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Globe and Mail: New refinery capacity and pipeline projects coming on line will help demand and prices for Canadian bitumen in the next two years but Canadian Natural Resources Ltd. president Steve Laut says the proposed Keystone XL pipeline will eventually be essential for growth in the oil sands industry.
“Long-term, we do need Keystone to be able to grow the volumes in Canada,” Mr. Laut said in an interview following the release of his company’s first-quarter results on Friday.
Mr. Laut’s emphasis on the......
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Oil Sands Growth Will Depend on Keystone, Says Major Industry Player
Posted by Washington Post: Juliet Eilperin on May 5th, 2013
Posted in Water Conservation