February 2013

Trends and Resources

HP Industry Perspectives: Energy industry expects approval on the Keystone XL

With US President Barack Obama’s second four-year term now secure, most in the global hydrocarbon processing industry (HPI) expect the Obama administration to ultimately approve the controversial..

With US President Barack Obama’s second four-year term now secure, most in the global hydrocarbon processing industry (HPI) expect the Obama administration to ultimately approve the controversial Keystone XL pipeline system. Out of hundreds of votes cast on HP’s website, 68% believe the US president will give the green light to TransCanada to build the expanded system, which could connect the US Gulf Coast refining base with crude oil feedstock from Canadian oil sands. The president previously denied TransCanada the Keystone XL permit in January 2012, citing an arbitrary deadline from Republicans. Several political pundits said Obama also might have been apprehensive about going a

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