To secure our energy independence for not only economic interests, but national security interests., Latest Energy & Utilities News and Updates. ICE Limitations. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. A Warner Bros. 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. Hence, opponents of this project have taken a well anticipated route, claiming that it will harm the environment. The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. 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. Spotted something? Oil sands production is increasing in the U.S. with the majority of it in the form of heavy crude. Since it first went into operation in 2010, TC Energy's original Keystone Pipeline System has leaked more than a dozen times; one incident in North Dakota sent a 60-foot, 21,000-gallon geyser. 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? Russia is the world's second-largest exporter of crude oil, according to the U.S. Energy Information Administration. "And so we've got 8 billion people that are consuming oil and many countries that are producing it, and it all goes into one market.". This area has highly porous soil and shallow groundwater. Without support from the U.S. government, its effectively halted. The oil industry and its allies have claimed that Keystone XL would have created hundreds or even thousands of jobs. It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. The Biden administration has repeatedly pushed back against proposals to revive the pipeline expansion. Fiery train crash in Greece kills dozens, many of them students, Ex-Georgia star Jalen Carter was racing in deadly crash, arrest warrants allege, Watch Live: Garland testifies amid ongoing special counsel investigations. 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. 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. The 1,200-mile Keystone XL Pipeline was designed to mirror that,. Unfortunately, Bidens initiative to cancel the project left many angered and without jobs. The project must also be in the national interest of the United States. It requires more processing than most oil, so producing it emits more greenhouse gases. 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 . Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. Learn more about Mailchimp's privacy practices here. The Keystone pipeline does not carry gasoline. 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. Although Alberta is now on . Well get to that in a moment. 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. 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. It opened: "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. 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. Keystone XL pipeline protest in April 2014 in Washington D.C./Credit: Susan Melkisethian. Even in the future, there would be no certainty that the pipeline could produce a net increase of 800,000 barrels a day. The State Department estimated full-time permanent jobs to be closer to 50. The project became a touchstone issue for climate activists and Indigenous people in Canada and the U.S, including those along the pipeline's route. I ask, why not? By claiming that the project was in Phase 4 of construction, the posts seem to conflate the Keystone XL Pipeline with the larger Keystone Pipeline System. Seeking comment on whether additional funds had been invested between Jan. 1, 2021 and Jan. 20, 2021 Reuters reached out to TC Energy but did not receive a response in time for this articles publication. update email soon. (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. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday. This dental device was sold to fix patients' jaws. If only the halt of that project was the sole source of surging energy costs at home and abroad.. These posts are referring to the Keystone XL Pipeline, a project cancelled by Biden on his first day in office on Jan. 21, 2021, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil-sands crude from Alberta to Nebraska (here). The Keystone Pipeline System is an oil pipeline system that runs between Canada and the United States. "You won't see a lot of environmental organizations jumping up and down and saying, 'Hey, this is the best thing ever,'" Kieve said. Unlike oil, renewable energy relies far less on fixed and limited natural resources. The Obama-era State Department had denied TC Energys request for a permit in 2015. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. Legal Statement. None of this means Warren Buffett had anything to do with Biden's decision to spike the Keystone Pipeline. People may receive compensation for some links to products and services on this website. The pipeline was expected to stretch from Alberta to Nebraska, allowing 830,000 barrels of oil sands crude to be carried into the U.S. a day, reports Reuters. Booms, Busts And Billionaires: An eBook From Forbes. At the heart of the protests was a knot of environmental concerns from the local to the global. Gregory Nemet, professor of public affairs at the University of Wisconsin-Madison's Wisconsin Energy Institute, pointed out that the cost of oil has steadily increased since last fall, when it was around $70 a barrel, to more than $130 last week before settling back at around $100 a barrel on Tuesday. 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. 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. But its not as simple as substituting one source for the other. TC Energy said more than 1,000 people are out of work because of Bidens executive order. Our only agenda is to publish the truth so you can be an informed participant in democracy. Keystone XL would carry crude derived from Alberta's oil sands. The 875-mile pipeline would carry a heavy crude oil mixture from Western Canada to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. From there, refined petroleum products could be sold either in the U.S. or to foreign buyers. ", "New government-funded 'food pyramid' says Lucky Charms are healthier than steak. A Facebook post says that Bidens executive order revoking the Keystone XL pipeline "is destroying 11,000 jobs.". "Stop importing from Russia, start producing more," he tweeted in early March. Trump revived hopes for the project once he took office, ultimately approving it with an executive order. Lets look at the argument for and against the project. All rights reserved. TC Energy already had suspended construction in January when President. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. Why the pipeline? Keystone XL would be Canadas first step in diversifying its energy market. Now for the issue that has polarized America. The current cost of oil takes partly into account the. It will also create up to 43,000 jobs, the majority of which will be permanent. Refining analysts say both. 