"All across America, we estimate $10 to $20 billion per year to be spent on energy related infrastructure," says Curt Launer, an oil infrastructure analyst with Deutsche Bank . "And we could actually see it going longer than that."

TransCanada is also moving forward with the build out of the Gulf leg of its Keystone XL pipeline , which will ultimately provide over 800,000 barrels a day of capacity from Cushing to Texas, while it continues to wait for U.S. approval to construct the northern portion of the pipeline which would begin across the border in Canada.

The Keystone gulf pipeline is also expected to come on line by 2014. Along with the Seaway expansion, it will mean more than 1.5 million barrels a day of new capacity to feed oil production from North Dakota and the mid-continent to refiners on the Gulf.

"I don't think it's going to be enough," says Darren Horowitz, an energy pipeline analyst with Raymond James, who says Shale oil production is already growing faster than expected despite current pipeline constraints. Once the infrastructure starts to come online, production will likely ramp up even more.

"I don't think the existing oil pipelines that are permitted will be enough to keep up with production."

AFTER THE BUILD OUT, THE REVENUE STREAM

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