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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The pipeline would primarily transport crude oil from the WCSB and Bakken regions. The majority of the WCSB oil is considered a heavy crude oil, while Bakken crude is considered a light crude oil. times the length of the current proposal (1,384 miles), with nearly identical routes in Montana and South Dakota.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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Over the long term, lower-than-expected oil prices could affect the outlook for oil sands production, and in certain scenarios higher transportation costs resulting from pipeline constraints could exacerbate the impacts of low prices.

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White House: OPEC+ oil production increases “simply not enough”

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The EIA noted that concerns about decreased demand because of increasing COVID-19 cases have recently driven crude oil prices down, offsetting some initial price increases due to larger inventory draws. As a result, EIA’s crude oil price forecast remains mostly unchanged from the July STEO.

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