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The White House confirmed Thursday that Canada has postponed the North American Leaders Summit scheduled for next month but would not say whether tension over the Keystone XL oil pipeline is the reason. Canada, this year’s summit host, announced Thursday that the summit will be held later in 2015, though no exact date has been set. Some Canadian media outlets, such as the Toronto Sun, reported that the meeting was rescheduled because of President Obama’s continued indecision on Keystone, which...

Not since the multiplication of the loaves and fishes near the Sea of Galilee has there been creativity as miraculous as that of the Keystone XL pipeline. It has not yet been built but already is perhaps the most constructive infrastructure project since the Interstate Highway System. It has accomplished an astonishing trifecta: It has made mincemeat of Barack Obama’s pose of thoughtfulness. It has demonstrated that he lacks even a rudimentary understanding of the most basic economic realities. It has dramatized environmentalism’s descent into infantilism. Obama entered the presidency trailing clouds of intellectual self-regard. His carefully cultivated persona was...

Moscow (AFP) - Russia's Gazprom giant on Wednesday urged the European Union to link up to its planned energy pipeline to Turkey or lose the gas that now transits Ukraine. Gazprom chief Alexei Miller reminded the new European Commissioner for Energy Union, Maros Sefcovic that the South Stream project to deliver gas to Europe through Ukraine has been scrapped. Hence, "the Turkish Stream is the only route along which 63 billion cubic metres of Russian gas can be supplied, which at present transit Ukraine. There are no other options," he said...

After it was narrowly defeated last November, approval to build the Keystone XL oil pipeline has just passed in the Senate, and is expected to pass in the House of Representatives (by the end of next week). President Obama plans to veto the legislation, after which it will be sent back to both houses of Congress for another round of voting.The contentious 1,200-mile, 36-inch-wide steel pipeline would transport both heavy oil and bitumen—low-grade crudes that need extra refining before they can be made into products such as gasoline—from Alberta’s oil sands to refineries on the Gulf Coast. The pipeline has...

Senate Majority Leader Mitch McConnell (R-Ky.) is threatening to keep senators working until after midnight Tuesday to break Democratic opposition to moving ahead with approval of the Keystone XL pipeline. ADVERTISEMENT McConnell warned he would keep the Senate in session until the early morning if that’s what is necessary to begin consideration of amendments to the Keystone bill as soon as possible. “Some of our colleagues on the other side continue to filibuster the motion to proceed to this bill. All senators should know that we will get on this bill today and begin the amendment process — either this...

The Senate will start debate on Monday on a bill to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama. Senator John Hoeven of North Dakota, a co-sponsor of the bill to approve TransCanada Corp's pipeline, has about 63 supporters, including all 54 Republicans. That is four short of the 67 needed to overcome an Obama veto. The White House has said the president would reject the bill if it reaches his desk. Hoeven said...

Now that the U.S. economy is showing signs of life, President Obama is not wasting a moment to take credit for this recovery. “The steps we took nearly six years ago to rescue our economy and rebuild it on a new foundation helped make 2014 the strongest year for job growth since the 1990’s,” he said in a recent speech. For sure we can expect the president to continue this message in his upcoming State of the Union address, as he works to rebuild his credibility, thinking toward his final two years in office and his place in history. And...

It was 2008 when TransCanada initially filed an application with the U.S. government to construct the multibillion-dollar Keystone XL pipeline to carry up to 830,000 barrels of oil per day from Canada to Gulf Coast refineries. Illinois Senator Barack Obama had just secured the presidential nomination for the Democratic Party. Hurricane Ike made landfall, Usain Bolt set world records at the summer Olympics, and the Lehman Brothers filed for Chapter 11 bankruptcy protection. More than six years and many significant historical events later, TransCanada still does not have approval to build an environmentally safe pipeline that would create jobs and...

WASHINGTON (AP) — Republicans in Congress and a state supreme court have thrown the political hot potato known as Keystone XL straight back onto President Barack Obama's lap. So loath is Obama to making a decision about the proposed oil pipeline that deliberations have entered their sixth year — a period nearly as long as Obama's time in office. He's blamed the seemingly endless delays on bureaucratic formalities and parochial issues in Nebraska, even when skeptics claimed that the politics of the next election were giving the president cold feet. Now the election is over, the Nebraska issue is resolved,...

The House on Friday passed a bill to approve construction of the Keystone XL pipeline hours after a Nebraska court ruled in favor of the proposed route. The legislation now goes to the Senate, where it is expected to be approves. The White House has warned President Obama would veto the legislation. Passage fell largely along party lines, 266-153, with 28 Democrats joining nearly all Republicans in favor. Rep. Justin Amash (R-Mich.) voted "present." That is short of the necessary two-thirds majority needed to override a veto. The vote marked the 10th time the House has voted to authorize the...

