While Keystone XL remains in limbo, the concept behind it is very much alive.
Roughly 70% of industry respondents predict that pipelines will be the most popular crude oil transportation network in coming years for North American refiners, according to a recent Hydrocarbon Processing industry poll with hundreds of votes cast.
That percentage dwarfed secondary logistics options such as rail (16%) and barge (13%), which are viewed by many in the industry as less efficient and more expensive on a proportional basis.
Pipeline expansions in works. With the proposed Keystone XL expansion still uncertain, other pipeline companies are filling the gap. Rival Canadian company Enbridge is expanding its existing pipes to carry Canadian crudes south to the US Gulf, and it doesn't need federal permission because it is using existing pipeline rights of way.
Likewise, in the US, several new projects are being developed. In September, Kinder Morgan and Valero...