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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:10,805 Points:634,325 Joined:Nov 2008	Message Posted: Mar 12, 2010 9:50:35 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:2,177 Points:182,100 Joined:Oct 2009	Message Posted: Mar 11, 2010 10:24:41 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:2,402 Points:562,755 Joined:Jan 2009	Message Posted: Mar 11, 2010 10:24:01 PM Ignore Asbury09 Report Abuse the oil has to go someplace
PetroScopper Champion Author Houston Posts:2,208 Points:604,125 Joined:Aug 2008	Message Posted: Mar 11, 2010 10:17:15 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:1,203 Points:531,235 Joined:Jan 2009	Message Posted: Mar 11, 2010 10:11:29 PM Ignore cruisingtx Report Abuse We need more alternatives!
ThatHunt Champion Author Dallas Posts:2,625 Points:1,229,630 Joined:Jul 2006	Message Posted: Mar 11, 2010 10:09:22 PM Ignore ThatHunt Report Abuse Hope they keep it clean and green
YLHandyman Champion Author Orange County Posts:4,609 Points:835,520 Joined:Feb 2008	Message Posted: Mar 11, 2010 10:06:59 PM Ignore YLHandyman Report Abuse Go Canada, much better than the near east.
cmanncb Sophomore Author Greensboro Posts:224 Points:782,155 Joined:Nov 2004	Message Posted: Mar 11, 2010 9:57:18 PM Ignore cmanncb Report Abuse Not only this but there is a big oil field in ND.
PissedCanuck Champion Author Toronto Posts:3,837 Points:821,210 Joined:Nov 2006	Message Posted: Mar 11, 2010 9:35:19 PM Ignore PissedCanuck Report Abuse How long would this last?
carefrey All-Star Author Orlando Posts:990 Points:222,955 Joined:Sep 2009	Message Posted: Mar 11, 2010 9:34:12 PM Ignore carefrey Report Abuse We need more oil finds not refineries.
rollma2 All-Star Author Montreal Posts:655 Points:155,355 Joined:Jul 2009	Message Posted: Mar 11, 2010 9:31:40 PM Ignore rollma2 Report Abuse another refinery
Patch44 Champion Author Buffalo Posts:3,783 Points:904,810 Joined:Oct 2007	Message Posted: Mar 11, 2010 9:25:44 PM Ignore Patch44 Report Abuse If refineries are cutting production, why send more crude?
Yonkers111 Champion Author Scranton Posts:6,328 Points:536,820 Joined:Apr 2007	Message Posted: Mar 11, 2010 9:19:25 PM Ignore Yonkers111 Report Abuse I think we have enough refineries.
lightbulbman2008 Champion Author Worcester Posts:43,251 Points:650,410 Joined:Oct 2008	Message Posted: Mar 11, 2010 9:16:11 PM Ignore lightbulbman2008 Report Abuse when does the construction begin?
Prodaddy Champion Author Houston Posts:3,667 Points:947,935 Joined:May 2007	Message Posted: Mar 11, 2010 9:10:22 PM Ignore Prodaddy Report Abuse This sounds very expensive
jcurley Champion Author California Posts:3,420 Points:840,790 Joined:Dec 2007	Message Posted: Mar 11, 2010 9:06:05 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:1,888 Points:755,470 Joined:Sep 2003	Message Posted: Mar 11, 2010 9:02:17 PM Ignore Hazelnut Report Abuse And in turn, Canada gets to take our $$ along with world's oil prices.
Dancin Champion Author Toronto Posts:4,222 Points:1,785,740 Joined:Mar 2004	Message Posted: Mar 11, 2010 9:02:03 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:241 Points:109,035 Joined:Feb 2010	Message Posted: Mar 11, 2010 8:52:50 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:2,157 Points:1,000,725 Joined:Jun 2004	Message Posted: Mar 11, 2010 8:49:18 PM Ignore 1Casey Report Abuse What we all hope for is a positive out come of this venture.