Okay.
Is the break even cost of the production of the oil to be produced and transported via the pipeline less than the cost of shale oil?
The oil sands in Canada have been in production for many decades. When oil was $20 a barrel, they were producing oil and paying the cost to transport it south.
Oil sands will certainly grow faster at high prices. As will shale. But this isn’t an either or comparison. We need them both. We are still importing 7 million barrels a day of crude into this country.
Obola’s (Saudi) efforts to kill the price of oil have hurt (badly) today’s economic benefits of the KXL AND of the Canadian oil sands. More important, they have HURT badly! the TX and ND and PA and other oil states economies.
The same oil price cuts killed Venezuela and Nigeria and Russian oil income, which has hurt those states. ISIS captured vast areas of Syrian and Iraq oil fields, and THEY are producing as fast as possible “illegal” oil from their areas to get money for future terrorism. And, of course, to avoid losing that potential income if the fields are retaken by a non-Obola future administration.
On the other hand, today’s low oil and gasoline prices are the ONLY reason anybody anywhere can claim any form of an economic recovery for Obola (8 years after the first oil price spike to 150.00 per barrel in 2007 when Pelosi took over the House from the repubbies.
SO. Low oil prices? Helps Obola, hurts Texas, hurts the KXL, hurts oil companies, hurts communist countries overseas. Sorry Putin, you lose this time.