WILL SIMPLE ECONOMICS DEAL FATAL BLOW TO LONG-DELAYED KEYSTONE XL PIPELINE?

WASHINGTON — The Keystone XL pipeline has faced bureaucratic hurdles, court challenges and the determined opposition of environmental groups.

But the biggest challenge to the project at this point could come from basic economics.

Weak oil demand and cheap alternative sources mean pipeline developer TC Energy should consider putting construction plans on pause — perhaps forever, said Charles Mason, chair in petroleum and natural gas economics at the University of Wyoming.

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