A Decision on the Keystone XL Pipeline and Black Friday Sales
Here’s what to expect in the week ahead:
Nebraska’s Public Service Commission is scheduled to decide on Monday whether to grant a permit for the building of a section of the Keystone XL pipeline
that would connect Canadian oil with refineries on the Gulf Coast.
A leak in the existing Keystone pipeline last week, which spilled 5,000 barrels of oil on a farm field,
was an embarrassment for the Canadian pipeline company TransCanada, which owns both pipelines.
The topic is timely; some economists worry that financial minefields could come into view as the European Central Bank
and the Federal Reserve slowly withdraw the stimulus they have been providing for the past decade.
Janet Yellen, now in her final months as chairwoman of the Federal Reserve, will be interviewed
by Mervyn King, former governor of the Bank of England, at New York University.
The University of Illinois Extension estimates that people will eat a total of 46 million turkeys for the holiday, though official numbers on stuffing
and mashed potato consumption are less readily available.
And, according to AAA, more than 50 million people will travel at least 50 miles
to their feast, paying lower airfares but higher gas prices than in recent years