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 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.
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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...
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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...
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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.
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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...
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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...
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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...
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Keystone XL pipeline supporters - who have been waiting years for this project to be completed - just received good news from the U.S. Department of State.
The Keystone pipeline is 1,179 miles long and would connect heavy crude oil from bitumen deposits in Canada to the southeastern refining network of the United States. While the southern portion has been built, the northern section requires approval given its cross-border passage.
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That's why I'll be headed to Dallas in late August and Calgary mid-September for extensive meetings with all of the key players.
I can promise you, that in a hurry this is going to get a lot bigger.
As it happens, I'll be providing all of the details for average investors to profit from this monumental change.
Let me explain to you how all of this has suddenly come about...
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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.
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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.
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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.
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At the request of a major player in oil and gas pipelines, I was given a major task.
I had to estimate how much of the U.S gas and oil infrastructure needs to be replaced by 2025.
Then I needed to estimate the extent of additional connectors that would be needed to handle new domestic hydrocarbon developments.
And you thought Super Bowl Sunday was a lot of pressure.
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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.
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Natural gas companies in the United States hope the worst is behind them.
In 2012, natural gas prices plummeted to a two-decade low at below $2 per million BTU. This meant U.S. natural gas lost 87% of its value over a six-and-a-half year period. The low price was thanks to a glut of gas due to newer drilling technologies such as fracking.
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