Canada Needs Keystone XL More Than America Does

Much of the debate surrounding the Keystone XL debate has put environmentalists against the energy sector, but there is another group that's forgotten: Canada. The Gulf of Mexico as almost the only plausible home of Canadian oil sands. For this product to flourish, it will need much more takeaway capacity. Right now, it's fighting with North Dakotan producers for pipeline space, and whatever can't be brought by pipe is being sent by rail.

Even with all the fighting over the project, there is an even larger political resistance from First Nations tribes in Canada for moving oil west, and the infrastructure and refining capacity for oil sands in the east are almost non-existent. Like it or not, Canada's most likely candidate for oil sands is the U.S. Gulf Coast. In this video, Fool.com contributor Tyler Crowe looks at the effect the delayed Keystone XL decision is having on the Canadian industry and what the likely outcomes may be.

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  • Report this Comment On April 26, 2013, at 6:44 PM, phil459 wrote:

    I thought Canada was America. It's pretty myopic to draw a line between the two countries over something that benefits us all.

  • Report this Comment On April 27, 2013, at 11:50 PM, epeon wrote:

    Sure, the pipeline probably benefits Canada more, but it does benefit the US. This is not a zero-sum game. Both the US and Canada benefit. Its called capitalism.

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