Continental Resources, Inc. (CLR), Valero Energy Corporation (VLO): Is Keystone XL Really No Longer Needed?

Final Foolish thoughts
While Howard Hamm might no longer need the Keystone XL to be build, he really is in the minority of its prospective customers. The pipeline really is critical to getting Canadian oil into the U.S. refining market. Make no mistake about it: If the oil doesn’t make its way to the U.S., it will still make its way out of Canada. Unfortunately, it could be on a long boat ride to China. Because let’s face it: Oil prices around the globe aren’t likely to get any cheaper thanks to Asia’s voracious demand for oil.

The article Is Keystone XL Really No Longer Needed? originally appeared on Fool.com is written by Matthew DiLallo.

Fool contributor Matt DiLallo and The Motley Fool have no position in any of the stocks mentioned.

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