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Iran readies for big oil production hike

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  • Baron Scarpia Logan, UT
    Dec. 8, 2013 8:47 a.m.

    Was this Obama's trump card on Keystone XL? The financial viability of the pipeline to take tar sands oil from Canada to the Gulf coast was contingent on high oil prices to make the heavy processing financially profitable. With Iran itching to flood the market with cheap sweet crude, Keystone will become a dead issue.