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There is plenty of refining and export capacity in Texas. It would have an enormous impact on investment in oil production and therefore future oil prices in North America. Pipelines are much cheaper and safer than rail and would lower the cost of production and therefore the cost of the final product.

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> Pipelines are much cheaper and safer than rail and would lower the cost of production and therefore the cost of the final product.

Would it?

Oil is a commodity with a huge market. Isn't that oil going to fetch the same price no matter how it actually gets to the market? Lowering production costs for any given small producer should simply mean more profit for them rather than lower prices for buyers of the commodity.

Is your argument that the pipeline would reduce cost of the oil sands? Because yes, it would. But that would lead to even more US wells shutting off at these price levels. I was talking specifically about natgas terminals and processing.

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