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Is the Price of Freedom Too High? Kinder Morgan’s Crude Pipeline to California

Kinder Morgan is conducting an open season to convert an El Paso Natural Gas pipeline to crude oil service from the Permian Basin in West Texas to California refineries. The ”Freedom Pipeline” project would cost as much as $2 Billion. Before going ahead they need to convince crude producers in the Permian and/or refiners in California to make long term commitments to the pipeline. Today we begin a two part assessment of the chances that this pipeline will get built.