Canadian oil could reach Texas by summer if Keystone alternative found

January 27, 2012

President Barack Obama might have rejected the enormous Keystone XL pipeline, at least for now, but that doesn't mean heavy crude from Canada won't be flowing into Texas' refineries later this year.

TransCanada Corp. — the Canadian company that proposed building the $7 billion, 830,000 barrel-a-day pipeline — has some ideas that could lead to moving oil from the oil sands region in northern Alberta, Canada, to the Gulf Coast of Texas without the blessing of the president, the company said.

"We are still very much committed to building this pipeline," TransCanada spokesman Terry Cunha said in an interview with the American-Statesman.

But building the full Keystone XL pipeline could take a long time. So in the meantime, TransCanada is talking about alternatives. READ MORE