U.S. refiners prepare for Keystone XL

The Keystone XL pipeline awaits U.S. approval, but domestic refiners are preparing now for the possible influx of plentiful, cheaper oil supplies. "When you think that refineries were going to close a few years ago and now we've got a feedstock advantage, if that advantage carries through, refineries around the Gulf Coast have the ability to export and protect jobs," said Kevin Brown, senior vice president for refining at LyondellBasell.

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