Despite rejection yesterday, the Keystone export limited (XL) pipeline is likely to be approved early next year when the Republicans take control of the Senate. Eventually this should add to the downward pressure on the price of Brent, but any impact is unlikely to be felt before 2017.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services