My eyes are glazed over, I am exhausted, answering so much e-mail and replying to so many comments -- I have to take a break.
CRC sent me this link: http://www.bloomberg.com/news/2012-01-23/buffett-s-burlington-northern-among-winners-in-obama-rejection-of-pipeline.html
and I was not going to post it. I know the story well and have posted it at least twice if not more often (I can think of at least three times, I guess, I posted this story or alluded to it), so I did not want to post it again.
But now I see it's on the front page of Drudge Report taken from/linked to Bloomberg -- so I guess I better link it.
So, consider it linked. I'm too tired to talk about it but maybe later.
And yes, the Keystone XL 1.0 is canceled. Killed. See my other posts explaining my terminology. Keystone XL 1.0 was canceled some time ago. It was canceled due to an unusual coalition of folks in Warren's home state, and perhaps his home town.
The president just killed Keystone XL 2.0.
They are now working on Keystone XL 2.1 and possibly Keystone XL 3.0.
Keystone XL 2.1 could be voted upon by the states and / or Congress. Keystone 3.0 will be presented to the president after the election.
Regardless, the earliest TransCanada says Keystone XL X.X will be operational is now 2014.
Plenty of time for Enbridge and Warren to keep on doing what they're doing.