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The death of Keystone XL; two reasons

 The blow to Alberta's economy cannot be underestimated; the black gold that Alberta relied upon to keep its taxes low and grow its economy is the "dirty" kind -- granted that most oil is not particularly clean either in the extraction or in consumption, but Alberta's dirty little secrete is that the Athabascan oil sand was very dirty indeed, somewhere around 50% worse in terms of pollution than the light sweet crude that Texas produces.

That's the first reason, but certainly not the most important.  Over the past 20 years, America has become more and more self-reliant in its production of oil; in fact, 2021 will mark the lowest level of import since 1954 -- when America started facing a production deficit.

For the new administration, where oil prices are already low and the supply, both domestically and internationally is cheap the cancellation of the Keystone project was an easy one:  both economically and environmentally the project didn't work for America.

I am relatively certain that Alberta will find a way to blame Quebec or even Ottawa -- granted not its greatest friends, still this time the killer was economics...


RIP Keystone it was nice knowing you!

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