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ISSUES....
Inside, confidential and off the record

The Ogallala



We need to be fair this morning regarding the politics of the pipeline that
is proposed to come down out of Alberta, through the upper Midwest, on down to Cushing, Oklahoma and then on to the Gulf of Mexico.

We’ve provided a map this page of the proposed pipeline, super-imposed upon the Ogallala Aquifer, which may be one of the most important sources of water in N. America, for it is the Ogallala that offers up the water needed for crop irrigation in Nebraska,
down into Kansas, and south across the Oklahoma and Texas panhandles. The President has chosen to slow down any consideration of this pipeline, and we have taken his reluctance as purely political and “Green” in orientation.

However, a friend with FCStone (who will remain anonymous for the
moment for we’d not gotten permission to use his name… yet) in Nebraska wrote to ask that we slow down our anger for

it is not just liberals who oppose this pipeline. Many Nebraskans are concerned the proposed pipeline path will cross directly thru one of our most valuable natural resources, the Ogallala Aquifer. I’ve provided some graphics to illustrate this. Many prefer not experiencing the same fate as did the Kalamazoo River and its million gallon pipeline oil spill in this massive aquifer. Why not just follow the existing pipeline path or directing the pipeline around the aquifer? I think Nebraskans would be much more hospitable to the pipeline if this were the case. We aren’t “snubbing” Canada; we are looking out for our own interests, just like Canada is looking out for theirs.

Fair enough then. The other side’s been heard from. The President is still wrong however, and although Tip O’Neill once said that “All politics is local,” in this instance local, national and international are all wrapped in one rather
confusing box

 

-Dennis Gartman/ The Gartman Letter / 04/08/ 2011

- For more on interesting comments, you can subscribe to The Gartman Letter by contacting Dennis Garthman: Phone-Fax:or email: dennis@thegartmanletter

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ISSUES....
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