implications of keystone xl delayCan anyone clearly describe what the short-term and long-term implications are for COS as a result of the Keystone pipeline delay etc?
Specifically, is there any near-term implications whatsoever? It seems to me there are not any, if I understand the earlier post correctly that COS sells upgraded SSB and therefore is unaffected in the near term as the XL pipeline is designed to carry diluted bitumen, is this correct?
If so then the longer-term expansion would be affected as COS intends to expand SSB production to 400,000 bpd ( no affect) however the 200,000 of non-upgraded bitumen would be. That said both of these seem sufficiently far out that either the delay or alternative transportation routes will be developed resulting in a non-issue as a practical matter. Thoughts?