Investors Should Steer Clear of the Keystone Pipeline

The oil industry is in trouble, beset by bankruptices of junior companies, write-downs by major producers, and canceled or drastically delayed projects across the board. The last thing it needs is the proposed Keystone XL pipeline, which President Trump this week moved to reignite after only five days in office.

If the president gets the approvals he needs, this would be a reversal of the Obama administration's efforts to quash costruction of the pipeline, which would link oil producers in

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