Description: Even if the Senate had passed Mary Landreu’s Keystone bill yesterday, the results would’ve been the same: President Obama, by all accounts, was going to veto it, and since it’s his decision (because the line crosses an international border), we’re probably stuck with speculation about its approval/rejection for at least two more months as he waits for the Nebraska Supreme Court to decide a lawsuit over Keystone’s route, a next Keystone bill passes the Senate when Republicans take control next year—or both.
Source: Businessweek.com
Date: Nov 19, 2014
Questions for Discussions:
- What was the motivation for building Keystone XL, going back to 2005?
- How has the southern extensions helped mitigate the distribution problems for the industry?
- Do you think the northern extension that would bring Canadian oil into the network is likely to be built?
