Update on TransCanada Keystone XL -- Back and Forth -- Here We Go Again

This State Department review is more favorable regarding the TransCanada Keystone XL.  But time will tell.

I normally don't like to post interim updates on these issues because they simply go back and forth and would clutter the site.

In light of several developments, I thought the update important. The developments:

• a) Japanese nuclear disaster has changed everything
• b) Permitorium in the Gulf continues
• c) The price of oil is headed back up after a short (and meaningless) pullback
• d) The US is technically "broke" financially; weakens the dollar --> oil price up
• e) Although it's off the front pages, Mideast turmoil is probably getting worse, not better
• f) Libya is likely to be protracted; NATO doesn't have enough planes to take on a fractured 3rd world country that no longer has an air force or a functioning navy; and, no real army any more
• g) Delay in federal onshore permits
• h) Minnesota votes to life coal restrictions (a crack in "global warming" wall?)
• i) California votes to increase renewable energy mandates

When you put all that together, Canadian oil sands are not unimportant to the US.