“People outside Washington complain the federal government can’t get things done,” Timmons said. “The bureaucracy and red tape surrounding Keystone XL for nearly 5 years has been inexcusable.”That pretty much sums it up.
Hey, by the way, in his prepared remarks this a.m., President Obama said if the GOP agrees to kill the "sequester," or at least "kick the can down the road a bit," his administration will "expedite oil production in North Dakota, South Dakota, and Montana." Nice quid pro quo.
South Dakota should be particularly excited.
Note: phrases in quotes are paraphrases; exact quotes from the president's speech can be found at the original source which I have not linked.
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However, there may have been a huge indirect hint: "Expediting oil production in ND, SD, and MT" could be "the hint."
Everyone agrees that Bakken production is held back by takeaway capacity (neither rail nor pipeline is currently adequate); the only way to quickly expedite production: completion of the Keystone XL -- at least that's the new spin on the Keystone.
K Street, Kazakhstan, Kyrzakhstan, Kerry, Keystone, Kompromise -- I guess "K" is in this year.
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Could just the announcement of approving the Keystone XL 2.0 drop the price of WTI by $10/bbl? And, of course, the Bakken with it?
