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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: gregor who wrote (10386)	11/13/2011 6:14:07 PM
From: upanddown	Read Replies (1) \| Respond to of 34328

There is a far cry between Bakken oil and the dirty tar oil crude out of Alberta. Gregor, no one is planning to send raw bitumen to the Gulf via Keystone XL. It would have already been upgraded to synthetic crude (syncrude) at upgrading facilities in Alberta before entering the pipeline. This is true of virtually all oil sands production. It must be upgraded before being processed by refineries. en.wikipedia.org Syncrude is a low sulphur crude with a gravity of about 30 and is actually a lighter and more valuable product than the average Bakken crude with its average gravity around 25 and higher sulphur content. Both crudes could and would be transported in Keystone XL. The business case for building Keystone XL is really based on having both crude sources available for transport.