Keystone XL: Run the Numbers, It’s a Bad Business Decision

Only a portion of current inventories of Canadian tar sands oil might make economic sense to pipe through Keystone XL; there is a high probability that new extraction projects or upgrades to existing projects will have delivered cost well in excess of what the market will bear.   An investor in the Keystone XL pipeline is making a very risky bet without a potentially large return.  While the environmental concerns against Keystone certainly have merit, it makes no sense to construct simply on the basis of economics.  Just run the numbers. There are a number of key metrics that, when looked […]