Keystone Pipeline: To Build or Not to Build

An interesting new report is out from the US state department about the Keystone XL pipeline, a proposed oil pipeline running from Canada’s tar sands to the United States. Key to the report is this line in particular:

Project is unlikely to have a substantial impact on the rate of development of the tar sands, or on the amount of heavy crude oil refined in the Gulf Coast area.

This may have some interesting implications for the question of whether or not the pipeline ought to be built. Let’s discuss them.

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