There's really no reason to post this story, it's old news (by 24 hours). The link is to a story in which a huge amount of ink is devoted to why activist environmentalists don't want this pipeline reversal approved (I did not read much of the article). It's old news -- Canadian regulators approved the reversal.
This is why I posted the link.
Yesterday, I drove back from Williston, North Dakota, to Grapevine, TX, and had plenty of time to listen to radio stations all along the way. I happened to catch a very, very small snippet suggesting that the "fossil fuel industry" had won vis a vis the activist environmentalists.
(I personally think of it as a win for Americans, not a win for the "fossil fuel industry." But I digress.)
I didn't listen very long to that snippet. I only caught a piece of it. The "reporter" suggested that huge amounts of money were behind the North American energy revolution and although there will be a lot of political theater played out in the press, the fact is the oil and gas industry is pretty much steam-rolling ahead (poor metaphor, of course).
The price of gasoline was approaching $4.00/gallon in the northern tier, and in the mid-continent. It was back to a more reasonable (?) $3.39 here in Texas. In California it is solidly above $4.50/gallon. Without the Bakken, the Eagle Ford, and the Permian, gasoline would be a whole lot more expensive. Those three fields, and the Canadian oil sands, prevented a huge surge in the price of Brent following the events in the Ukraine/Crimean.
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