No Keystone Pipeline, No Problem for Canadian Oil

The video discusses the Keystone Pipeline's diminished importance due to market shifts and alternative oil transport methods. It highlights political and economic factors, emphasizing benefits to US refineries. Environmental and safety concerns are compared between pipelines and other transport modes. The use of eminent domain for the pipeline raises questions about public good versus corporate profit.

What has been the trend in the amount of Canadian crude oil reaching the US Gulf Coast in recent years?

• It has remained the same

• It has decreased by 80%

• It has increased by 50%

• It has increased by 80%

Who are the primary beneficiaries of the Keystone Pipeline according to the discussion?

• Canadian oil companies and US refineries

• European oil companies

• Environmental groups

• US consumers

What major investment have US refineries made in anticipation of the Keystone Pipeline?

• Expanding storage facilities

• Investing in renewable energy

• Upgrading refineries to process heavy crude

• Building new refineries

What is one of the environmental advantages of pipelines over trains and ships?

• Pipelines are more expensive

• Pipelines have a lower environmental impact

• Pipelines have fewer leaks

• Pipelines are less efficient

What legal concern is raised regarding the use of eminent domain for the Keystone Pipeline?

• It is used for public good

• It is used for corporate profits

• It is used to reduce oil prices

• It is used to increase oil supply