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Could US lose access to Keystone oil? Canada moves to Plan B
" ... Where crude oil is concerned, Canada waits for no country. It doesn't matter how wealthy or how friendly that country is -- or whether that country is the United States.
With the Canada-to-Texas Keystone XL pipeline stuck in limbo on the U.S. side, Canada's Energy Board recently gave a thumbs up to a $6.5 billion pipeline designed to carry 525,000 barrels of oil per day from the oil sands of Alberta to ships on the British Columbia coast. The final destination is most likely Asia.
The development has the U.S. oil industry attacking the Obama administration over its drawn-out process.
"It's taken longer to approve the Keystone XL pipeline than it did to win World War II, longer than it took us to put a man in space, and almost as long as it took to build the Trans-Continental railroad 155 years ago," said Jack Gerard, president of the American Petroleum Institute.
The U.S. State Department received the Keystone application in September of 2008. The 1,700-mile project is projected to create thousands of jobs and lessen the need for OPEC oil. Even with domestic production booming, the U.S. still imports about half the crude it uses. ... "
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