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Jesus Davis, Industrial Info's vice president of research for the Oil & Gas
Topic: Despite Keystone Setbacks, Canadian Oil Sands Continues to Thrive
One of the biggest energy-related stories in the news has been the denial by President Obama of the permit for TransCanada's (TSX:TRP) Keystone XL pipeline project. The Keystone XL pipeline was proposed to bring sour crude oil from the Canadian oil sands down to Gulf Coast refineries in Texas. The news of the denial was definitely a shock, especially as the administration had several weeks remaining to continue to evaluate the plans. In this case, politics may have superseded the best interest of the American people. The permit was not denied because of the merits of the project, but because Congress had attempted to strongarm the president to make a decision on the project with legislation inserted into the payroll tax bill.
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The proximity of the Marcellus shale to large population centers and lack of oil & gas infrastructure are expected to continue to drive construction spending in the region for many years to come. Being ...
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The North American Power industry had a "roller-coaster" year in 2011, driven by an "onslaught" of new regulations from the U.S. Environmental Protection Agency (EPA) (Washington, D.C), according...
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