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Okay, now I’m confused.

Pipeline delays could cost $1M a day. $1M a day! Wow, that’s a lot of money. That probably came from some ponderous economic study, or… Oh, wait, that’s according to TransCanada, the company that wants to build the pipeline. Sounds like TransCanada is going to be out a lot of money.

TransCanada spokesman Shawn Howard said Wednesday that the economic fallout would go beyond the company.
“If they increase the project’s cost, if they file frivolous lawsuits, does that cost us money? Yes,” Howard said. “But it’s consumers they end up hurting because of this. If the price of gasoline goes up, it’s not the company that pays those costs. It’s you and I.”

Nope, I guess that money is going to come out of my pocket. It looks like U.S. taxpayers will be footing the bill for even a second’s delay in letting this multinational corporation run rampant across our plains without any review. Just why will any delays cost me money?

[TransCanada vice president Robert] Jones said the $1 million-per-day loss estimate was based on TransCanada’s existing promises to buy construction materials that require a great deal of advance notice, its commitments to power utilities, and the costs of maintaining staff and equipment, among other expenses.

So, let me get this straight… TransCanada, a giant multi-national oil conglomerate has decided to build a pipeline across the center of Canada and through the U.S. down to ports in Texas so they can transport and process some of the dirtiest fuel ever dug. The pipeline has not yet been approved. Even Canadians and Native American tribes are pissed off and vow to fight the pipeline. Now the Obama Administration, who must ultimately approve a 36″ pipe that will cross hundreds of streams and rivers in the U.S., threaten some of our most important groundwater aquifers, provide fuel to increase global warming worldwide for decades, oh, and provide a few jobs for a few years, have decided that maybe they need to think about this and do the right thing. The President said a decision could take a few more months and needs to consider what is good for the folks who elected him.

“[The State Department] will be giving me a report over the next several months and, you know, my general attitude is, what is best for the American people? What’s best for our economy both short-term and long-term?  But also, what’s best for the health of the American people?” Obama said in a Nebraska TV interview.”

So, what is TransCanada up to? They are buying equipment and hiring people to build a pipeline that they don’t have permission yet to build.

Jones said the $1 million-per-day loss estimate was based on TransCanada’s existing promises to buy construction materials that require a great deal of advance notice, its commitments to power utilities, and the costs of maintaining staff and equipment, among other expenses.

So, it looks like I have to pay TransCanada a $1 million dollars/day because they don’t know how to run a business? What’s wrong with this picture? I wonder if I could get Canadian citizens to pay me $1M/day for delaying my decision to denude their rivers of game fish?

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