SOURCE: Industrial Info Resources

Industrial Info Resources

February 03, 2012 06:40 ET

Despite Keystone Setbacks, Canadian Oil Sands Continues to Thrive, a "Navigating the Currents of Change" Webcast on

SUGAR LAND, TX--(Marketwire - Feb 3, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- One of the biggest energy-related stories recently in the news has been the denial by President Obama of the permit for TransCanada's (TSX:TRP) Keystone XL pipeline project. The Keystone XL pipeline was proposed to bring sour crude oil from the Canadian oil sands down to Gulf Coast refineries in Texas. The news of the denial was definitely a shock, especially as the administration had several weeks remaining to continue to evaluate the plans. In this case, politics may have superseded the best interest of the American people. The permit was not denied because of the merits of the project, but because Congress had attempted to strongarm the president to make a decision on the project with legislation inserted into the payroll tax bill.

Click here to hear this edition of Industrial Info's "Navigating the Currents of Change" webcast.

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