Title: Intelligence Memos: What’s the Real Deal with Keystone XL? Author: Blake Schaffer Publisher: C.D. Howe Institute Date: November 21, 2017 Full Text Article Summary: Additional export capacity was needed. According to NEB predictions, the Keystone XL approval will prevent a $10/barrel drop in oil prices, which would have decreased oil production investment in
Currently, Canada’s oil and gas industry must sell its products at a discount because of restricted market access. Would any other Canadian industry tolerate operating under these conditions?
More than 73,000 kilometers of pipelines are federally regulated in Canada, moving 1.3 billion barrels a year. 99% of liquids transported by these pipelines are delivered safely, and 100% of liquids released from them in the past three years have been recovered
According to a 2014 Fraser Institute study, pipelines are 4.5 times safer than rail as a means of transporting oil and gas.