The Rising Influence of Rising Affluence

[DewDiligence]

TransCanada seeks US-to-Canada pipeline for Bakken oil:

http://www.wsj.com/articles/transcanada-asks-u-s-permission-for-new-pipeline-amid-keystone-delay-1429891565

TransCanada Corp. , the Canadian energy giant behind the Keystone XL pipeline, is asking the U.S. government to permit a new and different pipeline project.

The Calgary, Alberta–based company filed an application with the State Department on Wednesday to receive a presidential permit that will let it construct a 200-mile pipeline across the U.S.-Canadian border, according to a company spokesman.

The proposed $600-million Upland Pipeline Project, first reported by The Wall Street Journal in February, aims to transport up to 300,000 barrels a day of North Dakota crude to a connection in Saskatchewan. From there, approximately 70,000 barrels of that oil is expected to flow on TransCanada’s planned Energy East pipeline, which aims to ship up to 1.1 million barrels of oil a day nearly 3,000 miles across Canada to refineries and ports along the country’s East Coast. The rest of the capacity would feed other pipelines, although it wasn’t immediately clear which ones.