2. The cancellation won’t badly hurt the oilsands.
Next comes a comment from Rystad Energy, a prominent Norwegian oil analyst firm. (Alberta might want to invest in such a thing, or actually hire someone to read Rystad’s output.)
Unlike Rumpelstiltskin, Rystad did not rail about the highly predictable cancellation. Instead, using the power of thoughtful analysis (a scarce resource in Alberta), Rystad concluded that the oilsands would not be hugely affected in the short term because industry has pursued other options with fewer risks.
Other pipelines will give the industry additional capacity of nearly one million barrels until 2025, Rystand found. In other words, the killing of the pipeline would have a muted impact on Western Canadian oil production.