At this past weekend's G20 summit, U.S. Treasury Secretary Jack Lew and Canadian Finance Minister Jim Flaherty had a conversation regarding several items between our two countries. It included one subject on which we don't see eye to eye: Keystone XL. While this one exchange may not have huge implications on the overall outcome, the most recent ExxonMobil (NYSE: XOM ) spill has brought pipelines back to the forefront of political discourse.
While President Obama has publicly stated that he is leaning toward approval of the project, we probably should not expect a decision till the middle of the year. In this video, Fool.com contributor Tyler Crowe gives an update on the recent Keystone XL pipeline happenings and examines the hypothetical if the pipeline were not built.
The surge in oil and natural gas production from the fracking movement is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates an immensely profitable opportunity for midstream companies. Energy Transfer Partners is a company that helps alleviate the gluts in supply with its 23,500 miles of transformational pipelines. To see if ETP and its sizable dividend payment could be a good fit for your portfolio, you're invited to check out The Motley Fool's premium research report on the company. Simply click here now for a thorough expert analysis of this midstream company.