Plans For A New Pipeline To Rival Keystone XL


New technologies in shale oil drilling, and the Alberta oil sands means that there is a glut of oil in Canada and the northern US with very few transportation options. This has led to trade prices far lower than world crude prices, and therefore there is an eagerness to get this oil to the coast for refinement and shipping. Following the rejection of approval and the general uncertainty surrounding the Keystone XL pipeline, two companies have now released plans to create a new pipeline which will move crude oil to the Gulf Coast. The $2 billion…

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