Obama Keystone Denial Seen Looming as Crude Rout Gives Cover
- Low oil prices seen easing political pressure on president
- State Department continues review as TransCanada pushes on
Environmentalist McKibben: Keystone XL Is Beaten
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The Keystone XL review suddenly looks like a priority for the Obama administration, and cheap oil may be part of the reason.
After dragging its feet for years to dodge one of the most contentious energy issues during President Barack Obama’s time in office, the administration took only a couple of days to deny a TransCanada Corp. request to pause the process while the company sought approval in Nebraska.