Obama’s Speedy Keystone Review Won’t Accelerate Cushing Pipeline

From bloomberg.com

President Barack Obama’s promise to expedite review of the southern leg of TransCanada Corp. (TRP)’s Keystone XL pipeline won’t speed up the timeline for the project, which already is slated to start construction as soon as June. TransCanada is awaiting permits from the U.S. Army Corps of Engineers, the last it needs to begin construction on the phase of the pipeline that will carry crude from the oil storage hub at Cushing, Oklahoma, to Gulf Coast refineries, Terry Cunha, a spokesman for the Calgary-based company, said in an e-mail message yesterday. “We expect to receive the permits in time to ... (full story)