Disclaimer. (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 . ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. 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. Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. "It's that as we produce more and more of these clean energy technologiesthey get more affordable for everyone. By 2012 that number jumped to 3.2 million barrels. The question is, If the thousands of miles of existing pipeline has been in use and the environment seems to be unaffected, why should Keystone XL suddenly be the project that ruins the planet? 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. Canada doesnt have nearly enough oil to fill existing pipelines going to the United States. 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. At the heart of the protests was a knot of environmental concerns from the local to the global. While many were under the impression that the Keystone XL pipeline was nearly built and ready to operate, it would have served as the fourth phase of the entire Keystone Pipeline System. Although Alberta is now on . In May 2021, the U.S. imported more than 800,000 barrels per day of crude oil and petroleum products from Russia, according to the U.S. Energy Administration. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. This story begins in Hardisty, Alberta, Canada with a company called TransCanada. The Keystone pipeline spill in a creek running through rural pastureland in Washington County, Kansas, about 150 miles northwest of Kansas City, also was the biggest in the system's history, according to U.S. Department of Transportation data. TC Energy Corp., the Canadian company that owns the Keystone XL pipelinewith the Alberta government, has said more than 1,000 people are out of work because of Bidens executive order. 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 . Get this delivered to your inbox, and more info about our products and services. The Keystone XL pipeline would have been a new way for one Canadian energy firm to ship oil to the United States. This group must review and issue National Pollutant Discharge Eliminations Systems permits for discharge of pollutants in state waters. 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. It runs from the Western Canadian Sedimentary Basin in Alberta to refineries in Illinois and Texas, and also to oil tank farms and an oil pipeline distribution center in Cushing, Oklahoma. Stevenson confirmed that as of late 2020, about 152 kilometers, or 93 miles, of pipeline had been laid near the U.S.-Canada border. "The Keystone was not an oilfield it's a pipeline," she responded. Although it has been months since Biden revoked the permit needed to finish the Keystone XL pipeline, the war between Ukraine and Russia has lawmakers suggesting that the project be resurrected. But the Trump administration revived the pipeline in early 2017. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? update email soon. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. , according to the U.S. Energy Information Administration. Factset: FactSet Research Systems Inc.2019. 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? In short, the U.S. needs to approve this pipeline to accommodate the increase in production. It carries crude oil to refineries and terminals. The State Department is one of 15 departments under the executive branch of the federal government. 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. As a result of those environmentally-friendly construction priorities, Keystone XL was said by some to be a "model for green pipelining," the Journal reports. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). The deposits are not in underground reservoirs like conventional petroleum. The. "On behalf of our Ponca Nation we welcome this long overdue news and thank all who worked so tirelessly to educate and fight to prevent this from coming to fruition. "A lot more transportation and people flying around, people driving, more demand for oil," he said. Canada is our largest trading partner and is important to U.S. job creation. It's important to understand what's contributing to the high prices of oil in the first place. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Reuters spoke via email with James Stevenson, a spokesperson for the Canada Energy Regulator, which oversees the Canadian portion of the Keystone XL Pipeline (here). (AP) The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8. ", "I can see why people make that connection," Nemet said. The 875-mile pipeline would carry a heavy crude oil mixture from . Copyright 2023 Politifact. Canada-based TC Energy . Here is a map of the current Keystone Pipeline from the company's website. It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. President Joe Biden signed an executive order on January 20, 2021, revoking the permit for the Keystone XL, which stands for Keystone "export limited," segment of the Keystone system, which is the fourth phase of the system. In the meantime, TC Energy's pipeline system in the northern Great Plains experienced a series of leaks of tens of thousands of gallons of oil. 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. The transport capacity of the Keystone XL pipeline, which Biden canceled, would have been about 830,000 barrels per day more than the amount of oil being imported to the United States from Russia. Our network of natural gas pipelines supplies more than 25 per cent of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. It's a great day for Mother Earth," Larry Wright Jr., chairman of the Ponca Tribe of Nebraska, said in a statement. "Instead of having international competition for a scarce resource where everybody wants the oil and there's a fixed amount of it, it's different," Nemet said. : Alexis Tereszcuk is a writer and fact checker at Lead Stories andan award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. Canada-based TC Energy first proposed the 1,200 mile Keystone XL pipeline in 2008 as a way to quickly pump 830,000 barrels of tar sands (a.k.a. The first is the Gulf Coast Project. Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. The pipeline will allow the U.S. to substitute Canadian oil for other foreign oil. Legal Statement. A damaged section of the Keystone Pipeline was reopened Thursday after weeks of repairs and clean up following a leak of 600,000 gallons of crude oil into a Kansas creek, officials said. Pipe intended for use in. But both TC Energy and the State Department have said the majority of those jobs would be temporary. In other words, 14% of the investment was made in 2020, with the remaining 86% secured and expected to be paid in 2021 and 2022. The Keystone Pipeline moves crude oil from tar sands refineries in Canada and the Midwest to refineries in Texas. Kristi Noem went a step further than Crenshaw, writing in a February 24op-edfor Fox News that in halting the Keystone XL pipeline Mr. Biden was "signaling to the world that American energy independence is no longer a priority.". Colonial Pipeline, a 2.5-million-barrel-per-day (b/d) system of approximately 5,500 miles of pipeline, is a significant mode of shipment for transportation fuels for the East Coast, particularly for several states in the southeastern United States. Data is a real-time snapshot *Data is delayed at least 15 minutes. Even if the Biden administration were to immediately offer new oil leases to drillers, it wouldn't help with the costs Americans are bearing today. Fish & Wildlife Service. It opened: Campaign watchers rate the race as solid or safe Republican. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. Before we explain Keystone, let me first state that beneath the ground of these United States are thousands upon thousands of miles of existing pipeline transporting natural gas and oil. Why the pipeline? 