Election 2016: Border-Crossing Pipelines, What's on the Chopping Block
SUGAR LAND--July 13, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--With the 2016 election looming large and the hydrocarbon economy doing its best to turn a profit, one area which will be directly impacted by the president's office will be the permitting of pipelines crossing U.S. borders. The Keystone XL (KXL) crude oil pipeline project by TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) was famously denied its permit and subsequently put on indefinite hold in late 2015. This was a multi-billion dollar project with years spent in development that was cut down by a presidential veto, affecting the bottom line for TransCanada and greatly affecting the takeaway capacity supply/demand picture for Western Canadian crude oil.
