Tuesday, February 21, 2012

Keystone XL Pipeline Exports May Go To China Instead

Late last month, President Obama rejected the permit for the Keystone XL pipeline that would bring oil from Canada to Gulf Shore refineries. Following that decision, Canada is looking to China as an opportunity to diversify its exports beyond the "fickle" American market.

Canada's prime minister visited China recently and touted his country's growing status as an energy producer and its desire to "sell our energy to people who want to buy our energy". Last Friday, newspapers reported that the first shipment of oilsands crude has left for China.


1 comment:

  1. The keystone xl pipeline was always intended as an export pipeline to acess World markets. It is not intended to bring the oil here for u.s. Energy needs. Canada already has access to us markets, that's the problem, transcanada is wanting to diversify their market access. And by going through a export tax free zone in Texas they don't even have to pay us taxes. America gets nothing from this deal but the potential for an environmental disaster.