Breitling Oil and Gas Morning Podcast #249 3-6-13

The southern half of the Keystone XL pipeline is already being built, while the administration of U.S. President Barack Obama is waiting to decide whether to approve the controversial section that would allow for the transportation of tar sands oil from Canada to the U.S. Gulf Coast for export.

The fate of the project will demonstrate whether Obama plans to take a strong stance on mitigating climate change and reducing reliance on fossil fuels.

As new Secretary of State John Kerry prepares to make his recommendation to the president on the project pending the results of an environmental review, opponents of the project are ramping up a campaign against it, while its supporters are downplaying its environmental impact.  The story is getting much less press now than before the election a clear sign it will get approved.

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