Video at link. (CNSNews.com) – Jack Gerard, CEO of the American Petroleum Institute, says President Barack Obama is “factually incorrect” to say that the Keystone XL Pipeline will not benefit Americans. At the press conference in Washington Tuesday, CNSNews.com asked Gerard about Obama’s remarks in November about the pipeline, which, if approved, would transport crude oil from Canada and from two U.S. states to refineries on the Gulf Coast. Jack Gerard, CEO of the American Petroleum Institute, held a press conference with reporters on Jan. 6, 2015 following his annual State of American Energy speech in Washington, D.C. (CNSNews.com/Penny...

President Barack Obama will veto the Keystone XL bill if Congress passes a measure green-lighting the oil pipeline, White House press secretary Josh Earnest announced on Tuesday. Newly minted Senate Majority Leader Mitch McConnell has scheduled a vote on the Keystone XL pipeline project as the first of the new Congress. The bill has some bipartisan support, but environmentalists and progressives have heavily lobbied the White House to oppose the pipeline.... Earnest added that the White House reviewed the text of the bill to authorize the pipeline on Monday....

Like a lot of other dramatic bluster coming south out of Canada this winter, the Keystone XL pipeline stands poised for its big approval fight this month. Advocates claim it will put Montana in the mix for North American energy independence. Opponents say it will allow the most polluting oil on the planet to contribute to global warming while putting water supplies at risk. The U.S. Senate fell one vote short of approving Keystone during its lame-duck session last month, even though President Barack Obama threatened to veto the measure. But what if it doesn’t matter? While the Keystone project...

DULUTH, Minn. -- The Minnesota Public Utilities Commission will take public testimony next week at five hearings across the state on the all-new Enbridge Energy Sandpiper pipeline set to run from Beaver Lodge, N.D., to Superior, Wis. This round of hearings is intended to focus primarily on the "need" for the new pipeline -- both Enbridge's need to serve their customers -- oil companies -- and whether Minnesota really needs another pipeline to carry oil that will mostly go to other states. Usually the commission and an administrative law judge also would hear testimony on possible routes for the proposed...

After the discovery of oil in Prudhoe Bay, Alaska, it didnt take long for environmentalists to cry gloom and doom and for the media to hype those claims. From caribou dying to earthquakes to all hell breaking loose, there was no shortage of catastrophic predictions though the Alaska pipeline now boasts great success roughly 30 years later.      Construction on the pipeline began in 1975, and oil first moved through it on June 20, 1977. Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It...

SOFIA, Bulgaria — Barely two weeks after President Vladimir V. Putin annexed Crimea on one side of the Black Sea, he won a different prize on the other side. In Bulgaria’s Parliament, lawmakers gave initial passage to a bill clearing the way for a mammoth gas pipeline from Russia. The pipeline, known as South Stream, was Mr. Putin’s most important European project, a tool of economic and geopolitical power critical to twin goals: keeping Europe hooked on Russian gas, and further entrenching Russian influence in fragile former Soviet satellite states as part of a broader effort to undermine European unity....

For a symbolic issue, the Keystone pipeline has sure caused a lot of damage—to Canadian-American relations, to Democrats, to President Obama. And it feeds, underscores, or reflects a variety of political divisions, some of them quite bitter. I’ll get to Keystone’s victims shortly, but first the explanation of why the issue is purely symbolic. If the pipeline is built, it will carry oil from northern Alberta to refineries on the Gulf Coast. If it is not built, the crude oil will be transported either to Canada’s west coast or to New Brunswick, a maritime province in the east, where it...

A leak on a major Russian oil pipeline caused a spill in the Black Sea near the port of Tuapse on Wednesday where officials said stormy weather was hampering efforts to assess and respond to the mishap. "Some quantity of oil has spilled into the sea," Sergei Proskurin, first deputy captain of the port of Tuapse, told Reuters. He said the size of the spill was unclear and that emergencies services were working to deploy temporary floating barriers to contain the spill but were being delayed by the stormy conditions. Tuapse is a busy industrial and oil port but is...

U.S. President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally benefit American consumers and workers. "There is very little impact - nominal impact - on U.S. gas prices, what the average American consumer cares about," Obama told reporters during an end-of-year press conference. In his strongest comments on the Canada-to-U.S. pipeline to date, Obama picked apart some of the most common arguments proponents have used to urge the president to approve it: that it would create jobs, lower domestic gasoline prices and...

The CEO of TransCanada Corp. (TSX:TRP) says he doesn't see the oil industry's appetite for new pipelines faltering even though crude prices have skidded to the lowest point in more than five-years. In an interview in his downtown Calgary office, Russ Girling said he's seen ups and downs far more drastic over his career and expects the oilpatch will come out of the latest downturn in reasonably good shape. "There's a tremendous need to build irrespective of the price of the commodity right now," Girling said. "We're being pressed to get these facilities online as quickly as we possibly can."...