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The interminable holdup over the Keystone pipeline does not exactly encourage new investment. You don't seriously think companies are going to waste millions p
by bpodgursky 11y ago
The interminable holdup over the Keystone pipeline does not exactly encourage new investment.
You don't seriously think companies are going to waste millions planning out a new line if they have no idea when (if ever) it would be approved.
- rch 11y agoThe material being piped is already worth less than it costs to drill and produce, so there is no reason to even consider a pipeline. When gas is over $7 and oil is over $80 then there might be some interest, but it is going to be a while.