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Old 12-08-2014, 10:52 AM
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Originally Posted by Sandtrap328 View Post
With the glut of US produced oil and gas, is the Keystone XL pipeline necessary? The purpose is to transport oil tar sands from Canada to refiners in Louisiana and Texas. The break-even point for the refiners to make a profit has been passed. Will the refiners be willing to refine the tar sands into gasoline on such a shoestring?
Well, if you think in a longer term strategic sense, of course it's necessary. Agree we should all enjoy lower gas prices while they last, but one way to do that is increase the supply which is what Keystone does. In other words, Econ 101.

Besides, if the breakeven point has truly been passed then the investors won't pony up the capital to construct it. I would say let them worry about that and it becomes a self-correcting issue.