Seeking Alpha

Saskatchewan premier's Keystone optimism plunges

  • Brad Wall, premier of resource-rich Saskatchewan and one of Canada’s most influential politicians, says he isn’t nearly as bullish on prospects for the Keystone XL (TRP +0.2%) pipeline as he once was.
  • Wall’s initial level of optimism was based on conversations with U.S. officials following a trip in March, "but what was completely unexpected... was [for] the President to discount the economics of the pipeline," most notably in a July NYT interview.
  • "So if I was a seven or eight on the optimism scale, I probably would be half that right now,” Wall says.
Comments (6)
  • Obama? Discounted economics? You found the connection Brad!
    29 Oct 2013, 01:54 PM Reply Like
  • It seems that whatever us goo for the USA , Obama is against!
    29 Oct 2013, 02:35 PM Reply Like
  • Obana will always look after his Arab buddies!
    29 Oct 2013, 07:39 PM Reply Like
  • More importantly his BNSF buddy Warren Buffet!
    3 Nov 2013, 10:56 AM Reply Like
  • Neither Energy East or the Northern Gateway seem to be faring much better. They have nothing to do with US approvals.
    30 Oct 2013, 09:02 PM Reply Like
  • Hendershott - Gateway is in initial proposal stage and has gotten lots of flak. As the process continues and permits are applied for it may or may not stand the tests.

     

    Energy East has held an open season. It has not been proposed and has not applied for any permits. Expect the proposals and applications for permits to come early in 2014. EE is being treated as 'no rush'. Get the project house in order, do the due diligence, engage the public, then apply.

     

    There is no comparison to KXL. Over 5 years of review (after application for permits) and still waiting for 1 approval. We live in a new environment with special interest groups being sponsored by others with lots to gain. The energy industry just has to learn to deal with it. EE will be the first to apply in this new environment and lots will be learned I am sure.
    3 Nov 2013, 10:55 AM Reply Like
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