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re: Trump reportedly plans to revive the Keystone pipeline
Posted on 11/24/24 at 6:42 pm to Homesick Tiger
Posted on 11/24/24 at 6:42 pm to Homesick Tiger
quote:
It appears it's not that simple.
First you get transportation agreements in place then you build it (TransCanada Pipeline in this case).
The reason why the president has control over the pipeline is due to the fact it crosses international borders. The permit comes from the State Department for international pipeline. The FERC for interstate pipelines and state permitting agencies for intrastate pipelines.
0
Posted on 11/24/24 at 6:47 pm to Fat Man
Warren Buffet is the single largest financial benefactor of that project being killed. His railroad has a monopoly to haul Canadian crude to the Gulf Coast. The railroad with the same monopoly on the East Coast lines is majority owned by Blackrock.
Posted on 11/24/24 at 6:51 pm to TN Tygah
quote:
I know we were dependent on foreign oil otherwise Biden wouldn’t have gone to Saudi Arabia for help, but, how was this possible if we were a net exporter?
Because at the time oil was $90+/bbl and gasoline near or at all time highs. Not all his fault, but optics of his politics at the time wasn’t helping either.
So he had to make it look like he was “doing something”, because midterm election season was approaching. So he begged the Saudis and he went on TV lying to the American people that industry was intentionally not drilling, when in fact, industry was reeling from the Covid shutdown crash. It was tough to ramp up responsibly and safely because a ton of good experience and tenure left the oilfield in 2020 and wasn’t returning. And supply chain issues for materials was rampant as well.
But all those facts didn’t stop piece of shite politicians from being larger pieces of shite.
Posted on 11/24/24 at 7:07 pm to Icansee4miles
quote:
Warren Buffet is the single largest financial benefactor of that project being killed. His railroad has a monopoly to haul Canadian crude to the Gulf Coast.
He’s also a big investor (or Berkshire is) in midstream companies. So he’s not opposed to pipelines.
Posted on 11/24/24 at 7:37 pm to Homesick Tiger
You build it quicker
Posted on 11/24/24 at 7:51 pm to Wolfwireless
quote:
Biden declared war on the oil companies, and shut down a large percentage of production. Then went and made it dreadful for them to secure new drilling locations.
energy policy under Biden and trump
quote:
Boosting and restricting oil and gas drilling
Both the Trump-Pence administration and the Biden-Harris administration took actions that supported additional oil and gas drilling. Both also took actions that restricted additional oil and gas drilling.
Trump has been aggressively pro-fossil fuels in his rhetoric and actions, dating back to his first run for office. Under his administration, the federal government leased more land for drilling in the Arctic National Wildlife Refuge, the National Petroleum Reserve-Alaska and in the Utah wilderness.
To further help the industry, Trump urged agencies to waive environmental reviews and loosen regulations in ways that could speed up permits for pipeline construction and other energy infrastructure.
The Trump administration also opened more U.S. coastal waters for oil and gas leasing, but Trump later rolled this back, banning coastal drilling for 10 years in the eastern Gulf of Mexico and the Atlantic coasts of Florida, Georgia and South Carolina. At the time, opposition to drilling in those states threatened several Republican candidates’ 2020 election bids.
The Biden-Harris administration focused on clean energy and climate change. It issued several regulations targeting fossil fuels, including efforts to reduce methane leaks from natural gas pipelines and increasing the royalties that companies pay for production on federal lands. In 2021, it issued a moratorium on new federal leases for oil and gas, but that was blocked by a federal judge.
However, the Biden-Harris administration also gave the go-ahead for the nation’s largest oil drilling operation, ConocoPhillips’ vast Willow project in Alaska. And the Inflation Reduction Act of 2022, considered the administration’s signature climate law, included additional oil and gas leasing and incentives to capture carbon
There's an excellent graph on how production of us oil is up even from trump under Biden.
This post was edited on 11/24/24 at 7:52 pm
Posted on 11/24/24 at 8:02 pm to oklahogjr
Liberals sent to internment camps should be made to dig the pipeline.
Posted on 11/25/24 at 9:46 am to Homesick Tiger
Posted on 11/25/24 at 10:32 am to Fat Man
quote:To be clear, the original pipeline was not effected. The controversy only involves the XL, and most ,if not all, production from it would be for export .
Who benefits by the pipeline NOT being built? My understanding is the Canadian oil is currently shipped by rail (less efficient and more dangerous than a pipeline).
Posted on 11/25/24 at 12:08 pm to makersmark1
quote:
Could “the camps” be built alongside it and the border wall?
Bundle and save!
Posted on 11/25/24 at 3:43 pm to Homesick Tiger
Keystone has been in operation for almost 15 years.
Capline, which is larger than Keystone XL has been reversed. The reversal was at a lower capacity than its 1.2 million BPD former capacity. This would be easy to increase if demand was there. It is operated by Marathon Petroleum which has heavy crude refineries. Since Keystone XL is for Western Canadian Blend, a heavy crude. There must not be enough demand from Gulf Coast refineries.
Capline, which is larger than Keystone XL has been reversed. The reversal was at a lower capacity than its 1.2 million BPD former capacity. This would be easy to increase if demand was there. It is operated by Marathon Petroleum which has heavy crude refineries. Since Keystone XL is for Western Canadian Blend, a heavy crude. There must not be enough demand from Gulf Coast refineries.
Posted on 11/25/24 at 3:48 pm to Icansee4miles
quote:
Warren Buffet is the single largest financial benefactor of that project being killed. His railroad has a monopoly to haul Canadian crude to the Gulf Coast.
CN (Canadian Northern) railroad gets this crude oil, not Buffett's BNSF.
Buffett did get Bakken crude but that is all coming via pipeline now. He does get the low sulfur coal from SW Wyoming that no one wanted until Newtron's EPA legislation.
Posted on 11/25/24 at 3:50 pm to Homesick Tiger
It’d be a huge win if he did
It’s long overdue
Liberals whine about a pipeline but oil is going to be moved by much more dangerous methods otherwise
Posted on 11/25/24 at 4:11 pm to SlidellCajun
This pipeline will do absolutely nothing to lower prices this heavy crude will be a disaster if an accident happens . The crude is sold to other countries why would anyone won’t this ?
Posted on 11/25/24 at 5:01 pm to Mr Cell Phone
quote:
The crude is sold to other countries why would anyone won’t this ?
Exports of Canadian are down to zero from the Gulf Coast since Trans Mountain Express was built to the Vancouver area. We have 11 refineries, major ones, in Texas and Louisiana configured for heavy and very heavy crude. We are exporting most of the tight shale crude produced in the USA due it really doesn't fit refineries here.
Posted on 11/25/24 at 9:43 pm to Mr Cell Phone
quote:
This pipeline will do absolutely nothing to lower prices this heavy crude will be a disaster if an accident happens . The crude is sold to other countries why would anyone won’t this ?
It absolutely will help to lower crude prices as it loosens up delivery and is more cost effective method of delivery. It lowers distribution cost.
Pipeline disasters are far less likely than a barge or train accident. Pipelines can be efficiently halted if an incident occurs too.
Barge incidents on crowded waterways can be hugely disruptive. Same for train incidents…
Posted on 11/26/24 at 6:35 am to oklahogjr
quote:
The Biden-Harris administration focused on clean energy and climate change
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