SUGAR LAND, TX — (Marketwire) — 02/03/12 — 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 (TSX:TRP) Keystone XL pipeline project. The Keystone XL 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 In this case, politics may have superseded the best interest of the American people.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.
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