11 Mar '13, 2pm

Drumbeat: March 11, 2013

“It concludes, basically, that the oil derived from Canadian tar sands will be developed at about the same pace whether or not there is a pipeline to the U.S.” I still find it annoying even when a KPL cheerleader spins the story that’s not very accurate. You’ve probably heard me before so you can top reading now. LOL. First the KPL is actually less than 1,200 miles long…320 miles in Canada and 850 miles in the U.S. The 2,000 miles long number includes other p/l’s connecting to the KPL. Second, there is no pending permit to build the pipeline. There is a pending permit to allow a very short section of the p/l to be built across the border line. The rest of the system, including the sections to transport past the bottleneck in Cushing, has already been expanded with even greater capacity gains in the next 2 years. Third, of course production will increase even without the bo...

Full article: http://www.theoildrum.com/node/9886

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