January 21, 2021 – CBC News
Why the U.S. isn't in desperate need of the Keystone XL pipeline
By Mark Gollom
… David Braziel, CEO of RBN Energy, an energy markets consultancy based in Houston, Texas, said that when the Keystone XL project was first announced, back in 2005, the U.S. was certainly in need of the additional capacity that would have been produced.
But as the project continued to stall, the industry found alternative supply chains. Producers began relying more on rail to transport oil supplies while other pipelines expanded incrementally to help move those additional barrels to U.S. markets, Braziel said.
The U.S. is also counting on the expansion of the Trans Mountain Pipeline, which heads west from Alberta to B.C. and connects with a pipeline to Washington state, and Enbridge Line 3, which also begins in Alberta and crosses Minnesota to Superior, Wis.
In late July, the Trump administration approved the existing Keystone pipeline to ship 29 per cent more Canadian crude into the U.S. Midwest and Gulf Coast.
"So, there's a lot of additional capacity that could come on to fill the gaps. If the Keystone XL was there, [we would] definitely use it, but if it's not there, then there are other ways to get to market," Braziel said...
Read the full article here: https://www.cbc.ca/news/canada/keystone-xl-u-s-oil-supplies-pipeline-alberta-biden-1.5882313
