Saturday, 10 January 2015

Keystone XL Approval

Q10: Will a US Federal bill approving the Keystone XL pipeline become law in 2015?
Yes: 20%
No: 80%

Republicans in the US House of Representatives and Senate have introduced a bill to approve the Keystone XL pipeline.  The bill is opposed by most Democrats and Obama.  Obama has threatened to use his presidential veto if the bill is passed.  The bill appears to have enough support in Congress to be passed by both houses of Congress, but not to override the presidential veto.

I do not think that any bill approving the pipeline will become law.  Obama has never supported the pipeline, and probably will continue in that stance (despite the recent Nebraska decision in favour of the pipeline).  The Republicans will not be able to override the presidential veto.  Also, low oil prices might decrease supply sufficiently to make the pipeline uneconomic (at least given probable delays).


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