Friday, November 6, 2015

No Keystone Pipeline?

The POTUS is to speak momentarily about his nix of the Keystone.

The financial/political talking heads are talking bad about his decision.

Nat Gas showing some strength. Drillers and pipelines showing some strength.

It could be that NOT doing Keystone will slow imports, raise domestic energy prices, and save some of our oil business jobs that would be lost with the shutdown of domestic production due to low prices.

This at a time when interest rates are set to rise. What better time to raise interest rates than when energy prices gain. And what better time to raise energy prices to save oil businesses than when interest rates are set to rise and make the oil debts worse, thus saving many from bankruptcy. It is even good for the banks who hold oil debt.

I think they just don't like the Pres.


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