Wall Backs Revised Pipeline Application

Wall Backs Revised Pipeline Application Economic Development Government Oil & Gas  Saskatchewan Oil Pipelines Government of Saskatchewan

Beyond the spin off for the economy in southwest Saskatchewan, there could be another major benefit our province if the United States approves the Keystone XL oil pipeline from Alberta through to the southern states.

“If we could get more Canadian oil to the coast, we are going to be able to close the gap between West Texas Intermediate, which is the price that Saskatchewan people get paid for their oil resource, and Brent Crude price, which is the international more accessible price,” said Premier Brad Wall. “That’s about $15 to $18 more per barrel. In Saskatchewan that means we leave $300 million in provincial revenue on the table.”

Wall joined ten U.S. governors in writing a letter to President Obama asking him to approve the newest application from Trans Canada for the pipeline.

It would run through southwest Saskatchewan creating construction jobs and tax revenue in our region.

The first application was rejected due to environmental concerns on the route.

via Local News http://www.swiftcurrentonline.com/index.php?option=com_content&view=article&id=20988:wall-backs-revised-pipeline-application&catid=13:local-news&Itemid=355

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