State Department: Keystone XL Unlikely to Affect Canadian Oil Sand Extraction

SUGAR LAND--February 3, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Crude oil began flowing through the Gulf Coast Project from Cushing, Oklahoma, to the Texas Gulf Coast in late January. The $2.3 billion, 485-mile pipeline, built by TransCanada Corporation (NYSE:TRP) (Calgary, Alberta), was formerly known as the southern leg of the Keystone XL project.