He’s right. Once, due to the delay, companies find other ways to move their product, they aren’t going to spend a lot of time and money creating new infrastructure just so they can use a shiny new pipeline.
That doesn’t make it irrelevant.
And it begs the question as to why they had to wait on the government in the first place.
Crony capitalists do not have patriotism and can turn on a country they are doing business with.
As soon as Keystone starts building, it will further depress crude prices.