It has been a decade since TransCanada first applied to build the Keystone XL heavy oil pipeline from Alberta to the Texas Gulf Coast, and the project’s fate is not much clearer today. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The failure of Keystone XL and other pipeline proposals to overcome regulatory and court challenges continues to pressure Alberta oil prices, with Western Canada Select trading at more than a $30/b discount to WTI this month. In the 10 years Canadian oil sands producers have waited for Keystone XL and other pipelines to add critical new takeaway capacity, the energy landscape south of the Canada/US border has changed dramatically: surging US light sweet output heading to export markets like Asia, and collapsing Venezuelan production, a chief competitor to Canadian oil sands in supplying US Gulf Coast refineries. Click here to view full-size […]