However, it isn’t clear that newfound interest in a variety of shale plays outside of West Texas will prove durable.
The future for pipeline companies could be mixed. A friendlier environment from the federal government is a boon, but a potential minefield of local opposition will also block construction.
Rather than focus on midstream infrastructure, environmentalists should focus their energy on reducing oil demand if they want to reduce consumption.
The attack was designed to spark action against climate change, but the only real outcome from the sabotage was creating risk of a massive oil spill.
Although the carbon tax proposed by Canadian Prime Minister Justin Trudeau will likely cause more stress for the country's oil industry, it may lead to approval for much-need oil pipelines.
Flagging investment, price and infrastructure challenges, and the coming election are contributing to a grim outlook for Canada's oil industry.
On October 1, DOT will implement stricter safety standards for crude by rail, but two suburban Chicago communities have challenged the rules, citing glaring loopholes in the soon-to-be-implemented regulation.
The Keystone XL project has become an over-hyped political symbol increasingly detached from reality, but the pipeline does symbolize the struggles that Canadian oil sands producers have had in getting their product to market.
The deal is the latest consolidation effort between midstream players in U.S. oil and gas.
Energy Transfer Equity's attempted takeover of Williams Corporation provides insight into why pipeline companies are seeking to consolidate in the current price environment.