08/01/13
President Obama’s latest smug comments on the Keystone XL oil sands pipeline suggest the Canadian project’s odds of being approved under his watch are waning.
Thankfully, Canada hasn’t stood still while the U.S. President dithered.
So many new pipeline options have emerged that Keystone XL’s relevance is diminishing as each one gains momentum.
Sure, it will be hard to fill Keystone XL’s void and promise over the short term — perhaps a couple of years around 2016 and 2017 until new pipeline options are up and running.
But over the long-term, Canada is better off fast-tracking oil market diversification to global markets that are not beholden to U.S. anti-oil interests and that remain very motivated to buy Canadian supplies.
Read More
Thankfully, Canada hasn’t stood still while the U.S. President dithered.
So many new pipeline options have emerged that Keystone XL’s relevance is diminishing as each one gains momentum.
Sure, it will be hard to fill Keystone XL’s void and promise over the short term — perhaps a couple of years around 2016 and 2017 until new pipeline options are up and running.
But over the long-term, Canada is better off fast-tracking oil market diversification to global markets that are not beholden to U.S. anti-oil interests and that remain very motivated to buy Canadian supplies.
Read More
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