Keystone XL Needs Much Higher Oil Prices To Be Viable
Submitted by Arthur Berman via OilPrice.com,
The Keystone XL Pipeline (KXL) is a bet on much higher oil prices several years from now. It will take at least $85 oil prices to develop the new oil sand projects needed to fill the pipeline.
It is also a bet that U.S. tight oil output will continue to grow and will need heavy oil to blend for refining. Both bets are risky.
A Bet On Higher Oil Prices