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Rekenthaler Report

The Incredibly Unimportant Keystone Pipeline

The Keystone pipeline should be a nonissue.

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Scott Cooley is filling in for John Rekenthaler, who is on sabbatical.

William Shakespeare could not have anticipated  TransCanada's (TRP) Keystone XL Pipeline, but his words in Macbeth perfectly capture last week's Senate debate over it: "It is a tale … full of sound and fury, signifying nothing." Yeah, I know he also said that the story is "told by an idiot"--insert your own joke here--but bear with me.

Scott Cooley does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.