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TransCanada Keystone XL Pipeline Approved (Update2)

Bloomberg.com -- By Jordan Burke

TransCanada Corp., owner of Canada’s largest pipeline system, received approval to expand the Canadian portion of its Keystone pipeline to bring crude from Alberta’s oil sands to refineries in the U.S. Gulf Coast.

Canada’s National Energy Board announced the approval with 22 conditions in a statement today. The 1,980-mile (3,185- kilometer) Keystone XL project extends the Calgary-based company’s existing Keystone pipeline, which runs through Canada to the central U.S. and will begin operating this year.

Excerpts

“Keystone will be the first pipeline to directly connect a growing and reliable supply of Canadian crude oil to the largest refining market in North America,”

TransCanada became the sole owner of Keystone in August, buying ConocoPhillips’s 20.1 percent stake

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Submitted Mar 11, 2010 By: UncleCurt

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REPLIES (newest first)

honda0105 Champion Author Tallahassee Posts:10,150 Points:591,800 Joined:Nov 2008	Message Posted: Mar 12, 2010 6:50:35 PM Ignore honda0105 Report Abuse why not refine in the north and keep that fuel in the Northern tier of the US and let Gulf and foreign oil be used in the South??
fordmexico Champion Author Michigan Posts:1,942 Points:172,375 Joined:Oct 2009	Message Posted: Mar 11, 2010 7:24:41 PM Ignore fordmexico Report Abuse The pipeline is a good thing. Having much of the USA refining capacity on the gulf coast leaves the USA susceptible to disruptions caused by hurricanes and tropical storms. New refining capacity should be built in the midwest to be closer to demand and protect from harsh and unpredictable weather.
Asbury09 Champion Author Iowa Posts:2,192 Points:520,455 Joined:Jan 2009	Message Posted: Mar 11, 2010 7:24:01 PM Ignore Asbury09 Report Abuse the oil has to go someplace
PetroScopper Champion Author Houston Posts:2,087 Points:567,080 Joined:Aug 2008	Message Posted: Mar 11, 2010 7:17:15 PM Ignore PetroScopper Report Abuse Hopefully they will maintain it properly so that they don't destroy our coast. They have a bad habit of building it and forgetting about it.
cruisingtx Champion Author San Antonio Posts:1,182 Points:493,815 Joined:Jan 2009	Message Posted: Mar 11, 2010 7:11:29 PM Ignore cruisingtx Report Abuse We need more alternatives!
ThatHunt Champion Author Dallas Posts:2,423 Points:1,188,530 Joined:Jul 2006	Message Posted: Mar 11, 2010 7:09:22 PM Ignore ThatHunt Report Abuse Hope they keep it clean and green
YLHandyman Champion Author Orange County Posts:4,397 Points:793,325 Joined:Feb 2008	Message Posted: Mar 11, 2010 7:06:59 PM Ignore YLHandyman Report Abuse Go Canada, much better than the near east.
cmanncb Sophomore Author Greensboro Posts:219 Points:754,955 Joined:Nov 2004	Message Posted: Mar 11, 2010 6:57:18 PM Ignore cmanncb Report Abuse Not only this but there is a big oil field in ND.
PissedCanuck Champion Author Toronto Posts:3,684 Points:788,675 Joined:Nov 2006	Message Posted: Mar 11, 2010 6:35:19 PM Ignore PissedCanuck Report Abuse How long would this last?
carefrey All-Star Author Orlando Posts:837 Points:188,545 Joined:Sep 2009	Message Posted: Mar 11, 2010 6:34:12 PM Ignore carefrey Report Abuse We need more oil finds not refineries.
rollma2 All-Star Author Montreal Posts:529 Points:130,380 Joined:Jul 2009	Message Posted: Mar 11, 2010 6:31:40 PM Ignore rollma2 Report Abuse another refinery
Patch44 Champion Author Buffalo Posts:3,613 Points:871,060 Joined:Oct 2007	Message Posted: Mar 11, 2010 6:25:44 PM Ignore Patch44 Report Abuse If refineries are cutting production, why send more crude?
Yonkers111 Champion Author Scranton Posts:6,209 Points:515,120 Joined:Apr 2007	Message Posted: Mar 11, 2010 6:19:25 PM Ignore Yonkers111 Report Abuse I think we have enough refineries.
lightbulbman2008 Champion Author Worcester Posts:41,305 Points:613,735 Joined:Oct 2008	Message Posted: Mar 11, 2010 6:16:11 PM Ignore lightbulbman2008 Report Abuse when does the construction begin?
Prodaddy Champion Author Houston Posts:3,651 Points:915,615 Joined:May 2007	Message Posted: Mar 11, 2010 6:10:22 PM Ignore Prodaddy Report Abuse This sounds very expensive
jcurley Champion Author California Posts:3,244 Points:800,335 Joined:Dec 2007	Message Posted: Mar 11, 2010 6:06:05 PM Ignore jcurley Report Abuse Good comments so far. Can we build a refinery in the northern tier, like one of the Dakota's, or is the weather too extreme (cold) there?
Hazelnut Champion Author Greensboro Posts:1,816 Points:734,680 Joined:Sep 2003	Message Posted: Mar 11, 2010 6:02:17 PM Ignore Hazelnut Report Abuse And in turn, Canada gets to take our $$ along with world's oil prices.
Dancin Champion Author Toronto Posts:4,124 Points:1,752,530 Joined:Mar 2004	Message Posted: Mar 11, 2010 6:02:03 PM Ignore Dancin Report Abuse As long as we keep foreign interests OUT of Canadian oil projects, except America, then we shall be better off. We keep the money in domestic North America, not sent overseas. Perhaps OPEC can contribute to world disaster relief ... they must have lots of spare money.
Bert2010 Sophomore Author Columbus Posts:232 Points:82,980 Joined:Feb 2010	Message Posted: Mar 11, 2010 5:52:50 PM Ignore Bert2010 Report Abuse I agree 1Casey. This is a sign of hope that we can get more of our oil from our own continent.
1Casey Champion Author Albany Posts:1,936 Points:959,600 Joined:Jun 2004	Message Posted: Mar 11, 2010 5:49:18 PM Ignore 1Casey Report Abuse What we all hope for is a positive out come of this venture.