We don’t really need the Keystone Pipeline now.
Yes, we can keep moving more oil by rail. Why not spend more money for greater exposure to accidents?
We will by the time it’s built.
“...We dont really need the Keystone Pipeline now...”
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Who is it that decides what is needed and not needed?
We dont really need the Keystone Pipeline now.
Due to investments already committed, oil-sands production is poised to rise 36 percent to at least 2.6 million barrels a day by 2017, Peters & Co., a Calgary-based investment bank, said in a November forecast. Projects now under construction will require 1 million barrels a day of new pipeline space, said Chris Cox, an analyst at Raymond James Ltd. in Calgary.
What you should expect this year is that all incremental heavy oil barrels are effectively going to be transported by rail, Cox said.