Trump demands share of profits in exchange for Keystone approval

[kevindavis007]

Donald Trump says he would approve the Keystone XL pipeline project as president as long as the United States receives a large chunk of oil revenue in exchange. 


Trump said Thursday at a press conference before an energy speech in North Dakota that he would “absolutely approve [Keystone] 100 percent, but I want a better deal."


The presumptive GOP presidential nominee said that the U.S. would be doing more for the oil pipeline project, a proposal from Canadian energy firm TransCanada, than just approving it. 
Because it would run along American land, Trump said, the U.S. deserves “a piece of the profits, because we’re making it happen.”


He said President Obama, who in November formally rejected a permit for Keystone to cross into the U.S., “doesn’t know what the hell he is doing.”


“I want the Keystone pipeline, but the people of the United States should be given a significant piece of the profits,” Trump said.


“That’s how we’re going to make our country rich again, and it’s how we’re going to make America great again.”


Source: http://thehill.com/policy/energy-environment/281407-trump-demands-share-of-profits-in-exchange-for-keystone-approval

[kevindavis007]

When I hear the word share with the state, I usually think the Dems are who support crap like this..

[Mechanicos]

Look up Royalties.
BTW this proves he listens to Conservatives, in this case Palin.

[HAPPY2BME]

Look up Royalties.
BTW this proves he listens to Conservatives, in this case Palin.

==============================

A box of rocks is quite intelligent compared to these trump haters.

Hate to insult rocks like that though.

[sinkspur]

"A significant piece of the profits" is a tax.  You can dress it up with pretty words all you want, but it's a tax.

[kevindavis007]

"A significant piece of the profits" is a tax.  You can dress it up with pretty words all you want, but it's a tax.

Yep, something that the Dems seem to support..

[Bill Cipher]

Haters gotta hate.  Trump knows exactly what he's doing.  The haters are just too blind to see the light of the truth that Trump represents.

[RedHead]

So then why would the Canadian company push forward with the Keystone pipeline instead of just running a pipeline to the west coast and exporting to China?

[ABX]

Look up Royalties.
BTW this proves he listens to Conservatives, in this case Palin.

You do know that going after royalty kickbacks were one of Palin's big strong suit. Back when she was fighting against cronyism, she made a name for her self going after both Republicans and Democrats who were getting these 'royalties' and exposing that cronyism. She called for repealing the Alaska oil tax system (aka Orwellian rewrite to 'royalties') http://www.ktoo.org/2014/08/01/sarah-palin-endorses-oil-tax-repeal/

[Relic]

In accordance with TBR posting guidelines I'd like to submit a post that is non offensive, content-less, and decidedly anti Trump.

[RedHead]

Haters gotta hate.  Trump knows exactly what he's doing.  The haters are just too blind to see the light of the truth that Trump represents.

Does he?  How will he get his "piece of the action" other than placing a tariff on every barrel of oil entering the U.S. through the pipeline?  And if he does that then doesn't he have to place a tariff on every barrel of Canadian oil entering the U.S. though other means?  And won't that drive up gas prices for U.S. consumers?  And if he does that then why wouldn't the Canadian companies tell him to stick it and continue their plans to export the oil through their west coast?

[RedHead]

==============================

A box of rocks is quite intelligent compared to these trump haters.

Hate to insult rocks like that though.

That would still make us smarter than Trump is.

[Mechanicos]

"A significant piece of the profits" is a tax.  You can dress it up with pretty words all you want, but it's a tax.

Charging royalties to Canada for the use of our land and other resources and lowering Americans tax rates at the same time is bad per Democrat supporting #neverTrump.

 

[RedHead]

Look up Royalties.

I did.  You pay royalties to someone for the right to extract oil or gas from their property.  Well the U.S. government doesn't own the land the gas or oil is on.  It doesn't own the land the pipeline is built on.  It won't be building the pipeline.  It is in no position to demand royalties.  It is in a position to tax.  So will Trump place a tariff on the oil as it comes in?

BTW this proves he listens to Conservatives, in this case Palin.

Great.  The Gold Standard for buffoonery is listening to the Gold Standard for scatter-brain.

[Mechanicos]

You do know that going after royalty kickbacks were one of Palin's big strong suit. Back when she was fighting against cronyism, she made a name for her self going after both Republicans and Democrats who were getting these 'royalties' and exposing that cronyism. She called for repealing the Alaska oil tax system (aka Orwellian rewrite to 'royalties') http://www.ktoo.org/2014/08/01/sarah-palin-endorses-oil-tax-repeal/

Yeah she took it from the Cronies and gave it to the people of the State. Funny how that fact got omitted.

