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Moody's predicts Obama will approve Keystone XL pipeline

Platts -- Ratings agency Moody's predicted Monday that the Obama administration would eventually approve TransCanada's application to build the controversial Keystone XL pipeline.

"But approval will not be quick," Moody's Investor Service said in a report on fallout from the US presidential election. "A prolonged permitting process risks missing the very oil price boom that inspired Keystone XL in the first place."

Gulf Coast oil refiners and marketers stand to benefit from light/heavy crude price differentials as long as the project's permitting process and construction timeline lets TransCanada put the system into operation by 2015 or 2016, Moody's said.

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Submitted Nov 13, 2012 By: drpepperTX

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honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Nov 16, 2012 6:05:47 AM Ignore honda0105 Report Abuse predictions are just that... crystal ball gazes.
7SPEEDY7 Champion Author Flint Posts:1,421 Points:632,175 Joined:May 2011	Message Posted: Nov 14, 2012 11:13:39 AM Ignore 7SPEEDY7 Report Abuse Really?????
tomok Champion Author Portland Posts:33,578 Points:2,372,235 Joined:Aug 2006	Message Posted: Nov 14, 2012 5:23:53 AM Ignore tomok Report Abuse Moody's predicts Obama will approve Keystone XL pipeline and if Sneeky or the US government doesn't approve the pipeline, then Big Oil will build it anyway. Sneeky will continue to oppose the Keystone pipeline, so your are in a dream world if you expect him to approve it. The Keystone XL pipeline is Not in his plans to help the US, the sheep voted him in again so you have to live with it now for 'four more years.' Big Oil and Big Gas exports fuel and natural gas to other countries that will pay more for it, much more than here. This Canadian pipeline will help export that refined crude oil and natural gas by way of the refineries on the Gulf Coast. There will be NO price reduction or cheaper prices for fuel or natural gas IN the US, so it does NOT matter how much crude oil or natural gas is produced in the US or Canada. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down. People will still drive and buy fuel no matter what but it sure helps to have a job too! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
afghaned Champion Author Hamilton Posts:11,978 Points:1,312,860 Joined:May 2004	Message Posted: Nov 14, 2012 4:37:06 AM Ignore afghaned Report Abuse We should build west not south.
EVBuddy Champion Author Nevada Posts:16,830 Points:3,058,320 Joined:Sep 2004	Message Posted: Nov 14, 2012 12:30:03 AM Ignore EVBuddy Report Abuse Bad news.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:575,730 Joined:Mar 2006	Message Posted: Nov 14, 2012 12:25:39 AM Ignore Dodge_Me Report Abuse Hmm
ItisAJeepThing Champion Author Tucson Posts:20,022 Points:2,178,305 Joined:Oct 2006	Message Posted: Nov 14, 2012 12:15:33 AM Ignore ItisAJeepThing Report Abuse Send it to eastern Canada, they need a refinery and fuel price relief more than the U.S. needs more oil.
crreed1 Champion Author West Virginia Posts:2,095 Points:2,549,740 Joined:May 2005	Message Posted: Nov 14, 2012 12:13:20 AM Ignore crreed1 Report Abuse old news
Ray_10589 Champion Author New York Posts:5,076 Points:1,209,485 Joined:May 2009	Message Posted: Nov 14, 2012 12:12:26 AM Ignore Ray_10589 Report Abuse wait and see ....
ican2step Champion Author Pittsburgh Posts:1,806 Points:451,425 Joined:Feb 2012	Message Posted: Nov 14, 2012 12:11:03 AM Ignore ican2step Report Abuse Got it
N5EXY Champion Author Austin Posts:5,629 Points:1,536,805 Joined:Jul 2004	Message Posted: Nov 14, 2012 12:10:25 AM Ignore N5EXY Report Abuse Don't bet the barn on it. Bozama would rather wait until it is no longer needed.
PrinceLH Champion Author Ontario Posts:2,827 Points:564,770 Joined:Jun 2011	Message Posted: Nov 14, 2012 12:10:07 AM Ignore PrinceLH Report Abuse It's late in the game.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Nov 14, 2012 12:08:00 AM Ignore pastorpaulcg Report Abuse Okay
