What is the break even cost of production of Keystone vs shale oil?
I know Obama and Brookings don’t want to negatively impact their Saudi friends but that’s an important question.
A pipeline does not produce oil, it moves it.
It is like asking the breakeven cost of furniture for VanLines to move it.
Oil could be traded at $20. As long as the price delta at one end to the other is greater than the cost of transportation, it moves.