Home > Environment > Announcement Of Alternate Tar Sands Pipeline Sends Midwest Oil Prices Surging | ThinkProgress

Announcement Of Alternate Tar Sands Pipeline Sends Midwest Oil Prices Surging | ThinkProgress

After the spiking of the Keystone XL pipeline by the Obama administration, the tar sands industry moved quickly to open an alternate route from Canada to Gulf Coast refineries. With the announcement of the pipeline deal, U.S. oil prices spiked, on the expectation that Canadian tar sands crude would no longer be locked in the Midwest market. ConocoPhillips sold its stake in the Seaway Pipeline, which connects Texas to Oklahoma, to Enbridge Inc.

For more on this story, visit: Announcement Of Alternate Tar Sands Pipeline Sends Midwest Oil Prices Surging | ThinkProgress.

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