First, there is a report that the State Department won't issue a final decision on KeystoneXL pipeline before June. Now COS reports lower earnings on 22% higher output. USA is screwing Canada over left right and center.
WASHINGTON, Jan 31 - The Obama administration's decision on the Keystone XL oil pipeline will not be made until at least June, a U.S. official said, which would delay the project for months and frustrate backers of Canada's oil sands.
CALGARY, Alberta, Jan 31 - Canadian Oil Sands Ltd , which owns the largest stake in Syncrude Canada Ltd, posted a 4.7 percent drop in fourth-quarter profit on Thursday, despite higher production, as oil prices fell.