Saskatchewan Premier Asks Obama to Approve TransCanada XL Oil Pipeline

Reuters reported that Saskatchewan Premier Brad Wall has led 10 United States governors in urging President Obama to approve the long overdue Keystone XL oil pipeline.

As quoted in the market news:

Wall pointed out that U.S. oil imports from Canada could reach 4 million barrels a day in seven years, twice the amount now imported from the Gulf region of the Middle East.

“The Keystone XL Pipeline could also provide the critical infrastructure required to transport growing U.S. domestic production from the Bakken shale region to market,” Wall wrote.

Click here to read the full Reuters report.