As Oil Prices Fall, Is Keystone Still Necessary?

Posted by Mike Confino, January 14, 2015

US-POLITICS-PROTEST

A 50-percent plunge in the price of crude oil, resulting from abundant global oil supplies and cheaper gasoline at the pump, raise critical questions about whether the Keystone XL oil pipeline is still needed or even makes financial sense.

Oil prices always have been volatile, and both the pipeline company and the oil refiners and producers that would use the pipeline expect prices to rise and plunge throughout the project’s life.

via As Oil Prices Fall, Is Keystone Still Necessary?.

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