Keystone Pipeline Closer to Approval

The U.S. State Department just released a report which essentially indicated its approval of the construction of the politically controversial Keystone Pipeline. At least that's the way I read it.

State Dept. finds few problems with Keystone XL has this breaking news:

"The State Department has released its environmental assessment of TransCanada's Keystone XL oil pipeline project, that would allow oil taken from Canadian tar sands to be sent via pipe to Gulf Coast refineries. There wasn't much criticism of the environment impact in the report: the report said that it was "very unlikely" any releases from the pipeline would affect groundwater quality, except in the shallow groundwater and water wells in Nebraska. It didn't expect much climate impact and also found only 1 of 13 federally protected species would be potentially adversely affected by the project. The government found that in Canada, the project would not likely result in "significant adverse" environmental effects. The State Department will give 45 days for people to comment, and the White House from there can approve or reject it."

Summing Up

Sounds like the Keystone Pipeline is on its way to being approved, and that's a very good thing for jobs, government revenues, energy independence and Canadian relations.

Now if the President just goes ahead and does the right thing, which I believe he will.

Thanks. Bob.