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Clifford Krauss

Oil Supply Picture Has Changed Since Keystone Was Proposed

HOUSTON — When the Obama administration began considering the Keystone XL pipeline seven years ago, oil production in the United States was falling and most analysts thought it would never recover. At the same time, Mexican oil production was also in decline, meaning that domestic refineries would soon need another source of crude.

New Balance of Power







A Colorado oil well developed by hydraulic fracturing,
the blasting of oil and gas out of shale rock with water and chemicals.
Credit Ed Darack/Science Faction, via Corbis

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