7/7/2014

Halting the Keystone XL pipeline wouldn't stop oil sands development in Canada, said John Felmy, chief economist with the American Petroleum Institute. "The Canadian oil sands are worth roughly 10 times Canada's GDP. The notion that they wouldn't be developed is silly," he said. Meanwhile, crude oil producers in Canada are planning to sell output to other markets besides the U.S. amid the project delays, said Canadian Association of Petroleum Producers President Dave Collyer.

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