The bigger story, here, of course, is that no matter how many pipelines are closed, how many CBR unit trains are derailed, crude oil will find its way to consumers.
And, if China can't get the oil it needs, it will simply burn coal it imports from Australia because the Hillary crowd was successful in shutting down the US coal industry.
The other big story here, of course, is how fast oil demand / gasoline demand is rising even when only a few US states have opened up and most of Europe remains in lockdown.
The Dow is up 400 points. Oil is off a bit.
UNP is surging. Lots of CBR. I'm lovin' it.
As an investor, I was not going to make any money off the Keystone XL, but with the pipeline out of the picture, CBR is back in play and that's where I will do quite well. So, yes, thank you, Mr Biden.
By the way, the Keystone was never designed to transport any US oil in the first place, so I'm not sure what all the fuss was about from people like me in the first place. Oh, that's right. Rule of law. And science. And common sense. And fair play.
American jobs. Maybe I'm naive. I've always been concerned about jobs for Americans, but apparently our national leaders and governors are not, nor are the voters who voted to put Biden into office. So perhaps that's being naive, being worried about American workers in a global economy. RJM.
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