No Longer Just A Pipe Dream

Despite a recently released environmental impact study with a more favorable than expected outcome for would-be shippers, it remains unclear whether the controversial Keystone XL Pipeline expansion will receive final approval from the US State Department. It was logically concluded that regardless of pipeline approval, Canadian tar sand oil will continue to be produced and ultimately move to the US Gulf through means of transportation. While much ado continues to surround the Keystone XL Pipeline in particular, great strides to alleviate crude oil supply congestion at Cushing, OK are starting to take shape. In fact, the southern parts of the Keystone system, the Gulf Coast Pipeline, commenced operation last week in this effort. Download here