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. Its symbolic of whether or not were willing to embrace the natural resources that we have in our country. In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. St. Petersburg, FL 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. In the long run, the best way to protect Americans from spiking oil prices is to accelerate the shift from fossil fuels to renewable energy, Nemet and Kieve said. All Rights Reserved. That makes oil sands crude more carbon-intensive and worse for the climate than conventional petroleum. "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. So the idea that somehow the president's position on the pipeline that would still not be pumping oil emboldened Vladimir Putin to invade Ukraine is so far-fetched as to be incredible.". I cover the intersection of economics, politics and personal finance. On day one, President Biden canceled the Keystone XL Pipeline. The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. 2022 Cable News Network. Simply stated, Keystone XL is a way to get Canadian oil out of the United States, not into it. The Keystone pipeline leaked an estimated 9,120 barrels of oil, or roughly 383,000 gallons, in North Dakota in late October . In short: Most of the estimated jobs were temporary. "It wouldn't be online and wouldn't be pumping oil until the year 2023. TC Energy owns the existing Keystone oil pipeline, which runs from Alberta to the U.S. oil storage hub in Cushing, Oklahoma, and to the U.S. Gulf, along with a power and storage business. Got a confidential news tip? By 2011, Keystone XL had upended that quiet bureaucratic process. There are already about 2.3 million miles of pipeline across the US, carrying oil and natural gas. Trump revived hopes for the project once he took office, ultimately approving it with an executive order. Market data provided by ICE Data Services. 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. The project has become a matter of intense debate in the United States. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. All rights reserved. Thanks for signing up. The third group is the Bureau of Land Management which grants temporary permits for portions of the project that would encroach on federal lands. Dec. 11, 2022, 8:21 PM PST. 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. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. In a Wednesday statement, the Canadian developer TC Energy said that after reviewing its options with. The leak was. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. In October, TC Energy awarded contracts to six American union contractors to build the Keystone XL pipeline in three states in 2021. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. You'll receive your first NRDC action alert and For example, the pipeline will increase the diversity of the U.S. petroleum supply. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. ", "New government-funded 'food pyramid' says Lucky Charms are healthier than steak. As mentioned, the pipeline will connect to existing Keystone Mainline and increase the transport of oil sands from Canada and the Midwest to the Gulf Coast. The Keystone Pipeline in North Dakota was shut down after it leaked oil. The Keystone Pipeline already exists. In a Department of Energy report evaluating Keystone XL's impacts on U.S. energy supply over the next twenty years, the agency found that it will take decades for Canada to produce enough oil to fill existing pipelines. 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. Both of these forms can be transported by pipeline. Keystone XL pipeline protest in April 2014 in Washington D.C./Credit: Susan Melkisethian. This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. In summary, Keystone is good for the economy, good for U.S. energy independence, and good for the American consumer. 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. The 11,000 and $2 billion figures cited in the Facebook post are estimates published by the company, but most of the jobs would be temporary. Keystone XL is a tar sands pipeline to export oil out of the United States December 20, 2011 Anthony Swift One of the most important facts that is missing in the national debate surrounding. This segment has been in service since June 2010. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. Refining analysts say both. keep you informed with the latest alerts and progress reports. This group will consider the impact to endangered species in accordance with the Endangered Species Act. Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. 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 war in Ukraine also plays a role, although it was not the instigator of the increase. COVID-19 vaccines "provide zero benefit relative to risk for the young and healthy.". "Whenever there is political instability in places that produce a lot of oil, markets react," Nemet said. The portion of the Keystone Pipeline System that's already built runs from the North Dakota border south through South Dakota to Steele City, Nebraska, where it splits. Part of the pipeline runs east through Missouri while the other part runs through Oklahoma and into Texas. However, TransCanada argued that this cost would be more than offset as shifting Canadian oil from the Midwest to the Gulf would increase the price that Americans paid for Canadian oil by $3.9 billion. It was commissioned in 2010 and was to have four phases. Why now? The. Nor would producers be obligated to sell that entire amount to the U.S. Facebook, Jake LaTurner ad, Feb. 24-Feb. 25, 2022, Email, Mike Howard, communications director, Rep. Jake LaTurner, Feb. 25, 2022, PolitiFact, "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role," Aug. 23, 2021, U.S. Energy Administration, "U.S. Imports by Country of Origin," accessed Feb. 25, 2022, Lead Stories, "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production," Feb. 24, 2022, C-Net, "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. The Keystone XL Pipeline, a planned extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Steele City, Nebraska, is considered the fourth phase of the Keystone Pipeline System (www.keystonexl.com/about/). 33701 Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. "Clean energy that we harvest here at home and work to figure out a better way to store is going to power us here at home.". Video shows President Joe Biden recalling an alien encounter. 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. In the report, the agency wrote that 10,400 estimated positions would be for seasonal construction work lasting four to eight-month periods. People may receive compensation for some links to products and services on this website. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. This type of project has been completed numerous times before. "In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.". Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. "Democrats couldnt even get through Day 1 without killing jobs for middle class Americans.". The announcement ends a more than decade-long battle that came to signify the debate over whether fossil fuels should be left in the ground to address climate change. 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. All rights reserved. Although the extraction of oil sands is increasing in the U.S., transportation options from the Midwest to the Gulf Coast are limited. This area has highly porous soil and shallow groundwater. Mr. Pourbaix refused, saying that a requirement to keep oil on Keystone XL in the United States would cause refineries to back out of their contracts. More carbon-intensive and worse for the economy, good for U.S. energy independence, and info. Dakota in late October severe environmental and human rights implications, has been completed times. Times before his first day in office work lasting four to eight-month.... 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