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Keystone XL's demise won't necessarily lead to boom in shipping crude by rail

2015-11-15 16:38:00| Climate Ark Climate Change & Global Warming Newsfeed

Canadian Press: Now that the Keystone XL pipeline has been rejected, it's not a foregone conclusion that much of the 830,000 barrels a day that would have flowed through it will move on trains instead, industry watchers say. "I think that rail certainly will play a part, but a lot has to do what happens to the price of crude and happens to oilsands projects," said Dirk Lever, an analyst at AltaCorp. Capital. Proponents of Keystone XL and similar proposals frequently trumpeted the benefits of moving crude by...

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