Monday, October 10, 2011

Keystone XL Will Be Built -- CNNMoney

I think the headline writer is ahead of the story.

Link here.
"We still anticipate State will approve the project by year end," Christine Tezak, an energy and environmental policy analyst at asset management firm Robert W. Baird & Co., wrote in a research note earlier this week. "The White House will cite national energy security, trade with a close neighbor, new jobs, and historically strict permitting requirements as justification for approval."
Oh, I think SecState Hillary Clinton will okay the deal, or at worse, forward it to the president without a recommendation. Then, in my mind, it's still a 50-50 proposition whether the president signs off on it before the end of the year.

If the federal government okays it, Nebraska could still balk.

For TransCanada to go around Nebraska (through Colorado) it would require another environmental impact statement, which I believe has been said would take five years. If it takes five years for a new environmental impact statement, the project is dead.

As noted, I think the headline writer is ahead of the story.

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