In a roundabout fashion yes. Designed specifically to transport Canadian heavy crude to gulf coast refineries. US still needs to import heavy crude (shales are light oil and condensate).
The logic of not doing Keystone based on "climate change leadership" but importing heavy crude from friends of USA like Venezuela and OPEC plus lifting sanctions on Iran thus adding that extra capacity nakes sense only to Barry.
Triump of politics over common sense.
SSN Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