[kevindavis007]

I did.  You pay royalties to someone for the right to extract oil or gas from their property.  Well the U.S. government doesn't own the land the gas or oil is on.  It doesn't own the land the pipeline is built on.  It won't be building the pipeline.  It is in no position to demand royalties.  It is in a position to tax.  So will Trump place a tariff on the oil as it comes in?


Great.  The Gold Standard for buffoonery is listening to the Gold Standard for scatter-brain.

Guess what the oil companies will pass the cost to the consumer.

[Mechanicos]

I did.  You pay royalties to someone for the right to extract oil or gas from their property.  Well the U.S. government doesn't own the land the gas or oil is on.  It doesn't own the land the pipeline is built on.  It won't be building the pipeline.  It is in no position to demand royalties.  It is in a position to tax.  So will Trump place a tariff on the oil as it comes in?


Great.  The Gold Standard for buffoonery is listening to the Gold Standard for scatter-brain.

Uh it will own the rights to the land the pipeline runs on. The Easement it has to pay for under the takings clause.
So yeah it can charge for that, building it, maintaining it securing it etc.

[RedHead]

Charging royalties to Canada for the use of our land and other resources and lowering Americans tax rates at the same time is bad per Democrat supporting #neverTrump.

Again, it is not federal land.  It is not using resources from federal land.  Where does the U.S. government deserve royalties?

 

I'll bet it stings, doesn't it?

[RedHead]

Uh it will own the rights to the land the pipeline runs on. The Easement it has to pay for under the takings clause.
So yeah it can charge for that, building it, maintaining it securing it etc.

Uh, no it doesn't.  It'll be running through private property.

[kevindavis007]

Uh it will own the rights to the land the pipeline runs on. The Easement it has to pay for under the takings clause.
So yeah it can charge for that, building it, maintaining it securing it etc.

True, Trump does love to steal private property for his own use..

[Maj. Bill Martin]

The work itself will be done in the United States, which means American workers paying taxes.   That's legitimate.  The refining and shipping will be done in U.S. ports/facilities.  That's more money legitimately going to American companies and American workers.

This idea of royalties...it's almost like the government owns everything and has to be paid for the privilege of letting us use it.  And on top of that, the Canadian response to a demand for "royalties" may be to just build the thing west and ship it that way, and we get nothing.

[Mechanicos]

Again, it is not federal land.  It is not using resources from federal land.  Where does the U.S. government deserve royalties?


I'll bet it stings, doesn't it?

You left off the YET. How do you think the Government is going to get control over the land it runs? The right to exercise the Easements necessary for it? We do not have a pipeline yet. When we do the Feds will own the right of way for it if for no other reason then to protect it from terrorism.

[Mechanicos]

The work itself will be done in the United States, which means American workers paying taxes.   That's legitimate.  The refining and shipping will be done in U.S. ports/facilities.  That's more money legitimately going to American companies and American workers.

This idea of royalties...it's almost like the government owns everything and has to be paid for the privilege of letting us use it.  And on top of that, the Canadian response to a demand for "royalties" may be to just build the thing west and ship it that way, and we get nothing.

There will be a cost for building and maintaining the pipeline and the land it runs on. Who should have to pay for that-  The ones making the Profit off it or the Taxpayers?

[Relic]

The work itself will be done in the United States, which means American workers paying taxes.   That's legitimate.  The refining and shipping will be done in U.S. ports/facilities.  That's more money legitimately going to American companies and American workers.

This idea of royalties...it's almost like the government owns everything and has to be paid for the privilege of letting us use it.  And on top of that, the Canadian response to a demand for "royalties" may be to just build the thing west and ship it that way, and we get nothing.

While I'd like to comment on this post, I'm compelled to post in accordance with TBR posting guidelines and submit a post that is non offensive, content-less, and decidedly anti Trump.

[Weird Tolkienish Figure]

“I want the Keystone pipeline, but the people of the United States should be given a significant piece of the profits,” Trump said.
Source: http://thehill.com/policy/energy-environment/281407-trump-demands-share-of-profits-in-exchange-for-keystone-approval

So did Bernie Sanders say this or did the GOP frontrunner say this?