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The Ultimate Fate of the Keystone Pipeline

by Dr. Kent Moors | published January 20th, 2012

Yesterday the Obama Administration decided not to approve the Keystone XL pipeline.

This has introduced another political firestorm into an already uncertain market.

If there is one subject that is likely to stimulate more angst over economic recovery prospects, it is the availability of energy.

Energy is central in everything that happens in the U.S. market.

And Keystone is designed to transport up to 700,000 barrels of oil a day from Alberta to refineries on the U.S. Gulf coast. It represents a new North American-centered initiative to lessen reliance on Middle Eastern imports and would create thousands of new jobs.

It also would create new opportunities for investors.

But the pipeline has had its detractors from the beginning.