In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’

According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will be eventually needed if Canadian oil sands growth continues as projected.

“While Keystone isn’t needed today or arguably even in late 2015 when it is most likely to come online (pending approval), pipeline solutions like Keystone XL, Northern Gateway, or others will be necessary i...

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