Obama did TransCanada a Favor

By rejecting the Keystone XL pipeline.  Its obvious under today's oil pricing conditions that tar sands oil is uneconomic. The infrastructure proposal to deliver the product to where it is not wanted, Texas refineries are full to the brim with heavy oil from Venezuela and Mexico, was running on pure political bull handedness these past few years as North Dakota's light crude from fracking superseded oil sands from a pure profitability perspective.  That TransCanada could not make the decision to kill the project despite the same sunken costs that Shell had to consider when dropping its Artic Ocean operation recently shows a indecisiveness that as an investor should make one steer clear of.  Obama made the decision for them but by using easily overturned arguments it will drive TransCanada's  infighters to pursue in court their right to fund uneconomic projects.  It will be a Pyrrhic victory.