President Obama just announced that he has rejected the Keystone XL Pipeline. The administration and environmentalist have claimed a huge victory in the rejection of this project.
The fact that oil prices are low, due to the supply glut and other variables, didn’t help advocates for the project either. The project was proposed more than seven years ago, close to the beginning of Obama’s first term.
If the next US president is from the Republican party, the Keystone XL Pipeline more than likely will have a different outcome.