Wednesday, January 25, 2017

Keystone XL Project: Update Here With Hard Questions for the Public

A decent pipeline deal or another Trump pipe dream

Lots of oil, truly liquid gold, I love it and it loves me

This super article from CBS – check out. It is long but a really great analysis:

First this short tweet from a New Yorker writer:

"TransCanada -- as its name indicates-- is a Canadian company, which is why the State Department was tasked with reviewing the project to begin with. Company shares rose nearly 4 percent upon Mr. Trump’s executive order." 

"(Shares of Dallas-based ETP rose a similar amount Tuesday). Trump announces a new America First policy by awarding the first major U.S. infrastructure project (Keystone XL) to a Canadian company."

Backgound: Until last year, Donald Trump was an investor in Energy Transfer Partners (ETP), but he sold all of his stock holdings in June, his transition team told reporters last month. His share in ETP was valued in May 2016 at between $15,001 and $50,000, down from a value range of $500,000 to $1 million a year earlier. Mr. Trump is not required to file another disclosure form until later this year. So far, he has not provided documentation of the divestment.

Asked Tuesday to reassure the American public there was no conflict of interest given the president’s former business ties, White House Press Secretary Sean Spicer first seemed to suggest that such a small investment was of no consequence for a man who is said to be worth billions.

Based on the above, what is the, if any, benefit to Mr. Trump himself was the question?

“Thousands of dollars for a guy who’s a multi-billionaire, isn’t, I don’t think that’s at the top,” Spicer said, before being interrupted. He then said: “By law, he can’t have conflicts.”

Wow, must be nice to be above the law, um? Whew boy… here we go and only a few days in office. 

This aspect of “The Art of this Deal” needs to be investigated to see the private benefits of this deal to the Trump family or those connected to Trump Inc. “empire” if at all. This is serious stuff, folks and it needs serious answers. I hope some agency picks up on this and drills deeper (no pun intended although apropos isn’t it) to get answers for the public — we do have a compelling right and need to know.

Stay tuned. Oh, yes, Mr. Trump has said: “We will win bigly…” see here:

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