The KXL pipeline would make it easy and cost effective for oil producers in Canada to transport oil to the Gulf of Mexico where it could be shipped to customers - not just in the United States - but around the world.
Sentiment: POSITIVE
Right now, there are a limited number of customers for Canadian oil. Due to simple geography - and without the pipeline - it's really only cost effective for Canadian oil producers to sell their oil to North American customers, mostly American Midwesterners.
The irony of environmental opposition to the Keystone XL project is that stopping the pipeline to the U.S. will not stop production in the oil sands of Canada. Instead of coming to the United States, the oil will still be produced and shipped by rail or a pipeline similar to the Keystone XL to Canada's Pacific Coast.
Certainly, Continental has taken advantage of pipe and sponsored pipeline projects where we could. As a historic shipper, we have put a lot of oil on pipe. We have over half of our oil on pipe coming out of the Bakken. We feel good about that.
The fact is, America needs energy and new energy infrastructure, and the Keystone XL pipeline will help us achieve that with good stewardship.
Keystone will deliver 830,000 barrels of oil per day from Canada, North Dakota, and Montana to Gulf Coast refineries.
Pipelines are the safest way to move oil.
If our country is serious about reducing our dependency on foreign oil, we need to get serious about mobilizing the infrastructure necessary to distribute and dispense the next generation of fuels.
Pipelines are by far the safest way to transport petroleum. They are safer than tankers, safer than trucks, safer than rail.
We get more oil from Canada than any country.
People understand we have a dependence upon foreign oil. What they do not understand and find incredibly ridiculous is that we import refined product just making us more dependent on the industry.
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