Canada doesnt have nearly enough oil to fill existing pipelines going to the United States. Campaign watchers rate the race as solid or safe Republican. St. Petersburg, FL Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma. Texas Rep. Dan Crenshaw, who has urged the Biden administration to ramp up domestic oil production, said in a tweet the day before Russia's February 24 attack that the Keystone project would have produced 830,000 barrels of crude per day. The project must also be in the national interest of the United States. The pipes pass through North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Oklahoma. 33701 But most of those jobs are temporary. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Offers may be subject to change without notice. It's true that the 830,000 barrels a day the pipeline is slated to carry would probably replace some of the 2 million barrels a day of heavy oil currently imported to the Gulf Coast. That initial jump in the cost of crude was driven by the ongoing economic recovery, which boosted demand by consumers and businesses that had been dampened by the COVID-19 pandemic. Keystone XL, a US$8-billion oil pipeline that was set to flow from Alberta to Nebraska, is officially scrapped, the project's owner, TC Energy, confirmed on Wednesday. Keystone XL will provide the U.S. with direct pipeline access to the secure and growing Canadian crude output and decrease our dependence on foreign oil from Mexico and Venezuela (the two largest oil exporters into the Gulf Coast). Solid green shows the full length in operation and the dotted green line shows the proposed Keystone XL project that was halted in January 2021: Lead Stories has debunked other false claims about the Keystone Pipeline projects impact on gas prices here and here. This dental device was sold to fix patients' jaws. Owned by North American company TC Energy, the Keystone XL Pipeline is the fourth phase of the Keystone Pipeline System, an existing 2,687-mile pipeline whose Canadian portion runs from Hardisty, Alberta, east into Manitoba where it turns south and crosses the border into North Dakota, according to the companys website (here). In October, TC Energy awarded contracts to six American union contractors to build the Keystone XL pipeline in three states in 2021. Finally, the pipeline would expand the transportation of oil sands from the Midwest to the Gulf Coast. This type of project has been completed numerous times before. In a world of wild talk and fake news, help us stand up for the facts. The Keystone XL was designed to carry more than 830,000 barrels a day of crude oil, virtually all of it coming 1,210 miles from the tar sands to Steele City, Neb. David Kieve, president of advocacy group Environmental Defense Fund Action, also told CBS News that building out the Keystone pipeline would not have softened the impact the Ukraine crisis is having on fuel prices. The current part of the Keystone pipeline that already exists uses 2,638 miles of hardened steel built to "withstand impact from a 65-ton excavator with 3.5-inch teeth," according to . Proponents also argue that the pipeline will enhance U.S. energy security and help maintain adequate crude oil supplies for U.S. refineries. "But in terms of gasoline prices and global oil prices, it's just something it's better to just ignore because it would have no impact. The Keystone XL pipeline would then connect to existing pipelines and transport oil to refineries along the Gulf Coast. The Environmental Protection Agency is the second group. So "here's the deal": The Keystone XL pipeline was going to be built to offset declining imports from Venezuela, because Canadian oil is the same type as what they produce in Venezuela. It will also create up to 43,000 jobs, the majority of which will be permanent. Jason Kenney, premier of the Canadian province of Alberta, is now pushing for the Biden administration to revive the Keystone XL pipeline . In a Wednesday statement, the Canadian developer TC Energy said that after reviewing its options with. "Democrats couldnt even get through Day 1 without killing jobs for middle class Americans.". (RELATED: Macron Trolls Trump, Says Biden Can Help 'Make Our Planet Great Again') If the oil ends up getting moved anyways, just via a different method, it could actually be worse . President Joe Biden's revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. It opened: Although the argument against the pipeline centers on environmental concerns, the real reason may have to do with the disdain for fossil fuels felt by environmental groups and others. It's, 'Oh, there's a lot more risk now than there was before.'". But they also grapple with the destruction of Alberta's forests and health effects that some researchers say could be linked to the strip mining. LaTurner said in an ad: The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska. Simply stated, Keystone XL is a way to get Canadian oil out of the United States, not into it. The State Department is one of 15 departments under the executive branch of the federal government. It can be processed to remove the bitumen which can be sent to refineries in two different forms. ICE Limitations. Keystone XL would have passed through Nebraska, and for years, a coalition of Indigenous