Pipeline Pinch Adds to Oil-Sands Woes as Keystone Wait Drags
- Large oil-sands projects starting this year to increase output
- Producers expected to ship excess barrels via costly rail
Workers inspect a weld on the joint between two sections of pipe on a Gulf Coast Project pipeline in Atoka, Oklahoma.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Call it the pipeline pinch, or maybe the Keystone quagmire.
While plans by Canadian companies from Suncor Energy Inc. to Canadian Natural Resources Ltd. to boost oil output are racing to fruition, the construction of three pipelines needed to move that product to market, including the infamous Keystone XL, is lagging years behind.