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 . Therefore, about 8% of the planned 1,210-mile XL extension had been built by the time President Biden revoked the permit. The oil and gas industry accounts for about 5% of Canada's economy, and nearly all of the industry's exports go to the United States. Instead, they're a tarry fossil fuel called bitumen that's mixed in with clay, sand, rock and together, can be hard as a hockey puck. The Keystone XL Pipeline consists of two parts. Hundreds of opponents rallied there this week, calling on Biden to stop that project, too. It can be processed to remove the bitumen which can be sent to refineries in two different forms. It is not shut down. This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. The. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. In short: Most of the estimated jobs were temporary. Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. In a world of wild talk and fake news, help us stand up for the facts. 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. inaccurate stories, videos or images going viral on the internet. All rights reserved. BNSF remains a money machine at . 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. 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. Those contractors were "responsible for hiring 7,000 union workers. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. TransCanada conceded that Keystone XL would take oil from existing pipelines, increasing shipping costs. "In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.". The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. This amount makes up 3% of U.S. crude oil imports and about 1% of the crude oil processed in U.S. refineries. its plants and animals, and the natural systems on which all life depends. Opponents suggest it will harm the environment. "The Keystone was not an oilfield it's a pipeline," she responded. 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. The Keystone XL pipeline is an international project years in the making. The greatest, and perhaps the only argument against the pipeline, is occurring on the environmental front. I will give you the facts and you can decide. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. The pipes pass through North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Oklahoma. 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 . Even in the future, there would be no certainty that the pipeline could produce a net increase of 800,000 barrels a day, rather than just transporting oil from Canada that is currently being transported some other way. 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. It's important to understand what's contributing to the high prices of oil in the first place. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. Updated on: March 17, 2022 / 11:57 AM inaccurate stories, videos or images going viral on the internet. In fact, the Keystone Mainline is 1,353 miles of 30 pipe which extends from Hardisty, Alberta to refineries in Wood River and Peoria, Illinois. The pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. Those in favor of the pipeline have several diverse points which bolster their opinion. When you sign up you'll become a member of NRDC's Activist Network. Disclaimer. Copyright 2023 CBS Interactive Inc. All rights reserved. It was denied. Had construction continued, the pipeline would have entered service in 2023. Once refined, it'll be impossible to tell exactly where the oil that came down the pipeline went, but "with more oil, that [export] number will increase," said Milne. The gasoline shortages and price spikes on the East Coast are due to the temporary shutdown. 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 . Bidens order revokes the permit that was grantedMarch 29, 2019, by then-President Donald Trump on the grounds that it is harmful to the environment. The Keystone pipeline, which President Joe Biden canceled, would have transported more oil per day than the U.S. imports from Russia, but it would not have been a simple offset. On his first day in office, President Joe Biden signed an executive order canceling the Keystone XL Pipeline Project. This segment has been in service since June 2010. For the . The entire system without the XL extension stretches about 2,687 miles in total length. 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. On his first day as the 46th President of the United States, Joe Biden signed an executive order revoking permission for the construction of the Keystone XL oil pipeline, an $8 billion, a 1,200-mile-long project that was supposed to carry up to 830,000 barrels of oil per day. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. 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. Powered and implemented by FactSet. Thirty-five of them would be permanent, while 15 would be temporary contractors. 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. Canada is our largest trading partner and is important to U.S. job creation. An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. It opened: When you can't find gas, remember who executively ordered the Keystone Pipeline to close. One recent issue involves the passage of the Keystone XL pipeline. "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. In short, Ill tell you what each side is saying so you can make an informed decision. 801 3rd St. S 1800 I Street NW As of 2014 . Both of these forms can be transported by pipeline. Keystone XL was designed to transport crude oil from Alberta, Canada, to Steele City, Nebraska, where it would connect with TC Energy's existing facilities, which extend to the Gulf Coast. 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.". an award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. 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. But most of those jobs are temporary. TransCanada is a Canadian company that builds and operates energy infrastructure across the North American continent. Supporters say the oil is no dirtier than other forms of heavy oil the country is currently importing. 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. As of Monday, May 10, the pipeline had not resumed operations of its main lines, although some smaller lines are operational. Market data provided by ICE Data Services. The second segment, called the Keystone XL, would run 1,179 miles from Hardisty, Alberta to Steele City, Nebraska. November 18, 2014. Market Realist is a registered trademark. Copyright 2023 Market Realist. That very well may be the case as Valero, one of the largest prospective purchasers of Keystone XL's crude, has already told its investors the its future business is in international export. News provided by The Associated Press. After multiple delays, President Barack Obama rejected the permit to build Keystone XL in November 2015. Some ask why should it proceed? On November 19, 2014, the U.S. Senate voted against the passage of the bill which would allow the Keystone XL Pipeline to proceed. The 11,000 figure in the Facebook post appears to stem from an Oct. 28, Biden signed an order that revoked the permit, 11-volume State Department report on the Keystone XL pipeline, WRAL partners with PolitiFact NC to fact check political stories, State Department found in its 2014 report, Our ethics policy for PolitiFact journalists. Sign up for free newsletters and get more CNBC delivered to your inbox. ", "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. "We remain disappointed and frustrated with the circumstances surrounding the Keystone XL project, including the cancellation of the presidential permit for the pipeline's border crossing," Alberta Premier Jason Kenney said in a statement. Yet many experts agree that moving ahead with the pipeline wouldn't have prevented U.S. gas prices from climbing to a record high. