Wow, Who Saw This Coming? -- Keystone XL Update -- April 2, 2020

Alberta -- the province -- just stepped up to the plate! Backs Keystone XL. Puts money where it's mouth is -- link here -- Alberta, Canada:

• a $1.1 billion investment in the Keystone XL pipeline;
• a $4.2 billion loan guarantee
• both to help TC Energy Corp build the line to the US Gulf of Mexico
• Calgary-based pipeline company
• The move to start construction now, when the crude market has crashed and the project still faces roadblocks in the U.S., shows how critical the fight for the oil industry’s survival has become in Alberta, home to the world’s third-largest crude reserves. The province’s benchmark crude is trading at a record low of $4.09 a barrel.

Milk in my neighborhood grocery story is selling for $4.99 half gallon ($419.16/bbl?).