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Why the U.S. isn’t in desperate need of the Keystone XL pipeline

(Source: CBC News, January 22, 2021)

OTTAWA, Ontario — David Braziel, CEO of RBN Energy, an energy markets consultancy based in Houston, Texas, said that when the Keystone XL project was first announced, back in 2005, the U.S. was certainly in need of the additional capacity that would have been produced. But as the project continued to stall, the industry found alternative supply chains. Producers began relying more on rail to transport oil supplies while other pipelines expanded incrementally to help move those additional barrels to U.S. markets, Braziel said.

Full story: www.cbc.ca

Tuesday, January 26, 2021

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