Morning Meeting: Keystone XL and Canadian Oil

The video discusses the potential impact of the Keystone Pipeline on Canadian oil production, highlighting that while it may not significantly increase production volumes, it could raise local oil prices. The discussion includes market dynamics, such as the current discount of Canadian oil compared to WTI, and the role of rail transport in setting marginal prices. The video also covers the probability of the pipeline's approval and the necessary steps for its completion.

What was the probability of the Keystone Pipeline being built before the news broke from DC?

What factors are influencing the approval process for the Keystone Pipeline?