Gasland’ Maker, Environmentalists

“Gasland” producer Josh Fox joined groups in asking the Environmental Protection Agency to re-open its probe of water contamination from gas drilling in Texas after scientists found methane in wells at combustible levels. “Evidence of contamination from fracking remains clear...

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A derrick hand climbs up to the top of the derrick while drilling for oil in the Bakken shale formation in North Dakota.

Photograph by Andrew Burton/Getty Images

A derrick hand climbs up to the top of the derrick while drilling for oil in the Bakken shale formation in North Dakota.

Political ‘Gusher:’ Fracking Boom

Fracking — the drilling that shoots water, chemicals and sand underground to break rock and let oil and gas flow to the surface — has lowered foreign oil imports, padded landowner bank accounts with royalty payments and sparked a mini-manufacturing...

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Welders David Warner, left, and Brent Mauldin work on a joint between two sections of pipe during construction of the Gulf Coast Project pipeline in Prague, Oklahoma, on March 11, 2013.

Photograph by Daniel Acker/Bloomberg

Welders David Warner, left, and Brent Mauldin work on a joint between two sections of pipe during construction of the Gulf Coast Project pipeline in Prague, Oklahoma, on March 11, 2013.

Five-Year Keystone Wait Draws Criticism from Lawmakers

Today is the fifth anniversary of TransCanada Corp.’s original application to build the Keystone XL pipeline, a public relations opportunity supporters didn’t let pass unnoted. At a House hearing this morning and at a press conference of Senate Republicans and...

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In this handout image provided by Host Photo Agency, Vice Minister of Finance of the People's Republic of China Zhu Guangyao attends the briefing at the G20 summit on September 5, 2013 in St. Petersburg, Russia.

Photograph by Roman Yandolin/Host Photo Agency via Getty Images

In this handout image provided by Host Photo Agency, Vice Minister of Finance of the People's Republic of China Zhu Guangyao attends the briefing at the G20 summit on September 5, 2013 in St. Petersburg, Russia.

Chinese Oil Warning: Syrian Attack Costly for Global Economy

Russia isn’t the only player at the G-20 concerned about Syria. A top Chinese official warned today that military action against Syria could damage the global economy by pushing up the price of oil. Zhu Guangyao, China’s vice finance minister,...

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A worker uses a grinder smooth a weld on the joint between two sections of pipe on a section of the Gulf Coast Project pipeline in Atoka, Oklahoma, March 11, 2013. The Gulf Coast Project, a 485-mile crude oil pipeline being constructed by TransCanada Corp., is part of the Keystone XL Pipeline Project and will run from Cushing, Oklahoma to Nederland, Texas.

Photograph by Daniel Acker/Bloomberg

A worker uses a grinder smooth a weld on the joint between two sections of pipe on a section of the Gulf Coast Project pipeline in Atoka, Oklahoma, March 11, 2013. The Gulf Coast Project, a 485-mile crude oil pipeline being constructed by TransCanada Corp., is part of the Keystone XL Pipeline Project and will run from Cushing, Oklahoma to Nederland, Texas.

TransCanada Spreads Money To Towns in Keystone Path

The Keystone XL pipeline is already paying dividends for tiny Circle, Montana — population just over 600 — even though construction hasn’t started and the project hasn’t been approved. TransCanada Corp., Keystone’s sponsor, sent a check for $5,000 to the...

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