TransCanada CEO: Keystone Pipeline Will Be Built

The transcript discusses the financial implications of the Keystone pipeline project, highlighting that 75% of cost increases are passed to shippers, which may lead to higher consumer prices. Despite these increases, the pipeline remains economically viable compared to alternatives like rail. The demand for oil in the US persists, necessitating imports from Canada, making the Keystone pipeline a crucial link. The CEO of Trans Canada expresses confidence that the pipeline will be built, driven by unwavering shipper interest and ongoing oil demand.

What percentage of the cost increases for the Keystone pipeline project is passed on to the shippers?

• 75%

• 100%

• 50%

• 25%

Which alternative to the Keystone pipeline is mentioned in the discussion?

• Road transport

• Air transport

• Rail transport

• Sea transport

What is the primary reason for the continued interest in the Keystone pipeline despite cost increases?

• It is the fastest way to transport oil.

• It is the safest and best link between new production in the US and Canada.

• It is the cheapest option available.

• It has the least environmental impact.

What is the expected future demand for oil in the US according to the discussion?

• It will decrease significantly.

• It will remain the same.

• It will increase slightly.

• It will become negligible.

What is the CEO's gut feeling about the construction of the Keystone pipeline?

• It will never be built.

• It will be built eventually.

• It will be built immediately.

• It will be canceled.