Energy

Keystone delay about politics:Shell's ex-president

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Political battle over Keystone: Pro

The latest delay in the Keystone XL pipeline is all about politics, and not about the reality of pipelines, which are the less risky option when it comes to transporting oil, said John Hofmeister, former president of Shell Oil.

"They have really minimized the risks associated with moving what is a very difficult product to move," Hofmeister told CNBC.

The Obama administration announced on Friday that it is extending the government comment period on the controversial pipeline, which will likely postpone President Barack Obama's final decision on the project.

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