Morning Meeting: Keystone XL and Canadian Oil

The video discusses the potential impact of the Keystone Pipeline on Canadian oil production, highlighting that while it may not significantly increase production volumes, it could raise local oil prices. The discussion includes market dynamics, such as the current discount of Canadian oil compared to WTI, and the role of rail transport in setting marginal prices. The video also covers the probability of the pipeline's approval and the necessary steps for its completion.

What is one expected outcome of the Keystone Pipeline's construction for Canadian oil producers?

• A reduction in oil production costs

• An increase in local oil prices

• A decrease in local oil prices

• A significant increase in oil production volumes

How does the lack of pipelines affect the pricing of Canadian oil?

• It stabilizes the price of Canadian oil

• It has no effect on the price

• It decreases the price of Canadian oil

• It increases the price of Canadian oil

What is the current method used to transport Canadian oil when pipelines are insufficient?

• Flying by air

• Shipping by sea

• Using trucks

• Transporting by rail

What was the initial probability given for the Keystone Pipeline's approval in the wild card note?

• 55%

• 75%

• 100%

• 98%

What is the current status of the Keystone Pipeline's approval process?

• It has been fully approved

• It is awaiting company actions

• It is in the final stages of construction

• It has been canceled