Kinder Morgan decides against building Texas to California pipeline

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Because major refinery operators Valero Energy Corp. and Tesoro Corp prefer to continue getting crude oil delivered by rail, Kinder Morgan Energy Partners LP has canceled a proposed pipeline to carry Texas crude oil to California.

The Dallas company said it shelved the $2 billion line that could have carried 277,000 barrels of oil a day reported the Lubbock Avalanche-Journal.

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