This is strange. Have you heard? According to The Hill, President Obama will give the proposed Keystone XL oil sands pipeline a green light, Moody’s predicts in a new report.
Now, I had heard other such rumblings, but dismissed them as wishful thinking. See this vid from Bloomberg. But, the financial world isn’t the only place where this is being echoed. The Canadian government is also saying the same thing!
TransCanada submitted a new route for the northern part of the pipeline in September, and has said it expected a decision in early 2013.
“We believe that the Keystone XL will be approved by the Americans because it is clearly in the US national interest in terms of national security, jobs and economic growth,” Natural Resources Minister Joe Oliver told reporters on Wednesday.
This is all too strange. It doesn’t make much sense to me. The only way this makes sense is if there was some quid pro quo. I would be very supportive of the pipeline, but, beware of Greeks bearing gifts.