tribes, ranchers and local environmentalists demonstrated, lobbied and sued to halt the pipeline's construction. To sweeten the deal, many of the refineries on the Gulf Coast happen to be located in foreign trade zones, where they can export Canadian oil to the world market without paying U.S. taxes. Since the State Department defines "job" as "one position that is filled for 1 year," that would equate to approximately 3,900 jobs over a two-year period. Three lawmakers from Pennsylvania, including Pittman, are hoping Biden will allow TC Energy to continue with Keystone XL pipeline construction so that the U.S. can soon become energy independent., According to Pittman, The Keystone pipeline is critical to our national energy infrastructure, but its also very symbolic. The other major candidate for the seat is Democrat Patrick Schmidt, a former U.S. Navy intelligence officer. The Keystone XL pipeline, which is owned by TC Energy Corp (NYSE: TRP), was reportedly less than 10 percent built when Biden pulled the plug on the project. TC Energy already had suspended construction in January when President. For years, the Obama administration faced pressure to approve the project from Canada, the oil and gas industry and its political allies while also getting enormous pushback from environmental and other activists, including major Democratic donors. Booms, Busts And Billionaires: An eBook From Forbes. The developer has now canceled the controversial project. How? We reached out to the White House for a comment, but we havent heard back. The Biden administration has repeatedly pushed back against proposals to revive the pipeline expansion. Most stock quote data provided by BATS. When Canadian regulators at the National Energy Board (NEB) considered the Keystone XL proposal in 2008, they asked TransCanada to justify another pipeline when there was already so much spare capacity. The dog dewormer fenbendazole can cure cancer in humans. Please select all the ways you would like to hear from Lead Stories LLC: You can unsubscribe at any time by clicking the link in the footer of our emails. To access the bitumen, Alberta's boreal forests are cut away in enormous strip mines. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. ", "When combined with additional 2021 contracts to be announced later, the total number of American union workers constructing Keystone XL in 2021 will exceed 8,000 and $900 million in gross wages," the release said. Keystone XL would be Canadas first step in diversifying its energy market. The. A 2014 report found that the company would need only 50 employees to maintain the Keystone XL pipeline once its finished, 35 of them permanent. , "This is a landmark moment in the fight against the climate crisis," said Jared Margolis, a senior attorney at the Center for Biological Diversity. In the weeks following U.S. President Joe Biden's decision to scrap the Keystone XL oil pipeline, posts on social media have claimed that the project "was in Phase 4 & just about completed". On February 9, 2005, TransCanada (now TC Energy) announced plans to construct a pipeline to move 400,000 barrels per day of Canadian heavy crude oil from Hardisty, Alberta, to Illinois. Not only did the revocation of the Keystone XL pipeline project permit reportedly hurt the Canadian and Alberta economies, but it cut thousands of jobs for Canadians and Americans. 1800 I Street NW Here is a map of the current Keystone Pipeline from the company's website. US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. Dec. 11, 2022, 8:21 PM PST. The pipeline would divert large volumes of Canadian oil from the Midwest to the Gulf Coast, where it would be available for the first time to buyers on the world market. As the war between Ukraine and Russia continues to unfold, lawmakers in various states think Biden must take action now so that the U.S. doesn't rely on foreign oil. President Joe Biden in January 2021 revoked the permit for an add-on to the Keystone system, but the rest of the system is still running. This article was produced by the Reuters Fact Check team. The State Department forecasted that no more than 50 jobs, some of which could be located in Canada, would be required to maintain the pipeline. Sixteen years later, three phases of the Keystone project are complete. And that is exactly what Valero, one of the largest potential buyers of Keystone XL's oil, has told its investors it will do. Because the pipeline was a major infrastructure project that crossed a U.S. border, it needed a so-called presidential permit from the State Department. Most objections center on the extraction of the oil, but some suggest the project will only make the U.S. more dependent on fossil fuels. Although I do have an opinion on the matter, which I will share later, facts are facts which cannot be changed. The 1,200-mile Keystone XL pipeline, proposed by the Canadian energy conglomerate TC Energy, would carry up to 35 million gallons of tar sands crude oil from Alberta through Montana, South Dakota . Its demise comes as other North American oil pipelines, including Dakota Access and Enbridge Line 3, face continued opposition from environmental groups. Powered and implemented by FactSet. By 2012 that number jumped to 3.2 million barrels. In the ad, which began running on Facebook and Instagram on Feb. 25, the day after the invasion, LaTurner stated: "President Biden canceled the Keystone XL Pipeline on his first day in office. In short, the U.S. needs to approve this pipeline to accommodate the increase in production. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. The policies have helped restrict U.S. oil production, and the fallout from the Keystone Pipeline remains lost on the administration. As issues continue to emerge, the spin is spun and citizens of this once united nation find themselves at odds with neighbors, friends, coworkers and even family. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. Weve seen several similar postsoffer other figures for how many jobs were lost as a result of Bidens executive order, ranging from 12,000 to83,000. Although the new Congress will likely pass a bill to allow the pipeline to proceed, I expect the President will veto it. Oil Change International investigated this issue in a report that found the Keystone XL pipeline was part of a larger strategy to sell increasing volumes of Canadian crude on the international diesel market. ", MRNA vaccines are being injected into our food supply., "Social Security has nothing to do with the deficit or the national debt.". This portion has been flowing since February 2011. CALGARY/NEW YORK (Reuters) - The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other . "Today, we can say yet again, that our efforts were a resounding success.". It's generally cheaper to transport oil by pipeline than by ship, so refiners would likely opt for the Canadian crude. All rights reserved. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. Because no refineries between Alabama and the mid-Atlantic produce substantial quantities of transportation fuels, the southeastern United States is supplied primarily by pipeline flows, and to a lesser degree, with marine shipments from the U.S. Gulf Coast and imports. The first is the Gulf Coast Project. While the Dakota Access pipeline is moving oil out of North Dakota now, its future is uncertain because of court challenges that still haven't been resolved. Updated on: March 17, 2022 / 11:57 AM That makes oil sands crude more carbon-intensive and worse for the climate than conventional petroleum. We reached out to the user who published the post for their evidence, but we didnt hear back. These groups argue that the lifecycle greenhouse gas emissions associated with the development of Canadian oil sands is harmful to the environment compared to conventional oil or renewable fuels. In October, the company said it expected to employ more than 11,000 Americans in 2021 and generate more than $1.6 in gross wages. At the time Mr. Biden. Keystone XL Pipeline: The Keystone XL pipeline is a proposed extension of the Keystone pipeline system that will transport oil from Alberta, Canada to refineries in the United States. All Rights Reserved. The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. There are already about 2.3 million miles of pipeline across the US, carrying oil and natural gas. Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. Gasoline is actually one of the nation's largest exports, going mostly to Latin America. Which argument is right? In this article, I will dispel the myths and rumors and discuss only the facts. TC Energy's 1,210-mile Keystone XL pipeline would have had a capacity of 830,000 barrels per day with crude oil originating from Hardisty, Alberta, and heading to Steele City, Nebraska, where it would then be shipped to U.S. Gulf Coast refineries. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. The idea that Keystone XL will improve U.S. oil supply is a documented scam being played on the American people by Big Oil and its friends in Washington DC. TC Energy had begun construction on the pipeline last year and said about 300 miles of the $8 billion project had been built. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. The Keystone Pipeline from Canada to the U.S. is not closed. Got a confidential news tip? stated on February 26, 2023 an Instagram post: stated on February 8, 2023 a Facebook post: stated on February 7, 2023 a post on Facebook: stated on February 6, 2023 an Instagram post: stated on January 25, 2023 an Instagram post: stated on February 4, 2023 a Facebook post: stated on January 27, 2023 a Facebook post: stated on January 23, 2023 an Instagram post: stated on January 15, 2023 an Instagram post: stated on January 12, 2023 a Facebook post: stated on January 5, 2023 a Facebook post: stated on January 3, 2023 a video shared on Instagram: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: stated on February 15, 2023 in a Facebook post: stated on February 26, 2023 in a video on Facebook: stated on February 25, 2023 in an Instagram post: stated on February 18, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization, Russian President Vladimir Putin intercepts adrenochrome shipment headed to United States., "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role,", "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production,", "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? was to carry about 830,000 barrels a day of . Before Biden signed his executive order, only a 1.2-mile section of the pipeline had been completed in Montana near the U.S.