LostInNY Champion Author New York Posts:1,854 Points:674,545 Joined:Apr 2011	Message Posted: Nov 14, 2012 12:06:39 AM Ignore LostInNY Report Abuse Really?? Oblama wants credit for everything [Edited by: LostInNY at 11/14/2012 12:07:54 AM EST]
danreino Champion Author Twin Cities Posts:8,469 Points:1,563,535 Joined:Mar 2008	Message Posted: Nov 14, 2012 12:06:07 AM Ignore danreino Report Abuse Regardless of Moody's BS; we do need something to sell TO China. Looks like it's oil for now.
skb69sa Champion Author San Antonio Posts:3,623 Points:738,100 Joined:Mar 2011	Message Posted: Nov 14, 2012 12:05:13 AM Ignore skb69sa Report Abuse Good speculation
PK33 Champion Author Ann Arbor Posts:1,454 Points:504,795 Joined:May 2011	Message Posted: Nov 14, 2012 12:04:43 AM Ignore PK33 Report Abuse Build a refinery in ND
SteelPenny Champion Author Dallas Posts:31,283 Points:2,633,465 Joined:Sep 2005	Message Posted: Nov 14, 2012 12:04:31 AM Ignore SteelPenny Report Abuse Moody full of warm brown stuff and I don't mean puppies.
Killerbabydoll Champion Author Tucson Posts:1,355 Points:567,670 Joined:Sep 2010	Message Posted: Nov 14, 2012 12:04:07 AM Ignore Killerbabydoll Report Abuse i dont think so
CivicMA Champion Author Boston Posts:2,035 Points:561,620 Joined:Jun 2011	Message Posted: Nov 14, 2012 12:02:59 AM Ignore CivicMA Report Abuse I seriously doubt this!
rahcat Champion Author Grand Rapids Posts:2,676 Points:689,675 Joined:Jan 2010	Message Posted: Nov 14, 2012 12:02:15 AM Ignore rahcat Report Abuse More Bloviator Rob
joeschmo12 Champion Author New York Posts:1,102 Points:324,550 Joined:Mar 2012	Message Posted: Nov 14, 2012 12:01:17 AM Ignore joeschmo12 Report Abuse dig baby dig
gasmack Champion Author Ventura Posts:1,752 Points:679,840 Joined:Feb 2011	Message Posted: Nov 13, 2012 11:57:47 PM Ignore gasmack Report Abuse We'll see.
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Nov 13, 2012 11:57:44 PM Ignore Aviator_Rob Report Abuse Yeah, @drpepperTX, and the Koch brothers pulled Romney's strings. Too bad the string wasn't attached to anything important. All that money wasted. Oh well, I'm sure they'll make more by bending the driving public over a barrel.
GAS1251 Champion Author Texas Posts:5,289 Points:1,652,955 Joined:Jun 2008	Message Posted: Nov 13, 2012 11:54:41 PM Ignore GAS1251 Report Abuse Probably after the Chinese build their own.
J4romeo All-Star Author Gary Posts:506 Points:1,219,125 Joined:Jan 2006	Message Posted: Nov 13, 2012 11:54:05 PM Ignore J4romeo Report Abuse whatever!another piece of the downward puzzle to add to his term..:)
FlyNFool Champion Author South Carolina Posts:8,374 Points:1,711,725 Joined:Aug 2008	Message Posted: Nov 13, 2012 11:53:05 PM Ignore FlyNFool Report Abuse When hell freezes over!
crashintuc34 Champion Author Tucson Posts:4,188 Points:838,555 Joined:May 2010	Message Posted: Nov 13, 2012 11:52:21 PM Ignore crashintuc34 Report Abuse Yeah right.
drpepperTX Champion Author Texas Posts:9,159 Points:778,875 Joined:Apr 2011	Message Posted: Nov 13, 2012 11:50:36 PM Ignore drpepperTX Report Abuse Soros pulls most of puppet Obammy's strings Rob.
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Nov 13, 2012 11:48:41 PM Ignore Aviator_Rob Report Abuse Got any fresh conspiracy theories, @A_NY_Outlaw? The current batch is getting stale. And as for driving up gas prices, Big Oil is doing just fine in that department, all by themselves. When you increase oil exports at the same time that you increase oil production, gas prices in this country tend not to come down.
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Nov 13, 2012 11:45:33 PM Ignore Aviator_Rob Report Abuse We suffered eight long years through the George W. Bush administration, @suzmar. You can handle another four years.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:575,730 Joined:Mar 2006	Message Posted: Nov 13, 2012 11:45:13 PM Ignore Dodge_Me Report Abuse Hmm
