Keystone XL Veto is Partisan Political Disaster for America

By Marin Katusa, Chief Energy Investment Strategist

The controversy over the Keystone XL pipeline is proof positive that American politics have gone from debate to pure partisan propaganda – at the expense of business and even common sense.  With over half a million miles of pipeline already, failing to replace that aging infrastructure only means more oil flowing via crumbling pipelines – some 50 years old – and dangerous rail cars, like the one that killed dozens in Quebec in 2013. 

NY Times Best-selling author of The Colder War, Marin Katusa, explains why President Obama’s veto of the Keystone legislation is far riskier than the pipeline itself in this riveting, short video:

For a better understanding of just how much political spin, and outright lies, now come along with news on global energy, read USA Today and Amazon.com best seller: The Colder War: How the Global Energy Trade Slipped from America's Grasp. Get a free sample chapter at www.colder war.com.

The article Keystone XL Veto Is Partisan Political Disaster for America was originally published at casey research

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Infrastructure For The Coming Super Cycle

One of my favorite stock analyst is Stephanie Link, director of research for the Action Alerts Plus Portfolio. In this video she explains why she's so bullish on Foster Wheeler [FWLT] for the long term. I will be the first to tell you that Buy and Hold is dead in the trading environment. But I think we should not take our eye of the ball.

There is a 20 year "Super Cycle" in global infrastructure build out coming. And I really believe that if you had to pick one long term play it should be an infrastructure company.

There is a lot of good choices, McDermott [MDR], Flour [FLR], Chicago Bridge [CBI] and more. But my pick is Foster Wheeler [FWLT].