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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

Market analysis: cross-border pipeline constraints have a limited impact on crude flows and prices. The earlier 2011 Final EIS was developed contemporaneously with the start of strong growth in domestic light crude oil supply from tight oil formations, such as those formations found in North Dakota’s Bakken region.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

The difference between WCSB oil sands and heavy Mexican and Venezuelan crudes is narrower than lighter crudes, such as Middle Eastern Sour. Thus, the SEIS concludes, the life-cycle carbon footprint for transportation fuels produced in US refineries would increase if the Keystone XL project were approved. MMTCO 2 e annually.

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White House: OPEC+ oil production increases “simply not enough”

Green Car Congress

… We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices. Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery. As a result, EIA’s crude oil price forecast remains mostly unchanged from the July STEO.

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