U.S. Battle Brews over Canada Oil Pipeline

Source: Reuters, Timothy Gardner (11/1/10)

"EPA concerned about increased emissions, setbacks for electric cars."

A proposed oil pipeline could lock in Canada's place as the top crude exporter to the United States for 50 years. The State Department is weighing whether the $7 billion Keystone XL pipeline would be necessary to bolster U.S. energy security. The Environmental Protection Agency (EPA) is concerned the pipeline may increase emissions and discourage the development of electric vehicles. Here are some possible paths the plan could take:

State Finalizes Review, EPA Satisfied

State could finalize an environmental review of the project without taking public comment, but that could push the EPA to ask that the final decision be made by the White House.

Or State could revise the environmental statement and open it to public comment before finalizing it, which could open up the planned pipeline to changes, such as diverting the pipeline route away from environmentally sensitive areas. That could make the project more palatable to the EPA.

White House's Council on Environmental Quality Decides

Regulators could ask that the final decision be referred to the White House's Council on Environmental Quality. Presumably, State and the EPA would want to work out their differences before it gets to this stage.

State Greenlights, EPA Disagrees

After the environmental impact process, the State Department will work on a "national interest determination" to weigh the importance of the line on U.S. energy security. The process would be open to comment by agencies such as the EPA and the Department of Energy.

Obama Decides

If the EPA or another agency is not happy with the State Department's decision in the national interest determination, they could ask Obama to decide. The president has pledged the United States would cut emissions and dependence on foreign oil, but an opportunity to link energy systems with close ally Canada could be hard to resist.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

(00/00/0000)