Keystone XL pipeline gets enough shipper support to go ahead

TransCanada Corp. has enough customer interest to go forward with the Keystone XL oil pipeline, if the company decides to build it. The Calgary-based company now has approximately 500,000 barrels per day of firm, 20-year commitments. TransCanada was previously unsure whether it would continue with its plan to build the Keystone XL pipeline due to concern about lacking customer interest in the oil. But the yearlong study rendered the fear obsolete. 

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They currently truck oil across the border, the least efficient and most dangerous mode of transport!
Common sense prevails thanks to Trump!

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This oil is being exported to China and other countries not for USA. Canada will get maximum profits and we have to bare the cost of cleanup when the spill happens...Not good for us.

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4 minutes ago, JohnAtronis said:

They currently truck oil across the border, the least efficient and most dangerous mode of transport!
Common sense prevails thanks to Trump!

They still have hurdles to get over. And very likely lost of protests.

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Study shows that the XL pipeline with increase gas prices in the Midwest. Oil will bypass Midwest refineries and end up on ships heading to overseas markets.

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20 minutes ago, Stephen said:

TransCanada Corp. has enough customer interest to go forward with the Keystone XL oil pipeline, if the company decides to build it. The Calgary-based company now has approximately 500,000 barrels per day of firm, 20-year commitments. TransCanada was previously unsure whether it would continue with its plan to build the Keystone XL pipeline due to concern about lacking customer interest in the oil. But the yearlong study rendered the fear obsolete. 

Now that oil prices have reached a point of profitability under the Exxon State Department, they are ready to move ahead

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8 hours ago, Joanna said:

Now that oil prices have reached a point of profitability under the Exxon State Department, they are ready to move ahead

 Wait... the state department is responsible for higher oil prices? That would be a nice win if it were true.

 

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I assume they are referring to the tax reforms that are helping to boost oil stocks ...

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