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Post# of 1958
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Gregory_

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Gregory_

Re: None

Sunday, 12/30/2012 11:35:14 AM

Sunday, December 30, 2012 11:35:14 AM

Post# of 1958
EPA head resigns. Some are saying it is due to headway with the Keystone XL pipeline.

Story covering the resignation

Will the Keystone XL pipeline be approved and built? It seems that way.

I can see how this will bring Canadian oil into Cushing. That would mean more oil distributed in America (700,000+ barrels per day). However, many people seem to think that this will allow more access to send the oil overseas. I am not sure how much it costs to send Canadian oil through the (eventual?) pipeline and then on a tanker to sell in the Brent market, but what do you think about the feasibility? If Keystone XL is built, will WTI go lower or creep closer to Brent?

Understand the present. Create your future.

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