-Canada border. In 2005, the company announced its intentions to build a pipeline to transport crude oil from the oil sands region of Alberta, Canada to the existing Keystone Pipeline in Steele City, Nebraska. Former EPA chief: Keystone XL will be built, First published September 16, 2013: 3:58 AM ET, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19, These are your 3 financial advisors near you, This site finds and compares 3 financial advisors in your area, Check this off your list before retirement: talk to an advisor, Answer these questions to find the right financial advisor for you, An Insane Card Offering 0% Interest Until Nearly 2020, Transferring Your Balance to a 14-Month 0% APR is Ingenious, The Top 7 Balance Transfer Credit Cards On The Market Today, Get $300 Back With This Outrageous New Credit Card. For information about our privacy practices, please visit our website. (n.d.) Unlike oil, renewable energy relies far less on fixed and limited natural resources. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma. But both TC Energy and the State Department have said the majority of those jobs would be temporary. ", Psaki added the Department of Energy predicts that in 2023 the U.S. will "produce more oil than ever before.". The Keystone XL pipeline was designed to transport oil to the Gulf Coast because refineries in the region are already equipped to process heavier crude oils, like those found in Canada's Alberta . But It's Definitely Changing, In A Landmark Case, A Dutch Court Orders Shell To Cut Its Carbon Emissions Faster, 'Energy Justice' Nominee Brings Activist Voice To Biden's Climate Plans. The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. Get browser notifications for breaking news, live events, and exclusive reporting. Pipe intended for use in. inaccurate stories, videos or images going viral on the internet. "We're hopeful that the Biden administration will continue to shift this country in the right direction by opposing fossil fuel projects.". "They want the additional Canadian barrels to displace higher cost barrels from Venezuela, Mexico or Saudi Arabia," said Allen Good, an oil company stock analyst at Morningstar. Is this good for America? All rights reserved. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. It did not specify exactly how many jobs would be lost. The current cost of oil takes partly into account the. In the weeks following U.S. President Joe Bidens decision to scrap the Keystone XL oil pipeline, posts on social media have claimed that the project was in Phase 4 & just about completed and that it had been paid for by the time Biden pulled the plug. While it is true that the project had secured funding, which was largely expected to be paid out in 2021 and 2022, the claim is partly false, as less than 10% of the pipeline had been built by the time Biden formally revoked the permit. You'll receive your first NRDC action alert and In 2008 the country exported 1.8 million barrels a day of refined products, according to EIA. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Given that the U.S. is siding with Ukraine, this could put a damper on the countrys ability to continue its dealings with Russia. This portion would transport oil over 435 miles through 36" pipe running from Cushing, Oklahoma to Port. keep you informed with the latest alerts and progress reports. The US Supreme Court denied a request from the Trump administration to allow construction of the Keystone XL pipeline, upholding a lower court's ruling blocking a permit needed for the project . The third group is the Bureau of Land Management which grants temporary permits for portions of the project that would encroach on federal lands. Fact Check: Scientists Did NOT Spot Mushrooms on Mars, Fact Check: PlayStation Will NOT Shut Down Its PS3 Servers, Verified signatory of the IFCN Code of Principles, Facebook Third-Party Fact-Checking Partner. When the U.S. expands its energy transportation system, additional workers are required to maintain and oversee it. When you sign up you'll become a member of NRDC's Activist Network. And right now in Minnesota there are protests around Enbridge's Line 3 project that's under construction. We will Temporary jobs are still jobs. BNSF remains a money machine at . "The key lesson there is the U.S. is not the whole story here. Energy from solar panels, wind turbines and other low-carbon technologies also tends to get cheaper the more widely it is used, they said. President Joe Biden in January 2021 revoked the permit for an add-on to the Keystone system, but the rest of the system is still running. "You won't see a lot of environmental organizations jumping up and down and saying, 'Hey, this is the best thing ever,'" Kieve said. By Dennis Romero. A revised permit was resubmitted in May 2012 which contained an alternate route. All quotes delayed a minimum of 15 minutes. TORONTO (AP) Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden revoked its permit on his first day in office. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels. Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. ", "I can see why people make that connection," Nemet said. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. On March 7, Fox News' Peter Doocy asked White House Press Secretary Jen Psaki whether Mr. Biden would "ever undo his executive order that stopped the construction of the Keystone XL" in an effort to lower gas prices. (Terray Sylvester/Reuters) . The agency will release a total of 60 million barrels of crude to help ease some of the supply disruptions caused by the war Ukraine. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas . Could the Keystone XL pipeline help lower U.S. gas prices? The Cushing Extension is 298 miles of 36 pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. The operator, Canada-based TC Energy, said the pipeline that runs from Canada to Oklahoma lost about . Many of these refineries are in Foriegn Trade Zones where oil may be exported to international buyers without paying U.S. taxes. As Canada's Natural Resources Minister Joe Oliver recently said, "we export 97 percent of our energy to the U.S. and we would like to diversify that." Fourth is the U.S. On November 19, 2014, the U.S. Senate voted against the passage of the bill which would allow the Keystone XL Pipeline to proceed. Three of the phases have now been completed, while the fourth one, an extension known as the Keystone XL (which stands for Keystone export limited), was cancelled in 2021. No, that's not true. I ask, why not? The Keystone XL crude oil pipeline wasn't yet operational when it was canceled in 2021, and wasn't expected to be running until 2023. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? A leak in the pipeline is a primary concern along with the ability to respond quickly to a disaster of this nature. The fact that Canada has excess pipeline capacity is well known. One recent issue involves the passage of the Keystone XL pipeline. Oil sands, also called tar sands, are a mixture of clay, sand, water, and heavy black viscous oil known as bitumen. Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. It would take six to 10 years for oil from a new lease to hit the global market, Kieve said. The capacity of existing pipelines is about 591,000 barrels per day (bpd) and the two pending pipelines are expected to transport about 700,000 bpd initially with a potential of 830,000 bpd. But activists and scientists argued that to avoid the worst effects of climate change, the world had to keep half of oil and gas reserves in the ground. Biden's. The operator of the Keystone Pipeline System, which carries a form of crude oil from Canada to multiple states for refining, said over the weekend . This area has highly porous soil and shallow groundwater. The entire system without the XL extension stretches about 2,687 miles in total length. President Obama is expected to either approve or deny the pipeline by the end of this year. The U.S. House tried for the . TC Energy swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charge related to the suspension of Keystone XL. Former U.S. President Donald Trump had approved a permit for the line in 2017, but it continued to face legal challenges that hampered construction. "Keystone would have helped ease those fears while giving America the flexibility to counter Russian aggression by expanding energy exports to Europe," she wrote. Lets look at the argument for and against the project. The Keystone Pipeline System stretches 2,687 miles, while Keystone XL was to be 1,210 miles in length. The 875-mile pipeline would carry a heavy crude oil mixture from . The pipeline was expected to stretch from Alberta to Nebraska, allowing 830,000. At the heart of the protests was a knot of environmental concerns from the local to the global. The pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. oil sands) per day from Canada's Alberta province . The pipeline's opponents in Nebraska feared that any leak from Keystone XL would damage the critical aquifer, and they welcomed the end of the project. Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. Washington, DC Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. Building the Keystone XL pipeline would have fostered the expansion of the Canadian oil sands industry by increasing access to U.S. markets and international ones through exports from the Gulf Coast. However, existing Canadian oil pipelines all go to the Midwest, where the only buyer for their crude is the United States. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. The GAO study showed that the U.S. stretches of TC Energy's 2,700-mile Keystone pipeline had a failure rate in line with the national average during its first six years of service, with most of . Its proposed route in Nebraska cut through the Ogallala Aquifer, the groundwater source for millions of Plains states residents. The Department of State, in consideration of the permit, must examine the potential impact of the pipeline on the environment, the economy, U.S. energy security, and foreign policy plus a few additional items. Lets skip to the main arguments for and against and you can decide for yourself if this project is warranted or if it should be denied. "And it's not necessarily that they're saying, 'Oh there's not enough oil.' Now, GOP leaders are blaming surging fuel costs in part on a decision by President Biden early in his administration to block the Keystone XL Pipeline.

Is Prepaid Rent A Permanent Account, Articles D