tspaldi Champion Author Provo Posts:6,160 Points:962,765 Joined:Sep 2010	Message Posted: Nov 13, 2012 11:43:18 PM Ignore tspaldi Report Abuse Canada wants this for one reason.... So they can sell their oil at a higher price on the world market! The pipeline makes more oil available for refining, just don't expect the price of gas to go down from the pipeline.
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Nov 13, 2012 11:43:01 PM Ignore Aviator_Rob Report Abuse So tell us, @clermont40miles, if the President is a puppet then who is the puppeteer?
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,885,580 Joined:Jun 2006	Message Posted: Nov 13, 2012 11:41:19 PM Ignore PizzaMon Report Abuse We shall see.
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Nov 13, 2012 11:41:12 PM Ignore Chris46 Report Abuse But will the general American public benefit from the pipeline?
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Nov 13, 2012 11:41:10 PM Ignore 96sc1 Report Abuse Was he just screwing with our heads before?
Aviator_Rob Champion Author New York Posts:3,985 Points:439,840 Joined:Mar 2012	Message Posted: Nov 13, 2012 11:41:01 PM Ignore Aviator_Rob Report Abuse Perfect! Give Keystone XL the permit once it no longer makes economical sense to build the pipeline. That way, we'll see how much CHINA really wants that oil and how much they're willing to pay for it.
SavALot Champion Author Virginia Beach Posts:8,613 Points:1,738,185 Joined:Apr 2005	Message Posted: Nov 13, 2012 11:39:42 PM Ignore SavALot Report Abuse Canada really wants this
chuckhermann Champion Author New York Posts:1,022 Points:520,000 Joined:Jun 2011	Message Posted: Nov 13, 2012 11:36:07 PM Ignore chuckhermann Report Abuse You mean now that the election is over and Obama can't be re-elected? I'm surprised.
CCLighthouse Champion Author Hartford Posts:1,131 Points:238,700 Joined:Aug 2012	Message Posted: Nov 13, 2012 11:35:04 PM Ignore CCLighthouse Report Abuse Don't hold your breath!
carpenter4u Champion Author Virginia Posts:2,476 Points:638,020 Joined:Jul 2011	Message Posted: Nov 13, 2012 11:32:55 PM Ignore carpenter4u Report Abuse Not going to happen
mackconsult Champion Author Portland Posts:5,369 Points:868,185 Joined:Jan 2009	Message Posted: Nov 13, 2012 11:30:23 PM Ignore mackconsult Report Abuse He should keep out of it
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Nov 13, 2012 11:29:32 PM Ignore mstearno Report Abuse Moody's is on crack
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,160 Joined:Feb 2010	Message Posted: Nov 13, 2012 11:28:31 PM Ignore bonzoonfmb Report Abuse Please no more Keystone crap. No matter what happens it will not lower the price of U.S. domestic gasoline.
jorod55 Champion Author California Posts:1,607 Points:458,225 Joined:Dec 2011	Message Posted: Nov 13, 2012 11:25:29 PM Ignore jorod55 Report Abuse Where's my weather rock.
vibdata Champion Author Massachusetts Posts:4,181 Points:866,235 Joined:Nov 2005	Message Posted: Nov 13, 2012 11:23:02 PM Ignore vibdata Report Abuse I PREDICT: That Moody's will predict that Obama will approve Keystone. How'd I do?
Wsamson7121 Champion Author San Jose Posts:5,946 Points:2,018,955 Joined:Feb 2003	Message Posted: Nov 13, 2012 11:20:53 PM Ignore Wsamson7121 Report Abuse I'm just skeptical as to if he will approve the pipeline.
MopedTime All-Star Author Michigan Posts:808 Points:383,590 Joined:Mar 2012	Message Posted: Nov 13, 2012 11:20:10 PM Ignore MopedTime Report Abuse Delay would only cost more for everyone.
Wanda127 Champion Author Florida Posts:2,565 Points:940,350 Joined:May 2010	Message Posted: Nov 13, 2012 11:19:26 PM Ignore Wanda127 Report Abuse "But approval will not be quick," Moody's Investor Service said in a report on fallout from the US presidential election. "A prolonged permitting process risks missing the very oil price boom that inspired Keystone XL in the first place." So, we can not depend of much in the way of jobs or less expensive fuel from this anytime soon.