"The cancellation of the Keystone pipeline project was inevitable once the government changed. The COVID-19 pandemic was among the factors that contributed to WTI crude oil prices' tailspin in 2020. Another is the vast oil reserves and the amount of investment already directed into crude oil production, as well as crude oil's export prospects. And one other factor that could influence crude-by-rail is how much crude oil volumes go into storage, Benedict said. The railway also expects to begin moving crude volumes from a diluent recovery unit (DRU) near Hardisty, Alberta.
