Is The Keystone Pipeline Dead?

[bobabode]

https://www.washingtonpost.com/polit...d0c_story.html

TransCanada asks for a suspension of it's pipeline permit.

[Boreas]

Depends on who the next president is. Really, Bernie's the only person running who can b e trusted to block it.

[Tom Joad]

As long as there is money to be made, it will never be dead.

[finnbow]

Originally Posted by Tom Joad

As long as there is money to be made, it will never be dead.

And because of dropping oil prices, the pipeline isn't profitable.

[Rajoo]

Originally Posted by finnbow

And because of dropping oil prices, the pipeline isn't profitable.

Let's not forget that the profits go to Trans Canada. Only money to be made by US is construction, lease and ongoing maintenance.

[donquixote99]

And the buying and selling and refining of the oil...and derivative contracts....

[Pio1980]

Probably graveyard dead until price of oil substantially rises.

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[MrPots]

Originally Posted by finnbow

And because of dropping oil prices, the pipeline isn't profitable.

So after they confiscated (stole) all that land via eminent domain...it's a no go?

[Tom Joad]

Originally Posted by finnbow

And because of dropping oil prices, the pipeline isn't profitable.

You expect that to last?

[finnbow]

Originally Posted by Tom Joad

You expect that to last?

Maybe, maybe not. However, without some degree of certainty, those making the investments won't be too hot on investing in the pipeline. That said, the Keystone pipeline is a red herring for both sides. The Dems call it a singular cause for ruining the earth's environment and the GOP says it will single-handedly cause full employment and energy independence. Neither is true.