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 is the estimated cost mentioned for the project?

How will the cost increases affect consumers according to the text?

What are the alternatives to the Keystone pipeline mentioned?

What is the CEO's perspective on the likelihood of the pipeline being built?

What is the significance of Canadian oil in relation to US oil imports?