Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing Access Your Profit Alerts

keystone xl pipeline

Article Index

10 Numbers That Shocked U.S. Markets This Week

U.S. markets

U.S. markets swayed this week from fresh data, Wall Street dealings, and life-changing global events...

It's the numbers that count in this crazy world. They can tell stories that words sometimes can't.

Here's a look at some of the most fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently - and why you need to know them...

The TransCanada Keystone XL Pipeline Delay Story No One Is Telling You (NYSE: TRP)

Keystone XL pipeline

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...

Hillary Clinton Keystone Pipeline Dogma Finally Revealed This Week


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...

How to Pick the Winners in the Keystone Debate

Keystone XL

You might think the entire oil and gas industry is behind the Keystone XL Pipeline. And at the surface level that may be true.

After all, the big oil industry lobby, the American Petroleum Institute (API), has spent millions promoting it through advertising and outreach to members of Congress. API are the folks who brought us all of those pro-Keystone commercials a few months ago.

Since API represents the industry, with over 600 members, the project must be good for everyone in the energy space, right?

Not so fast. There will be some big winners if the pipeline proceeds - but a lot more will be either unaffected or potentially hurt by more oil sloshing into the U.S. market...

Keystone and the Mixed Blessings of Cheap Oil

keystone xl project

Editor's Note: Our energy industry insider - who for professional reasons must remain anonymous - yesterday explained how the Keystone XL Pipeline debate is largely a political football. Today, he advances his controversial exposé of Keystone in the context of today's cheap oil, and whether the project would do more harm than good. This shows how energy investors should position their portfolios to reap the best returns at the lowest risk.

To understand the logic behind the Keystone XL pipeline requires a trip back in time. When Keystone and its associated 830,000 barrels of oil per day were announced in 2008, U.S. crude production was at lows generally not seen since 1950 - right around 5 million barrels per day.

Meanwhile, U.S. oil imports were rampant, near their all-time highs of 10 million barrels a day.

Worse yet, over half of U.S. imports, again a near-record high of 5.6 million barrels per day, came from countries that don't like us very much (i.e., OPEC).

In a nutshell, the U.S. oil and gas industry was in decline, without much hope for a real renaissance. We were meeting a whopping two-thirds of our appetite for oil with imports, and over half of those imports were coming from potentially unstable, if not outright hostile, nations.

In that context, Keystone looked like a great idea.

Decisions based on these assumptions - such as the decision to green-light Keystone - seem in retrospect to be perfectly reasonable. Unfortunately for the project and the economy at large, the energy industry has since changed dramatically.

These changes have altered the project's consequences for everyone...

The Truth Behind the Keystone Pipeline

Keystone XL

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.

One would be hard-pressed to find a business issue that's more politically polarizing and contentious. Politicians on both sides of the aisle have used it to bludgeon their opponents, often with little evidence to support their claims...

TransCanada Corp. (NYSE: TRP) Stock Is a Buy With or Without the Keystone Pipeline

(NYSE: TRP) stock

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...

A Nearly Identical Keystone XL Pipeline Just Got Built – and No One Noticed

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...

Why the Keystone XL Will Be Built in the End      

Keystone XL

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...

Keystone Pipeline Veto Will Make These Stocks Winners

keystone pipeline veto

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 Biggest Fallacy of the Keystone Pipeline Approval Fight

keystone pipeline

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...

Congress in 2015: What President Obama Can Expect from the GOP

Congress in 2015

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...

Keystone Pipeline Vote Is Just a Bump in the Road to Approval

keystone pipeline

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...

Keystone Pipeline Approval Will Make These Stocks Winners

keystone pipeline

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...

Why the Keystone XL Crude Oil Pipeline Deal Is Far from Done

Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.

In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline's northern leg would not have a major impact on global greenhouse gas emissions.

It just needs to get past these last political hurdles...