The timing is curious.
I am wondering if obama and his saudi overlords brought down the price of oil to coincide with this bill, to attempt to make its necessity questionable.
Except the electorate knows the O&G players are doing everything they can to get the price back up. May as well have it built by the time the oil market ‘recovers’.
It's a good thing for the US but it will take time for demand to grow due to the mythological bias Americans have been brainwashed into regarding the environment.
Getting the Keystone bill to pass congress WITH almost 1/4 of Dems voting in favor helps to slowly dispel the myth. As this continues, American will use more oil and the price increases.
Due to investments already committed, oil-sands production is poised to rise 36 percent to at least 2.6 million barrels a day by 2017, Peters & Co., a Calgary-based investment bank, said in a November forecast.
Projects now under construction will require 1 million barrels a day of new pipeline space, said Chris Cox, an analyst at Raymond James Ltd. in Calgary.
“What you should expect this year is that all incremental heavy oil barrels are effectively going to be transported by rail,” Cox said....
Canada Doesn’t Need Keystone XL to Win U.S. Crude Supply Battle
http://www.bloomberg.com/news/2015-01-08/canada-wins-u-s-crude-supply-battle-without-keystone-xl.html
Good observation.
You may be correct, never can trust them.