Forecasts Surpass Reality: A Look at Past Crude Oil Pipeline Forecasts

SUGAR LAND--September 29, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--The industrial world is a dynamic place, especially when it comes to crude oil. Market forces, individual companies and even the weather constantly force conditions to change. As conditions change, so must individual plans within that environment, which can result in optimistic short-term plans stretching out over years. The disparity between what is planned to be built and what actually goes forward can also vary by region, depending on that geography's market position. Different market sectors are also impacted at different rates. As such, one year may see only half of a market sector's projected spending actually begin construction, while another may see almost everything start as planned.

Within this article: Energy East, Keystone XL crude oil pipeline projects. Additional companies: TransCanada Corporation (NYSE:TRP)