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. "The oil is continuing to flow in, just through other means. Oil and Liquids TC Energy builds and operates safe and reliable energy infrastructure. Extracting the bitumen and diluting for shipment requires energy, most of it from burning fossil fuels. "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. Keystone pipeline shut after oil release into Kansas creek On Wednesday evening oil started spilling into a creek near the pipeline in Washington County, Kan., about 240 kilometres. 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. Climate Change Is Making It Worse, . Heres point number one: The Keystone XL Pipeline is nothing new. Dec. 11, 2022, 8:21 PM PST. That means the nation's refineries are producing more gasoline, diesel fuel and other oil products than the country needs, and exporting the rest. 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 month since Republicans took the House majority," they are trying to "impose a 30% tax on everything. 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/). hide caption. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. Rather, experts say gas prices are high due to other factors such as the global spike in the cost of crude oil and increased demand after pandemic lockdowns ended. Its symbolic of whether or not were willing to embrace the natural resources that we have in our country. All quotes delayed a minimum of 15 minutes. As mentioned, the arguments against the project center on the environment. Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. Gasoline is actually one of the nation's largest exports, going mostly to Latin America. In summary, Keystone is good for the economy, good for U.S. energy independence, and good for the American consumer. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. / CBS News. The Keystone pipeline, which President Joe Biden canceled, would have transported more oil per day than the U.S. imports from Russia, but it would not have been a simple offset. 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. On his first day in office, President Joe Biden signed an executive order revoking the permit for the Keystone XL pipeline, halting its construction in the U.S. TC Energy estimated in October that the pipeline would employ 11,000 Americans in 2021, generating more than $1.6 billion in wages. 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). By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. There is also an argument on the impact it may have on the long-term use of land and the harm it may cause to agriculture and cattle grazing. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or Partly false. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. In short, the U.S. needs to approve this pipeline to accommodate the increase in production. was to carry about 830,000 barrels a day of . Keystone XL, an expansion of an existing North American pipeline, would have carried 830,000 barrels of crude oil from Alberta, Canada, to Nebraska daily at its peak. At the time Mr. Biden. Supporters of Keystone say the project will benefit Americans because it will reduce the country's reliance on foreign oil. Environmentalists opposed the pipeline in part because of the oil it would carry oil sands crude from Alberta. 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. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. Pipeline opponents are invigorated by the Keystone XL decision and hope for more wins. 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. Get browser notifications for breaking news, live events, and exclusive reporting. 727-821-9494, The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. BILLINGS, Mont. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. 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. Biden's. However, existing Canadian oil pipelines all go to the Midwest, where the only buyer for their crude is the United States. 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. Campaign watchers rate the race as solid or safe Republican. "It's that as we produce more and more of these clean energy technologiesthey get more affordable for everyone. 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". The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. Environmental activists and indigenous communities hailed the cancellation, and traders and analysts said U.S.-Canada pipelines will have more than enough capacity to handle increasing volumes of crude out of Canada, the primary foreign supplier of oil to the United States (here). "That trend will continue whether Keystone is built or not," said Brian Milne, a refined fuels editor at Schneider Electric, an information provider. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. For example, the pipeline will increase the diversity of the U.S. petroleum supply. ", Psaki added the Department of Energy predicts that in 2023 the U.S. will "produce more oil than ever before.". A revised permit was resubmitted in May 2012 which contained an alternate route. See who is sharing it (it might even be your friends) and leave the link in the comments. Legal challenges continued against it, further stalling the project. ", People not vaccinated against COVID-19 came out the best. All rights reserved. This group will consider the impact to endangered species in accordance with the Endangered Species Act. Recent estimates are that the project itself will create about 43,000 permanent jobs. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. And, we also have the technology to assure that the environment will be protected. 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 . "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.". A cyberattack halted fuel movement through the Colonial Pipeline, which shifts gas from refineries in Texas to distribution centers on the East Coast, according to the US Energy Information System. "It's unfortunate that political obstructionism led to the termination of the Keystone XL pipeline. 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. Xl pipeline is a series of metal pipes that run from Alberta gas prices from climbing to a record.. American consumer and without jobs. `` pipelines, increasing shipping costs be informed. World 's second-largest exporter of crude oil imports and about 1 % of the nation 's largest exports going... Powered by diesel generator is emblematic of the crude oil, so producing it emits more greenhouse gases would!, called the Keystone XL in November 2015 and more of these can. The comments part of the oil is no dirtier than other forms of crude... 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