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CNN reports Pres. Obama will announce Thursday a fast-tracking of the southern half of the...

CNN reports Pres. Obama will announce Thursday a fast-tracking of the southern half of the Keystone XL (TRP) pipeline. Permitting for such a project can take a year or more, so a commitment to expedite the process could shave several months off that timeline.
Comments (11)
  • Ha. Had to know that was coming.
    20 Mar 2012, 05:34 PM Reply Like
  • LOL fast track as in time for election boost
    20 Mar 2012, 05:42 PM Reply Like
  • whats next? will he tell us he s for lower gas prices for "hard working"
    americans
    20 Mar 2012, 05:43 PM Reply Like
  • President Obama up again in national polls. Everything is looking good for a wide margin of victory for President and taking back congress.
    20 Mar 2012, 05:49 PM Reply Like
  • Thanks for the laugh, I just about had soda come out of my nose.
    20 Mar 2012, 06:09 PM Reply Like
  • I remember you... thanks for my daily laugh.
    20 Mar 2012, 06:30 PM Reply Like
  • Terry330..I have been reading your comments for awhile now and I am still trying to figure out exactly why you visit this site..I have NEVER seen you post any comments on actual stock or trading commentary..I have only seen posts from a far left position on political commentary..I was wondering whether the Daily Kos or the Huffington Puffington Post might be more appropriate and favorable venues for your ideology..
    20 Mar 2012, 08:28 PM Reply Like
  • The entire pipeline will be approved in 2013 or 2014, regardless who is President. It was already on track for approval once an acceptable route for the northern portion (particularly the part affecting Nebraska) had been agreed upon. The only reason for the rejection was because Congress attached a rider to the payroll tax cut bill setting a deadline for the decision and that deadline was set prior to the time the State Dept's review would be completed, thus blocking its approval. In other words, Congressional Republicans decided they wanted rejection of the pipeline as a political issue during an election year more than they wanted the pipeline itself.
    20 Mar 2012, 05:51 PM Reply Like
  • This makes more sense than releasing strategic reserves. However, between this and the announcement from the Saudi's that they are prepared to release more oil, I don't realistically expect gasoline prices to decline much. I think a bigger mover would be some form of formal discussions with Iran, possibly including the European Union, and even then perhaps only impacting Brent futures.
    20 Mar 2012, 05:58 PM Reply Like
  • oil workers to protest Obama visit
    http://bit.ly/GBpV69
    20 Mar 2012, 07:49 PM Reply Like
  • This announcement is a joke, unless you've been living under a rock for the last year you already know he has no intention of lowering gas prices except to get re-elected. It's pandering of the most obvious kind.
    20 Mar 2012, 09:21 PM Reply Like
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