keystone pipeline facts
-
This Pipeline Will Make Investors More than Keystone Ever Could
Look for the Obama administration to delay its Keystone Pipeline decision until after the 2014 election as it's preoccupied by ongoing scandals and the debate about fracking in the United States.
With House and Senate Democrats now vulnerable over these scandals and Obamacare costs, the President is expected to appease his base and continue to double down on alternative energy projects at the Department of Energy.
That isn't great news for investors, since alternative energy projects under this administration have led to bankruptcies, liquidation, and a lot of investigations into cronyism among donors and the Energy Department.
But for all the talk about the Keystone Pipeline, we've been looking at another pipeline currently in the works that has the potential to make investors a lot of money in the coming years.
In fact, this pipeline could provide more upside to U.S. energy development than the Keystone Pipeline.
And it's one that has completely slipped off the radar with everything happening in Washington.
-
Will Environmentalists Kill the Keystone XL Pipeline?
For more than four years, the controversial Keystone XL pipeline has been at the center of a heated battle between opponents and supporters.
Those who favor the 1,700-mile extension of the pipeline see it as a step toward North American energy independence and a source of tens of thousands of jobs.
But opponents say the Canadian-U.S pipeline would contribute to global warming and causeirreparable harm to the environment.
On Wednesday, about 50 opponents protested against the Keystone pipeline outside the White House, chanting, "Hey, Obama, we don't want no climate change drama."
The protesters, many of whom were arrested, included actress Daryl Hannah, Sierra Club Executive Director Michael Brune, renowned climate scientist James E. Hansen and civil rights veteran Julian Bonds.
Underscoring the intensity of environmentalists' opposition to the pipeline, the protest marked the first time the venerable, 120-year-old Sierra Club's board had approved an act of civil disobedience.
"It's awful hard to reconcile wanting to reduce greenhouse gas emissions with the dirtiest oil project in the country," Brune said. "The president gets this, he understands this challenge, and we're here to ensure his ambitions rise to the level of the challenge." -
Will John Kerry Kill the Keystone XL Pipeline?
When new U.S. Secretary of State John Kerry met Friday with Canadian Foreign Minister John Baird in Washington, the talk turned to the fate of the controversial Keystone XL pipeline.
Kerry said the controversial $7 billion Keystone XL pipeline project would undergo a "fair and transparent review," adding he expects to make a decision "near-term" on whether to move forward with it. The State Department has final say over the pipeline because it traverses international borders.
According to a department spokeswoman, a decision is likely at the end of March. But Reuters reported an unidentified U.S. official said the decision could be pushed back until June.
Canada is committed to the pipeline, and Baird lobbied hard for it during the meeting with Kerry. After the meeting, Baird called the Keystone XL pipeline a "huge priority."
