Girling Duels Obama on Keystone Export Debate Amid Glut
This article is for subscribers only.
Russ Girling’s Keystone XL saga is taking a new twist with a global glut of cheap oil.
The criticism the chief executive officer of TransCanada Corp. is increasingly confronting, including from President Barack Obama, is that the pipeline will just be a corridor for Canadian oil-sands crude to reach China. Girling’s answer is that the U.S. isn’t weaning itself off foreign oil anytime soon and that Gulf Coast refineries will be the buyers, not Asia.