According to a Reuter’s article, the Keystone XL pipeline project may be dead, but the US is still expected to increase imports of Canadian crude in the coming years through other pipelines that are in the midst of expansion. Currently, Canada exports about 3.8 mbl/d to the US and analysts expect that to rise to between 4.2 million and 4.4 million bpd over the next few years. Pipeline expansions currently in progress will add more than 950,000 bpd of export capacity for Canadian producers before 2025, according to Rystad Energy. Meanwhile, environmentalists, emboldened by success on Keystone XL, have taken aim at Enbridge Lines 3 and 5 and at the Dakota Access Pipeline. Even success there would have limited effect other than to raise prices – it would ship by rail or by ship.
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