Trump Wants to Resurrect Keystone XL

By Free Republic | Created at 2024-11-21 15:47:40 | Updated at 2024-11-28 02:41:24 6 days ago

Trump Wants to Resurrect Keystone XL
Oilprice.com ^ | Nov 21, 2024 | Irina Slav

Posted on 11/21/2024 7:16:29 AM PST by SJackson

President-elect Donald Trump intends to revive the construction of the Keystone XL pipeline on his first day in office—just like President Biden shut it down on his first day in office.

A Politico report citing unnamed sources with knowledge of the situation said that the president-elect’s transition team was discussing Keystone XL with a view to bringing it back to life. “It’s on the list of things they want to do first day,” one of the Politico sources said.

The 1,200-mile pipeline, developed by TC Energy, was supposed to carry some 800,000 bpd of Canadian heavy crude to U.S. refineries. As proponents of the project have noted repeatedly in the past few years, the demand for these Canadian barrels did not die with Keystone XL. Canadian exports of heavy crude to the U.S. have remained high, and breaking records. Only the means of transporting them have changed from pipelines to oil trains.

“The U.S. decision to revoke the permit was unfair and inequitable,” TC Energy said in an arbitration filing back in 2021, with which it sought compensation for the losses it suffered from the cancelation of its project. The pipeline developer noted at the time that the United States had put Keystone XL on a 13-year “regulatory rollercoaster”.

(Excerpt) Read more at oilprice.com ...

TOPICS: Government; News/Current Events
KEYWORDS: keystonexl; pipeline

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1 posted on 11/21/2024 7:16:29 AM PST by SJackson

To: SJackson

2 posted on 11/21/2024 7:18:13 AM PST by nopardons

To: nopardons

Only the means of transporting them have changed from pipelines to oil trains.“

Trains owned by Warren Buffet, one of the biggest rat donors.

3 posted on 11/21/2024 7:22:40 AM PST by iamgalt

To: SJackson

Canada is an energy superpower. Once they get rid of Justin Dildo, it will boom

Depending on who is making the estimates, Canada is 3rd or 4th in oil reserves, right behind Saudi Arabia.

Tying the US wagon to this horse is an absolute “no-brainer.”

4 posted on 11/21/2024 7:23:21 AM PST by PGR88

To: SJackson

5 posted on 11/21/2024 7:23:50 AM PST by Fury

To: SJackson

This is EXACTLY what I’ve been waiting, hoping, and praying for!

6 posted on 11/21/2024 7:31:32 AM PST by Old Grumpy

To: SJackson

Would help relations with Canada.

To: SJackson

Citing unnamed sources with knowledge of the situation.

Personally I would be utterly embarrassed to write such a line in a non fiction story.

8 posted on 11/21/2024 7:31:54 AM PST by KobraKai

To: SJackson

Yessiree! And ANWR, and fracking and any other old pumpjacks that oilers want to try and rehabilitate.

9 posted on 11/21/2024 7:36:13 AM PST by Gaffer

To: Gaffer

A couple of days ago, I was driving through central Texas and saw a lot of frack sand trucks on the road. I haven’t seen any of those trucks for a couple of years.

Go Trump!

10 posted on 11/21/2024 7:38:31 AM PST by Texas resident (AMF to BHO)

To: All

Folks need to recalibrate their thinking.

That pipeline doesn’t define oil output. As noted, trains replaced it. It changes some dollar issues with oil transport, but it has no effect on geology, and never ever forget, geology decides everything in the world of oil and geology doesn’t care about politics. Politics come and go. Geology is always there.

Canada has big reserves numbers. Production is at 5.5 million barrels/day. It is growing, but not fast. They aren’t finding new fields. They are improving flow out of the oil sands.

They consume 2.4 million bpd. Consumption nodes are eastern cities. There are no pipelines to get it there. Too far. Canadian National Railways.

US oil flows northward not to satisfy consumption. To dilute the thick oil from the tar sands. It eventually gets to a refinery and is easier to deal with diluted. But the output of all that may flow back to the US northeast, so this corrupts US oil export numbers.

Anyway, US oil production has been flattening. The shale rock lasted 10-15 years. Not good news, and not politics dependent.

11 posted on 11/21/2024 7:41:55 AM PST by Owen

To: SJackson

He should revive it of course. Bidet summarily canceled KeystoneXL upon his installation. Trump should likewise cancel the Atlantic offshore wind projects that are in the works east of NJ, DE, and MD

12 posted on 11/21/2024 7:42:43 AM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)

To: Sgt_Schultze

cancel the Atlantic offshore wind projects that are in the works east of NJ, DE, and MD

Call it "Save the whales proclamation".

13 posted on 11/21/2024 7:45:44 AM PST by central_va (I won't be reconstructed and I do not give a damn...)

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