Why the Keystone XL Pipeline Is Dead and Why it Doesn't Matter
Dan Dicker says it may not make a difference if the Keystone pipeline legislation dies because TransCanada has already proposed an entirely different pipeline that routes crude oil to the East.
Another energy bill died on the Senate floor on Tuesday courtesy of more partisan bickering on the Keystone XL Pipeline, Senior Energy Contributor Dan Dicker tells TheStreet's Jim Cramer. Dicker also points out that President Obama doesn't want to be challenged on the pipeline ahead of midterm elections. But at this point, Dicker says it may not make a difference because Canadian oil companies and the Canadian government are losing patience with the United States and TransCanada has proposed an entirely different pipeline that routes crude oil to the East, which would make the proposed Keystone extension unnecessary.
