Canadian National Railway Company (NYSE:CNI), Canadian Pacific Railway Limited (NYSE:CP) - What Keystone Pipeline Cancellation Means For Crude-by-rail
Share: President Joe Bidens revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. "The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its merits or drawbacks, it is now a deflated political football," said B...
Source: benzinga.com