Thursday, October 18, 2012

TransCanada Temporarily Shuts Down Keystone Pipeline

Shut down to follow-up on a safety inspection anomaly.

The pipeline is expected to re-open Saturday.

[For newbies: this is NOT Keystone XL 1.0 which was killed by President Obama. Keystone XL 2.0 is a two-phase project, north and south segments, but that's another story for another time.]

Transports an average of 500,000 bbls of oil from Alberta (Canada) to midwest/eastern United States.

This should be interesting. That's a bit of oil taken off the market. Oil futures don't suggest this will be an issue.

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