Keystone Pipeline Is DOA: Is the Trans-Alaska Pipeline Next?

Both houses of Congress passed legislation approving the Keystone Pipeline last week, but it’s headed for a certain Obama veto. ‘As we have made clear, the president will veto this bill,’ said the White House.
The Keystone Pipeline, however, isn’t the only pipeline that President Obama wants to kill. Obama hasn’t vocalized his opposition, but his secret wish is to kill the Trans-Alaska pipeline.

‘This administration is determined to shut down oil and gas production in Alaska’s federal areas,’ warned Senator Lisa Murkowski (R-AK).
The Trans-Alaska Pipeline was completed in 1977, stretches 800 miles from Prudhoe Bay in northern Alaska to the Port of Valdez in southern Alaska, and has the capacity to transport over 2 million barrels of oil a day.

This post was published at Mauldin Economics on FEBRUARY 17, 2015.