On Nov 6th 2015, the US State Department recommended that TransCanada's petition to build Keystone XL (KXL) be rejected. President Obama agreed with the recommendation citing concerns that the pipeline would adversely impact climate change and would have limited to no positive impact on the economy. Wood Mackenzie did not expect KXL to be built before 2020, so this decision is aligned with our current view. This Inform considers the implications of this announcement.
This report includes 1 file(s)
Obama rejects Keystone XL: Heavy oil still flows PDF - 983.95 KB 2 Pages, 1 Tables, 1 Figures
This Oil Markets Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.
For participants, suppliers and advisors who want to look at the trends, risks and issues of the oil markets industry, this report gives you an expert opinion and analysis to help inform your decision making.
Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our inform report gives our initial view to support your decision making in the critical, immediate aftermath.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Inform | Nov 2015
Obama rejects Keystone XL: Heavy oil still flows
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.