Open figure viewer
Significance
The shale revolution in the United States created an explosion in upstream exploration and production (E&P) activity, as well as unprecedented demand for infrastructure to connect newfound resources with refineries and processing plants. Even a brief pause in shale revenue and drilling could imperil investment in this midstream sector.
Impacts
Keystone XL may be traded by the White House for environmental policy from Congress.
The decline in oil prices will hit the Texan economy, as well as the presidential hopes of former Governor Rick Perry.
Although oil exports may not be permitted, swaps with Mexico will ease oversupply of light crude.
Keywords:
United States,
NA,
Canada,
Mexico,
economy,
industry,
energy,
hard commodities,
investment,
oil,
railway,
transport,
banking,
corporate,
employment,
finance
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
You do not currently have access to this content.
