The historical record suggests that sharp declines in oil prices are followed by substantial price recovery.
keystone XL pipeline
This may be a “build a pipeline and make Canada pay for it” moment.
Senator Sanders is an avowed protectionist, opposed to all future international trade deals and would renegotiate or scrap NAFTA and the Canada-U.S. FTA.
The additional CO2 emissions coming from the oilsands is extremely low.
On Wednesday, TransCanada, the company that would have built and operated the Keystone XL pipeline, launched two lawsuits over President Obama’s rejection of the pipeline.
President Obama has finally rejected the Keystone XL pipeline.
The company behind the Keystone XL pipeline has asked the U.S. State Department to suspend its permit application.
According to rumour, President Obama is expected to issue the death knell for the Keystone XL pipeline before or during the Labour Day weekend.
On Feb. 24, President Barack Obama vetoed Senate Bill 1, a.k.a. “The Keystone XL Pipeline Approval Act.” Mr. Obama’s action was not only predictable, it was virtually inevitable given a) the political polarization in the United States; b) unrelenting environmental opposition to the pipeline; and c) a certain amount of congressional over-reach.
The newest entrant into the ongoing saga of the serially-delayed Keystone XL pipeline is the U.S. Environmental Protection Agency, which recently created yet another reason to delay the project that would carry Canadian oil to refineries in the U.S. Gulf Coast.