Reuters Strange Math on XL Pipeline

A Reuters piece carried by the New York Times told readers:

"If built, TransCanada’s Keystone XL from Alberta to Nebraska would yield about $2.4 billion (C$3.2 billion) a year for Canada, split between government revenues, shareholder profits and re-investment into the still-recovering Canadian oil patch, according to a Conference Board of Canada research note prepared for Reuters on Thursday.

"That’s because the 800,000 barrels-per-day (bdp) line would provide cheaper shipping and a new out...

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Published on January 27, 2017 02:38
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