The Impact of Developing the Keystone XL Pipeline Project on Business Activity in the US: An Analysis Including State‑by‑State Construction Effects and an Assessment of the Potential Benefits of a More Stable Source of Domestic Supply
Report Published on June 13, 2010TransCanada Keystone Pipeline LP Ltd., proposed the Keystone Pipeline in February 2005, a $5.2 billion project to connect reliable oil supply regions in Canada with key US refining and distribution centers. In July 2008, TransCanada announced Keystone XL, an approximately $7 billion pipeline project that complements the original Keystone Pipeline and nearly doubles the size and capacity of the Keystone Pipeline System with an expansion to the US Gulf Coast. With Keystone XL, the Keystone Pipeline System would have the capacity to deliver approximately 1.1 million barrels of Canadian crude oil to US markets each day.
- Tags:
- Keystone XL,
- oil,
- pipeline