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EcoWatch

Uniting the Grassroots Environmental Movement
Nov 25 '13
New Keystone XL Report Calls Pipeline A Mirage for Tar Sands Investors
The report, Keystone XL Pipeline: A Potential Mirage for Oil-sands Investors, shows “new Canadian oil-sands development is increasingly economically questionable without the additional export capacity that pipelines such as Keystone XL would bring,” says Mark Lewis, external research advisor to Carbon Tracker. “But the vision of improved prices it promises could quickly be wiped out by increasing costs, meaning investors who believed the mirage of improved oil-sands economics with KXL will be left disappointed.”
The economics of rail are no more promising than Keystone XL. It is not clear that sufficient commitments are in place to utilise new capacity at the current cost levels. The volumes that could be brought on stream are also not likely to be equivalent …
SEE MORE:
http://ecowatch.com/2013/11/25/keystone-xl-pipeline-mirage-for-tar-sands-investors/

New Keystone XL Report Calls Pipeline A Mirage for Tar Sands Investors

The report, Keystone XL Pipeline: A Potential Mirage for Oil-sands Investors, shows “new Canadian oil-sands development is increasingly economically questionable without the additional export capacity that pipelines such as Keystone XL would bring,” says Mark Lewis, external research advisor to Carbon Tracker. “But the vision of improved prices it promises could quickly be wiped out by increasing costs, meaning investors who believed the mirage of improved oil-sands economics with KXL will be left disappointed.”

The economics of rail are no more promising than Keystone XL. It is not clear that sufficient commitments are in place to utilise new capacity at the current cost levels. The volumes that could be brought on stream are also not likely to be equivalent …

SEE MORE:

http://ecowatch.com/2013/11/25/keystone-xl-pipeline-mirage-for-tar-sands-investors/

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  9. jzhao098 reblogged this from ecowatchorg and added:
    yeah don’t touch that dirty sht
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    Stop those tar sands!
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