Absent Obama OK on Keystone. TransCanada agrees to new oil pipeline project

[WestVirginiaRebel]

Fox News:

A Canadian company said Monday it will build an oil pipeline from Oklahoma to Texas after President Barack Obama blocked the larger Keystone XL pipeline from Canada.

Calgary-based TransCanada says the new project does not require presidential approval, since it does not cross a U.S. border. The shorter pipeline is expected to cost about $2.3 billion and be completed next year, the company said.

The Obama administration had suggested development of an Oklahoma-to-Texas line to alleviate an oil glut at a Cushing, Okla., storage hub.

Press secretary Jay Carney said Obama welcomed the announcement.

"Moving oil from the Midwest to the world-class, state-of-the-art refineries on the Gulf Coast will modernize our infrastructure, create jobs, and encourage American energy production," Carney said in a statement. "We look forward to working with TransCanada to ensure that it is built in a safe, responsible and timely manner, and we commit to take every step possible to expedite the necessary federal permits.

TransCanada said Monday it still hopes to build the full 1,700-mile Keystone XL pipeline, which would carry oil derived from tar sands in Alberta, Canada to refineries along the Texas Gulf Coast. The proposed $7 billion pipeline would run through Montana, South Dakota, Nebraska and Kansas before reaching Oklahoma.

The company is working with Nebraska officials to find a route that avoids the environmentally sensitive Sandhills region.

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So, one pipeline is OK but not the "wrong" kind?

[clearvision]

Well I think the fact the the big O has no authority over the partial pipeline sort of makes it easy for him to jump on board.