The Canadian company behind a proposed pipeline that will carry oil from Canada to the United States has asked the U.S. State Department to suspend its review of the controversial project. TransCanada announced Monday that it had sent a letter to U. S. Secretary of State John Kerry to halt the review of Keystone XL […]
CAPITOL HILL—Despite a global oil glut, the U.S. Senate has voted 62-36 to approve construction of a controversial pipeline to transport Canadian crude to U.S. Gulf states. President Barack Obama has threatened to veto the project, which pits powerful business interests against environmentalists at a time when American motorists are celebrating a steep drop in […]
WASHINGTON—The U.S. Senate has rejected construction of a controversial pipeline to transport Canadian oil to American refineries. The $5 billion project still could be approved next year, but it faces a possible veto by President Barack Obama. The pipeline has exposed deep divisions in Congress about America’s energy future. In a nation reliant on fossil fuels, […]
Wow, I had barely recommended repealing the laws that restrict U.S. oil exports as part of an overall ramping up of competition in global oil markets when news hit that the Saudis were cutting the price of oil shipped to the U.S. The price of oil has been zigzagging downward since then—much to the benefit […]