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So if Canada is going to sell it to us anyway, would we rather have it transported by trains and barges, or by pipelines? To my knowledge, pipelines are the safest and most environmentally responsible means of transporting large quantities of liquids over long distances. So why does Biden want to do something that will end up harming the environment more?
Isn't big time Democrat donor Warren Buffet an owner of railroads that would be the alternative means of transport?
This forum has developed a really bad habit of taking stories that speculate of future events via 2nd hand sources and then presenting them as reality.
Back to the Future post is what I'm going to start calling these.
How much of the Keystone and related pipelines have already been built? And will now be wasted?
just think of all the million in pipe and supplies that cannot be returned and will rot in storage, that will still have to be paid. it be cheaper just to finish it
just think of all the million in pipe and supplies that cannot be returned and will rot in storage, that will still have to be paid. it be cheaper just to finish it
It will be sold.
Quote:
The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.
“If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason Kenney said in a press conference Monday. “That would offset construction costs.”
Calm down. Energy independence was achieved because of the Obama/Biden administration. Trump did nothing but hurt oil prices (although the cheap gas is nice.)
The energy industry knows it will do better under a Biden administration. Just look at their stocks.
The company who owns the pipeline effectively cancelled it 2 1/2 years ago when they stopped working on it.
They stopped because the prices of oil are so low and the supply is so high the pipeline isn't needed anymore. It was supposed to pump Canadian oil to American ports, making it most expensive oil than American oil.
The over-supply isn't being sold down because Russia is dumping its oil on the market, and it has a flood of unsold oil.
Oil has lost out to natural gas in the commercial sector and to electric and hybrids in autos. It's days are ending as a dominant economic force.
Since the pipeline was always a danger to the Ogallala aquifer, the main water source for 3 plains states, why not end it officially when it's already ended unofficially? We need sweet water to be secure in the future now more than oil.
Sigh. Energy independence was nice while it lasted.
The Keystone pipeline was designed to bring oil to the Gulf ports, to be exported to other countries (like, guess who? China!) This was always about making profits for Standard Oil, etc and never about reducing costs for American consumers.
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