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Pieces of pipe for TransCanada Corp.’s Keystone XL pipeline lie in a field in North Dakota on April 23, 2013. Energy equities are set for another bullish summer, Don Vialoux predicts.
Pieces of pipe for TransCanada Corp.’s Keystone XL pipeline lie in a field in North Dakota on April 23, 2013. Energy equities are set for another bullish summer, Don Vialoux predicts.
(Nathan VanderKlippe/The Globe and Mail)

Keystone’s fate ultimately depends on railroads

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The Lac-Mégantic rail tragedy has prompted some instant analysis that pipeline companies will profit from new concerns about shipping oil by train. But the future of one pipeline, the Keystone XL into the U.S., depends on the oil industry’s ability to ship its product by rail.