As a Money Morning Member, you'll get our top financial news stories delivered straight to your inbox – every weekday morning.
Cancel at any time | How it works
Welcome to Money Morning - Only the News You Can Profit From.
Private Briefingwith WILLIAM PATALON III, Executive Editor
Since launching Private Briefing three years ago, we’ve focused a lot of our attention on the American “Energy Revolution.”
And you’ve cashed in big…
Click here and learn how to get exclusive access to the backdoor way to make a quick 149% before the IPO goes public in September. Don't worry... this play has nothing to do with the "obvious" companies that've been bandied about on the internet. Go here for full details.
Members log in:
Not a member yet? Sign up here or learn more.
Chief Investment Strategist
33-year seasoned market analyst and professional trader with highly accurate track record. Specialty in global markets.
Global Energy Strategist
35-year expert in oil and gas policy, risk assessment, and emerging market economic development.
Capital Wave Strategist
30-year CBOE trader, market maker, and retired hedge fund honcho. Helped launch the Volatility Index in 1993.
20-year commodity guru and portfolio advisor. Top authority on metals + mining stocks. Head- quartered in Canada.
Defense + Tech Specialist
30-year veteran of tech markets with a Rolodex of Silicon Valley CEOs. Pulitzer nominee. Uncovered rare earths crisis.
30-year veteran analyst of business, economics, and financial markets. Award-winning author of "Contrarian Investing."
BioScience Investment Specialist
Gifted researcher with 20 years' experience tracking bioscience and pharma stocks. Master of the FDA approval process.
Small-Cap Investing Specialist
Known for his pioneering research on the seven "sparks" that trigger explosive profits in the small-cap sector.
One of the major policy decisions facing U.S. President Barack Obama is whether or not to approve the Keystone oil pipeline across the Canadian border into the United States.
If approved, the pipeline - to be built by TransCanada (NYSE: TRP) - would transport about 1.3 million barrels of oil a day from Canada's oil sands to refineries along the Gulf coast.
The Keystone oil pipeline, if approved, would benefit U.S. energy security. Not to mention TransCanada and players in the Canadian oil sands industry such as Suncor Energy (NYSE: SU).
This decision is one investors in the energy sector need to pay attention to as it will set the tone for energy policy in President Obama's second term.
The president will certainly be under heavy pressure from a key constituent of his political base - environmentalists - to reject the project again. This weekend several thousand environmental activists will gather in Washington, D.C. for a demonstration outside the White House to urge the president not to once again say no to the project.
The activists will be putting forward several arguments. The first is that the extracting oil from the Canadian oil sands releases higher levels of greenhouse gases than do other methods of extracting oil. The second concern is over possible leaks into the Ogalala Aquifer, the underground aquifer that lies beneath the Great Plains.
These same concerns led President Obama to reject the original proposal, citing the environmentally sensitive Sand Hills region of Nebraska. This rejection forced TransCanada to submit a revised plan, rerouting the pipeline around that region. The southern portion of the Keystone oil pipeline - from Oklahoma to the Gulf of Mexico - has already been approved by the Obama administration. It received final permits from the Army Corp of Engineers this past summer.
The U.S. State Department, which is ruling on the project, is currently conducting another environmental assessment on the Keystone oil pipeline project. This assessment will be concluded by the summer of 2013.
Many observers believe the political rhetoric and think the approval for the pipeline is a sure thing.
The remaining content is exclusively for Money Morning subscribers. To gain access, enter your email address: