Nixing Keystone XL will put additional U.S. demand on Canadian oil: Commodities expert

Randy Ollenberger, managing director of Oil & Gas Equity Research at BMO Capital Markets, says that declining heavy crude exports from Mexico over the next few years will mean the U.S. will need more from Canada, putting pressure on existing Canadian pipelines when Keystone XL is cancelled. Randy Ollenberger, managing director of Oil & Gas Equity Research at BMO Capital Markets, says that declining heavy crude exports from Mexico over the next few years will mean the U.S. will need more from Canada, putting pressure on existing Canadian pipelines when Keystone XL is cancelled.

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