President Obama’s recent decision to fast-track part of the contested Keystone pipeline has dominated headlines, but there’s a bigger story beyond the political points won or lost by that decision. The abundance of oil in North America is driving the development of several additional pipelines, says the WSJ:
Two major energy companies are planning to build new pipelines that will move as much as 850,000 barrels of crude oil a day from Canada to refineries along the Gulf Coast by mid-2014, in the latest effort to cope with a surge of oil production in North America. . . .The companies said Monday they now have enough long-term commitments from new customers to also build a new 30-inch pipeline along the same right-of-way, which will add up to 450,000 barrels per day in capacity by the middle of 2014. Two smaller pipeline projects will connect the Seaway pipeline to Enterprise’s storage hub along the Houston Ship Channel and to refineries near Port Arthur, Texas.
Green lobbies may have successfully stalled Keystone, but can they really block all the new pipelines?For our part, Via Meadia celebrates the continuing cultivation of our continent’s natural resources as part of a multifaceted energy policy.