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As far as Stephen Harper is concerned, history and economics carry far more weight in Canada-U.S. relations than whoever happens to occupy the White House at a given moment.

[np_storybar title=”Inside the Keystone report: Would a cut in U.S. oil demand kill the pipeline?” link=”http://business.financialpost.com/2014/02/06/inside-the-keystone-report-would-a-cut-in-u-s-oil-demand-kill-the-pipeline/?__lsa=89fc-df69″]And would the pipeline alter market conditions such that there would be less rapid adoption of fuel efficiency, alternate fuels, or other measures that would reduce the demand for crude oil? Financial Post takes a look.

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That’s why Canada’s prime minister remains relatively unperturbed about the drawn-out Keystone XL pipeline review, maintaining its approval is “inevitable.”

In a wide-ranging interview on energy policy in his Ottawa office last month, Harper described how historical and economic forces and broad-based support for resource development determine whether projects like Keystone get built, rather than short-term political calculations. If Barack Obama doesn’t approve the pipeline, another president will.