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Keystone Pipeline Decision Delayed Indefinitely

scott
in Off-Topic
Well, at least until after November elections...

http://seekingalpha.com/news/1681293-keystone-pipeline-decision-delayed-again-likely-until-after-november-elections

"The Obama administration is indefinitely extending its review of the Keystone XL pipeline (TRP), probably delaying a decision on the project until after November's U.S. midterm elections."

Canada should just forget it at this point...

Positive for: Railroads (particularly Berkshire-owned BNSF, as well as CP, CN and UNP), rail infrastructure (Gibson Energy and Canexus in Canada, as well as Ceres Global Ag in Canada, with Ceres building a commodity logistics center on the border of US/Canada that will link to BNSF rail.) Kinda good for pipeline companies with existing US-Canadian projects (such as Kinder and Enbridge.)

Bad: Canadian oil (although still positive on Canadian oil long-term), Transcanada. I'm also to the point where I'm wondering if any pipelines will be built in this country going forward. In a way, the pipeline companies are not a bad investment from the standpoint of regulation and other issues making any new pipeline building increasingly difficult.

Comments

  • PRESSmUPPRESSmUP
    So it looks like the oil from the Keystone pipeline will remain in the US mid-west as it current is, instead of the extension (XL) taking it to Texas for shipment to China.
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