Is Keystone Still Viable Amid Low Oil Prices?
"Right now with oil prices down and a glut of oil on the global marketplace, the answer is no, we don't need Keystone right now," Phil Flynn, senior market analyst at the Price Futures Group in Chicago, told a reporter from the San Luis Obispo Tribune last week. Ref. Source 6
Keystone pipeline clears last major hurdle in the Senate
The bill to spur the construction of the Keystone XL pipeline cleared a key Senate hurdle Thursday, as members voted to end debate and bring the bill to a vote. It sets up a showdown with President Obama, who has vowed to veto the bill because it sidetracks the process needed to approve or deny the pipeline permit. Ref. USAToday
The Senate has passed a bill to clear construction of the Keystone XL pipeline that would transport oil from Canada to the Gulf of Mexico.
The vote was 62-36. Nine Democrats joined with Republicans to support the bill despite President Barack Obama's promise to veto it. The bill needs to be reconciled with the House version. Ref. CNN
Keystone XL Bill Passes In Senate Faces Obama Veto
The U.S. Senate passed a bill on Thursday to approve the long-pending Keystone XL oil pipeline, despite the White House saying earlier in the day that President Barack Obama would veto the measure. The Republican-led Senate passed the bill that would approve TransCanada Corp's project to carry 800,000 barrels per day of heavy Canadian crude to Nebraska on the way to Gulf Coast refineries and ports. The House has passed its own pipeline bill and will work with the Senate to send the bill to the Obama's desk. After the potential veto, Obama is expected to make his own decision on the pipeline after the State Department finishes a review in coming weeks.
House passes pipeline bill, sets up Obama veto
The House approved a bill Wednesday authorizing construction of the Keystone XL pipeline, setting up a showdown with President Obama, who has promised to veto the bill. The bill essentially shuts down administration review of the pipeline that has been repeatedly delayed. The Senate has already approved the bill, but not with a big enough margin to override a veto. Ref. USAToday
President Barack Obama, exercising his veto power for the first time in five years, rejected a measure green-lighting the Keystone XL pipeline.
Obama's signature denying the Keystone bill kicks off what's expected to be a flurry of vetoes on measures that Republicans will send to the White House now that they control both chambers of Congress. Ref. CNN
Hillary Clinton says she opposes the Keystone XL pipeline, calling it "A distraction from important work we have to do on climate change."
Clinton, speaking at a community forum in Des Moines, Iowa, told the audience she waited to weigh in on the decision because she did not want to interfere with an ongoing review conducted by the State Department.
"It is imperative that we look at the Keystone pipeline as what I believe it is, a distraction from important work we have to do on climate change," Clinton said. "And, unfortunately from my perspective, one that interferes with our ability to move forward with all the other issues. Therefore I oppose it." Ref. CNN
Company Behind Keystone Pipeline Is Now Officially Stalling Until Obama's Out of Office:
The company behind the Keystone XL pipeline on Monday asked the U.S. To put on hold the review of its proposal to build the controversial 1,179-mile pipeline connecting the tar sands of Canada with the Gulf of Mexico. Ref. Source 6q