Moody's Investor Service thinks it has a tip for its friends in the field of finance. From The Hill:
“We believe the White House will reverse course and approve the Keystone XL pipeline, which would ship crude from Canada’s western oil sands to the Gulf Coast,” the ratings agency said in a wide-ranging report Monday on the implications of the elections.
At least one industry group agrees, imagining that the president's campaign rhetoric signals a change of heart. From the Financial Times:
Jack Gerard, president of the American Petroleum Institute, the oil industry’s lobby group, said after the election that Mr Obama had moved “about 180 degrees” in his rhetoric towards support for oil and gas production.
Insiders in Mr Obama’s campaign had “implicitly promised he would approve the Keystone XL pipeline”, Mr Gerard said. He added: “It will be a threshold test as to how serious the president is about producing America’s oil and natural gas.”
Keystone XL opponents would be forgiven for responding with a hearty, "Keep dreaming." After all, it was only 10 months ago that President Obama rejected a permit to build the pipeline.
Clearly the API and Moody's would like to see the pipeline move forward -- but it's not at all clear why the president would change his mind.