Two controversial pipeline projects got a new lease on life today with the President Donald Trump DAPL-Keystone XL decision.
Both had been shot down by the Obama administration. But that just illustrates the oh-so-very political nature of these battles.
And a key fact almost always gets left out by the media.
Two controversial pipeline projects got a new lease on life today with the President Donald Trump DAPL-Keystone XL decision.
Both had been shot down by the Obama administration. But that just illustrates the oh-so-very political nature of these battles.
And a key fact almost always gets left out by the media.
Here's the part of the story they're not telling you...
The Keystone XL project has been a contentious topic for seven years - since it was granted its first presidential permission to be built on March 8, 2008.
Recently, the venture was vetoed in what many considered to be the last course of action needed to officially kill it.
The fate of the Keystone XL pipeline got even cloudier yesterday (Monday) when TransCanada Corp. (NYSE: TRP), the company that wants to build it, asked the U.S. Department of State to suspend its permit application.
But for all the fiery rhetoric in Washington, does the fate of the Keystone pipeline - one way or the other - make that much of a difference?
Most of what really matters rarely gets discussed. Here's what you need to know...
A long-awaited Hillary Clinton Keystone pipeline announcement finally came on Sept. 22.
Some were excited about what she had to say - others not so much.
Here's what the Democratic frontrunner revealed about the controversial infrastructure issue...
Editor's Note: The Keystone Pipeline has created one of the biggest political debates of the last five years. And you're about to hear a lot more in the media as the we move closer to the State Department's final ruling on the project.
But what is the truth about Keystone? And where are the lies hidden? More importantly, where can we invest to exploit its ongoing political soap opera?
We've asked one senior energy analyst to write the following exposé on the pipeline. He asks not to be identified because this analysis is so controversial.
What you'll find in today's segment, and the two that follow, will shock you. If you want to finally know who really benefits from Keystone - and how this one single project could keep energy sector growth stagnant - then read on...
The Keystone XL Pipeline saga should be laid to rest in the coming months when the U.S. State Department issues its final ruling on the project.
TransCanada Corp. (NYSE: TRP) stock has become synonymous with the Keystone pipeline. That's because it's the most drawn out controversy in the history of North American oil production.
But the Keystone XL is irrelevant when considering whether to buy TRP stock. In fact, TRP stock is poised to gain handsomely in the near future - XL or no XL.
Here's why it's a buy right now...
The drama over the Keystone pipeline will rise to new heights when the Republican-controlled Congress sends its bill approving the project to President Barack Obama today (Wednesday).
But in the context of America's vast energy pipeline network, you have to wonder how the Keystone XL became an issue in the first place. The Keystone pipeline, you see, is far from unique. Even cross-border pipelines are not all that rare.
This proves the Keystone pipeline is nothing but political bluster...
Good Morning! Futures for the stock market today (Tuesday) forecast a 91-point increase for the Dow from yesterday's close.
What to Watch Today: Investors will keep their eyes on numerous earnings reports, and the continued drama in Greece. Yesterday, Greece's Prime Minister Alexis Tsipras said his nation will not consider any extension of its bailout terms.
The Keystone XL has become a basic element in America's new energy security. By connecting to the Canadian gas supply, the pipeline could mean America's energy independence is only a few years away.
And Greece is following suit, welcoming a connection to Russia's gas supply.
Here's exactly what's going to happen with these two proposed cross-border pipelines...
President Barack Obama has promised a Keystone pipeline veto. Soon he'll get his chance to do it.
Today (Thursday) the Senate voted 62-35 to complete work on the Keystone pipeline bill. That sets up a final vote that should result in the bill landing on President Obama's desk.
Some companies are actually rooting for a Keystone pipeline veto from President Obama. A veto would delay Keystone indefinitely, forcing Canadian oil producers to use alternatives like rail and barges to move the oil.
A Keystone pipeline veto will give these companies a lot more business...
The battle over the Keystone pipeline has become one of the foremost issues in Washington today.
That's the problem.
The great fallacy of the Keystone XL pipeline is that whether it gets built or not is much less important than craven politicians in Washington would have you believe. Both Republicans and Democrats have turned up the rhetoric on the Keystone pipeline mainly to serve selfish political interests.
It's amazing they can keep a straight face when they're saying these things...
The 114th Congress is now in session. U.S. President Barack Obama for the first time faces a Congress that has Republicans running both chambers.
What President Obama can expect from the GOP Congress in 2015 will matter to investors. Many issues on the agenda, such as corporate taxes, trade, and a higher minimum wage will impact stocks.
Given the gridlock of recent years, the easy assumption is that nothing will get done. But the two sides have more incentive to work together in 2015.
Here's look at what will be on Washington's plate this year...
A narrow defeat of the Keystone XL pipeline in the Senate yesterday (Tuesday) is a setback for the project, but a minor one.
The tally was 59-41, just one vote shy of the 60 needed to pass. But the Republicans have vowed another Keystone pipeline vote next year when they have the numbers to pass the bill. Then it will be up to President Barack Obama, who many assume will veto the $8 billion project.
But President Obama may have other ideas...
Republican control of the U.S. Senate has made approval of Keystone pipeline imminent.
The controversial $8 billion project, skillfully delayed for years by President Barack Obama, would transport oil sands crude from Canada to refineries on the U.S. Gulf Coast.
TransCanada Corp. (NYSE: TRP), the company building the Keystone XL pipeline, would be the greatest beneficiary of its approval, of course. But dozens of other companies also figure to gain from the project.
Now's the time to jump on these stocks...
Stock market close, July 23, 2014: The S&P 500 today (Thursday) gained 0.18% to set a new record high. The Nasdaq also gained, but the Dow Jones Industrial Index slipped. The International Monetary Fund slashed the 2014 growth forecast for the U.S. economy, cutting the expected growth rate from 2.0% to 1.7% for the year. It cited a slowdown in the first half of the year due to winter weather and decreased spending. The agency predicts the U.S. economy will grow by more than 3% for the balance of 2014.
