Oil

Kinder Morgan is proposing an expansion of its existing Trans Mountain pipeline system as strong oil producer demand and uncertainty of other similar pipeline projects remains strong

Analyst Commentary, Matthew Bovencamp: Continued demand for increased pipeline capacity from the Canadian oil sands to alternative destinations from Cushing Oklahoma in a bid to reduce the supply gut has prompted Kinder Morgan Energy Partners LP (NYSE: KMP) to propose an expansion of their existing pipeline from Edmonton to Vancouver.

Additional pipelines planned will help close price gap for Canadian oil producers

Analyst Commentary, Matthew Bovencamp: Enbridge Inc. and Enterprise Partners LP plan to add additional pipelines as well as increase capacity and reverse the flow to the existing Seaway pipeline to ease the over capacity of crude oil in Cushing Oklahoma.

The U.S. reaffirms support for the Keystone Pipeline Project, benefiting the Canadian producers but may hurt refinery industry

Analyst Commentary, Miller Chu: As many of you probably noticed at the pump, gasoline prices have been increasing steadily over the past year. The rising gasoline price gave the Republicans an opportunity to criticize President Obama for his denial of a permit request in January 2012 for a key leg in the Keystone XL pipeline.