"The company also informed the DOS that what had been the Cushing to U.S. Gulf Coast portion of the Keystone XL Project has its own independent value to the marketplace and will be constructed as a stand-alone Gulf Coast Project, not part of the Presidential Permit process. The approximate cost is US$2.3 billion and subject to regulatory approvals, we anticipate the Gulf Coast Project to be in service in mid to late 2013."
That fixes the Cushing differential, maybe. But, it will raise the price toward Brent pricing. (Don't tell anyone.)
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The Northern Leg will be approved after the election, when it won't affect campaign donations or spawn a 3rd party environmentalist ticket.
Yes, I saw this "breaking news story" on CNBC but was putting my jacket on to pick up my granddaughters from school, and would come back to post/link/blog it.
Thank you for reminding me and giving me a link. Glad to see that the Obamas "approve" this southern pipeline. Smile.
http://www.transcanada.com/5966.html
ReplyDeletehttp://www.marketwatch.com/story/white-house-backs-keystone-xl-southern-pipeline-2012-02-27?siteid=yhoof2
"The company also informed the DOS that what had been the Cushing to U.S. Gulf Coast portion of the Keystone XL Project has its own independent value to the marketplace and will be constructed as a stand-alone Gulf Coast Project, not part of the Presidential Permit process. The approximate cost is US$2.3 billion and subject to regulatory approvals, we anticipate the Gulf Coast Project to be in service in mid to late 2013."
That fixes the Cushing differential, maybe. But, it will raise the price toward Brent pricing. (Don't tell anyone.)
---
The Northern Leg will be approved after the election, when it won't affect campaign donations or spawn a 3rd party environmentalist ticket.
anon 1
Yes, I saw this "breaking news story" on CNBC but was putting my jacket on to pick up my granddaughters from school, and would come back to post/link/blog it.
DeleteThank you for reminding me and giving me a link. Glad to see that the Obamas "approve" this southern pipeline. Smile.