Sunday, December 25, 2011

Keystone pipe outlook no rosier after Senate vote

photo(Reuters) - Senate Republicans claimed victory on Saturday for a bill that may force President Barack Obama to make a speedier decision on a Canada to Texas oil pipeline, but a White House official indicated quick approval of the project is not likely. The two-month payroll tax break extension bill passed by the Senate on Saturday included language that would make Obama decide within 60 days whether TransCanada Corp's 700,000 barrel-a-day Keystone XL oil sands pipeline is in the country's national interest. But the U.S. ...


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