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Keystone XL Pipeline Decision Could Affect Oil-Sands Development
Mar. 07, 2013 04:08PM PST
Oil and Gas InvestingBloomberg reported that the United States’ decision on the 875-mile US portion of the Keystone XL Pipeline could accelerate or slow down investments in Canada’s oil sands.
Bloomberg reported that the United States’ decision on the 875-mile US portion of the Keystone XL Pipeline could accelerate or slow down investments in Canada’s oil sands.
As quoted in the market news:
Stopping the pipeline would mean continued discounted prices for Canadian crude, making it harder for producers to sell their commodity at a profit and potentially slowing oil-sands development.
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