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Keystone pipeline review gives Obama, State Department an out

  • The Nebraska judge’s decision throwing out the Keystone XL (TRP -1.2%) pipeline route in the state appears to give Pres. Obama precisely what he hoped for: political cover to delay the politically sensitive decision past the 2014 midterm elections.
  • Yesterday's decision invalidated legislation that let Nebraska's governor approve the route and bypass the state Public Service Commission; now the project will need commission approval, a process that by state law can take seven months.
  • Putting off a decision lets Obama avoid angering voters in energy-rich states if he decides to back environmentalists and reject the project, and Keystone foes are optimistic that a review by the state commission would be much more rigorous than the process followed by the governor.
  • Also: Q4 earnings.
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Comments (12)
  • mbn
    , contributor
    Comments (524) | Send Message
     
    All a political play. Nothing else.

     

    He's not a President. He is an embarrassment to this country.
    20 Feb, 10:03 AM Reply Like
  • DrP79
    , contributor
    Comments (1398) | Send Message
     
    This administration looks for ways to not take action in the country's best interest as they confuse THEIR interests with the country's.
    20 Feb, 10:09 AM Reply Like
  • jmjjmj1
    , contributor
    Comments (166) | Send Message
     
    Yeah because since it was expected to get passed oil has only jumped up 5 %, I trust them oil guys to look out for our best interest, right. Any good Pres.(W?) would have passed this whilst cutting SS benes over a long weekend.
    20 Feb, 10:10 AM Reply Like
  • bobby44
    , contributor
    Comments (239) | Send Message
     
    Victory?? What a bunch of crap. Keep changing the rules until there is nothing left,
    Send the pipe to Canada and they can build whatever they want to sell oil elsewhere. This is like third world country - no wonder things can not get back on track. Keep it up and the new menu for most will be beans and rice. For Obama and Buffet it will be champagne and caviar!
    20 Feb, 10:19 AM Reply Like
  • marpy
    , contributor
    Comments (798) | Send Message
     
    To much of a big deal is being made about this court decision. The next court will overturn it.
    20 Feb, 11:40 AM Reply Like
  • Topcat
    , contributor
    Comments (435) | Send Message
     
    I don't understand all the comments, like Obama caused this. This was a suit by landowners in the path, whose property was basically being allowed to be taken by eminent domain as designated by the governor to a Canadian company on a power play, bypassing normal process. Private property rights, a GOP core belief I thought.
    20 Feb, 12:37 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (3130) | Send Message
     
    Just a coincidence, of course, that Warren Buffet announced he's purchasing 5,000 more oil tank cars for his Burlington Northern railway today, of all days. He wouldn't do that it there were any chance Keystone were going to be approved. He'll probably reward Obama with a cushy job at Berkshire Hathaway after he leaves office for killing the pipeline. You folks who live near the tracks where those oil tank cars are going to roll might consider moving somewhere else. Remember what happened at Lac Megantic.
    20 Feb, 01:46 PM Reply Like
  • 2839298249
    , contributor
    Comments (304) | Send Message
     
    Americans should just get used to more flaming tank cars then. The indecision regarding Keystone is laughable. We build pipelines everyday, but since this pipeline crosses an imaginary line (border) we need every politician involved, which of course, means nothing gets done.
    20 Feb, 02:07 PM Reply Like
  • David Zanoni
    , contributor
    Comments (1022) | Send Message
     
    Check out this map of oil pipelines that already exist in the U.S. I don't think that one more is going to upset the environment. http://bit.ly/1p2poBM
    21 Feb, 02:00 PM Reply Like
  • Topcat
    , contributor
    Comments (435) | Send Message
     
    You are correct, except THIS one will make it economically viable to open for world markets to tar sands exploration and processing...really nasty stuff..plus, nothing for the USA. Would you mind if a neighbor ran a sewer line across your front yard? :)
    22 Feb, 01:28 PM Reply Like
  • bobby44
    , contributor
    Comments (239) | Send Message
     
    1-I take it you would support a pipeline that did not carry dilbit. (careful here because it is not as nasty as you think)
    2-The oil sands are open and will continue to grow production regardless of pipe or tank cars. (pipelines never go down town)
    3-Do you think that if the pipe comes to a gulf coast refiner there is no value for the USA? (This value added product will serve the USA and the world)
    4- If the USA chooses to export refined product from the refineries do you believe that the USA will have no say in what country buys that product? (instrument of foreign policy)
    To me 1 and 2 are not great issues. 3 and 4 mean the return to strong economy and foreign policy.
    23 Feb, 06:43 PM Reply Like
  • 2839298249
    , contributor
    Comments (304) | Send Message
     
    Please enlighten us as to why this is "really nasty stuff"? Because Al Gore told you or maybe you are a chemist or let me guess you read it in the NY Times?
    24 Feb, 12:40 AM Reply Like
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