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People hear what they want to hear in Pres. Obama's comments on whether the Keystone pipeline...

People hear what they want to hear in Pres. Obama's comments on whether the Keystone pipeline merits U.S. approval. Opponents seem excited, but TransCanada (TRP +0.6%) claims it's also pleased since reviews of the project repeatedly have found Obama's carbon-neutral criteria are satisfied. The truth likely is somewhere in the middle; "It's politics," an analyst says. "He didn't say no, he didn't say yes."
Comments (5)
  • Bret Jensen
    , contributor
    Comments (10041) | Send Message
     
    It has nohting to do with science or economics.....president does not want to offend the 1% hollywood luddite crowd where he gets so much of his fundraising from..........nothing more...........never going to get approved.
    26 Jun 2013, 03:40 PM Reply Like
  • charliezap
    , contributor
    Comments (1232) | Send Message
     
    Bret. I'll take the other side of the bet. The speech yesterday was for the enviros. But the pipeline will provide jobs and boost the economy at a late stage in the cycle and lift democratic hopes when the next presidential election rolls around. The pipeline will raise north American self sufficiency and lower gasoline prices. It makes too much sense, even for Obama.
    27 Jun 2013, 05:44 AM Reply Like
  • Hendershott
    , contributor
    Comments (1510) | Send Message
     
    Leaves himself an out, as usual. Decision expected in September or October. Has to say yea or nay eventuelly.
    26 Jun 2013, 03:51 PM Reply Like
  • taxman100
    , contributor
    Comments (260) | Send Message
     
    I agree - it will not be approved unless gas spikes over $4, and even then it will be a "nonapproval approval."

     

    I'm investing assuming it will not be approved. He has figured out his low information supporters are either super-rich, or don't pay their own bills anymore, so they don't really care about the cost of energy.
    26 Jun 2013, 03:52 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Talk about a total absence of leadership! Pathetic, Obama!
    26 Jun 2013, 04:39 PM Reply Like
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