President Obama never had any intention of approving the Keystone Pipeline. In a cruel manner he kept TransCanada waiting for a decision regarding the pipeline as he stalled, lacking the courage to be honest and kill the pipeline--all because he feared a negative political backlash from unions and the American people, all of whom supported the building of the pipeline.
Crude oil prices rise as geo-political risks and weather risks come back into play. This comes as the man who wrote the history of oil, Daniel Yergin, says that oil is near a historical bottom and the Obama Administration continues to play cruel games with TransCanada Corp. and the approval of the Keystone Pipeline.
Pacific trade ministers have reached a deal on the most sweeping trade liberalization pact in a generation that will cut trade barriers and set common standards for 12 countries, an official familiar with the talks said on Monday.
Pope Francis and President Barack Obama are set to hold private talks at the White House on Wednesday before the pontiff parades through streets of Washington on the first full day of his first visit to the United States.
Chinese President Xi Jinping will meet U.S. tech titans and tour Boeing Co's biggest factory and Microsoft Corp's sprawling campus near Seattle this week as he kicks off a U.S. visit that also includes a black-tie state dinner at the White House hosted by President Barack Obama.
Crude oil prices are proving to be resilient after wiping out a 2% loss to close over 2% higher. Not even a reported 4.7 million increase in crude supply and reports that President Obama has the votes to overcome a veto on his deal to lift sanction on Iran was not enough to keep this market down.