The Keystone XL pipeline was first publicly proposed in Feb 2005. The price of oil back then was $45.
A pipeline isn't about producing oil, it is about moving it. It doesn't matter the total price, it matters the difference in price between the two ends. And we are not going to use less oil at $50~60 oil than we did at $100.
Gee, how will this play out? Let’s see.
Bill passes senate, is vetoed by the commie in chief and will receive 66 votes killing the bill. The 12 votes will be by rats up for reelection in 2016.
Politics as usual in DC. But no worries. McConnell will get it back on the next deal.....
It’s getting the routing nailed at this point. Look at the maps of the track. They can employ plenty of folks to get this started.