Looking for real comments. What effect does this have on our business?
11 replies (most recent on top)
@11c
So it sounds like market capitalism made the decision to not open the XL pipeline this time. Interesting how that works when a free market economy drives decision making and politics are left out of it.
The resurrection of the XL pipeline was initiated by DJT through signed EO's (2017-2020). It was then cancelled BY JB on his first day in office on 1-20-21, causing TC energy to officially terminate the project. Recent efforts to revive it faced roadblocks including large-scale private backing and indigenous/environmental opposition.
That has very little to do with DJT, and is more about local opposition and investors, but keep pushing that false narrative.
@ap
Remind me because it must have slipped my memory, did Trump authorize the building of the XL pipeline in the past 2 years?
$8.6 billion in market value since the election.
Something something data centers.
I'd like to buy 10,000 marbles please. This is gonna be GREAT! I
no effect
more like trading moolah coming from S&T
I hope they have learnt their lesson from the last time around. Hopefully we won’t see more stupidity like canceling key XL
We will see lower leasing offshore and on federal lands, but it think big oil has filled the hopper for a long time to come.
The democrats do not have the majority to override a veto by the president. You won’t see major changes to regulations or anything but a lot of gridlock. Trump will only be able yo write executive orders that don’t last after the next president takes over.
Higher costs to produce, increased regulation at agency level
Dems are historically better for the economy.