"to be approved eventually"
Link to Rigzone.com here.
TransCanada Corp.'s schedule for the controversial Keystone XL oil pipeline slipped further Tuesday, as the Calgary pipeline company said it now expects a start-up date in early 2015 rather than its previous expectation of 2014.This tells me that TransCanada -- for all their "threats" -- really does not have a viable plan for pipelining that oil to the west coast.
Earlier this year, the Obama Administration refused to grant the line a permit to cross the U.S. border, though the White House invited TransCanada to apply again. TransCanada executives say they still expect the line - envisioned to transport crude from Alberta to the U.S. Gulf Coast - to be approved eventually.
It also tells me that if they are willing to wait this long, this project is a company-defining project.
