Keystone pipeline debate goes to Nebraska high court


Nebraska's highest court will hear arguments today for TransCanada's (NYSE:TRP) proposed $5.4B Keystone XL pipeline, following five years of wrangling at the federal level.

At issue is a 2012 decision that killed legislation allowing the Canadian company to chart the pipeline’s course through Nebraska.

While a ruling upholding that decision would add another obstacle to the project, a reversal could immediately send the case to President Obama, forcing him to choose between unions who support the project and environmentalists who don’t.

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Comments (7)
  • Ruffdog
    , contributor
    Comments (3229) | Send Message
     
    Unfortunately this will not happen before the midterm elections.
    5 Sep 2014, 07:52 AM Reply Like
  • bobby44
    , contributor
    Comments (487) | Send Message
     
    YAWN.
    5 Sep 2014, 10:07 AM Reply Like
  • 27975573
    , contributor
    Comments (365) | Send Message
     
    Either way this decision goes......it is a long time before any crude moves through
    this region on anything but the rails.

     

    Thus, remaining long on rails and rail car suppliers.

     

    Long CSX, GBX, TRN.
    6 Sep 2014, 11:51 AM Reply Like
  • Lionel Yeo
    , contributor
    Comments (417) | Send Message
     
    This is the US being stupid shooting itself in the foot.

     

    There's no environmental concern. Whatever a pipeline does, it a small faction of the oil that is already being produced. All it does is shift to the rails.
    16 Sep 2014, 02:56 AM Reply Like
  • Cageyone
    , contributor
    Comments (230) | Send Message
     
    It's like watching paint dry! Meanwhile TRP is up 30 percent this year and CP rail is up to record highs, so Mr Market is saying more oil be moving regardless!
    16 Sep 2014, 08:17 AM Reply Like
  • Ruffdog
    , contributor
    Comments (3229) | Send Message
     
    I do not understand it, why build a pipeline through the US that then has to load onto tankers go through the Panama Canal to Asia; you are paying US environmental cost, longer tanker travel and Panama Canal transit cost. Verse TransMountain load it on a tanker in BC and unload it in Shanghai.
    16 Sep 2014, 11:39 AM Reply Like
  • lorneb
    , contributor
    Comments (312) | Send Message
     
    Ruffdog,
    The pipelines are to get the oil to refineries in the US which refine it for domestic US markets. The US is an importer because it has not been able to produce enough to satisfy its own market. It has for years been importing oil from the Middle East and Argentina to satisfy the domestic need. Relying on imports from those areas is risky. A source of supply from a friendly stable area such as Canada is a much safer plan. The KXL pipeline is not planned in order to ship crude from Canada and North Dakota to Asia.
    17 Sep 2014, 02:54 AM Reply Like
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