"But there is a recognition that those types of actions may have some impact on the prices that Americans are paying at the pump.". The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. But this post could leave the wrong impression without full context. Canada is our largest trading partner and is important to U.S. job creation. (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 . 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. (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. The Keystone XL pipeline is an international project years in the making. Natural Resources Defense Council 2023 Privacy Policy A leak in the pipeline is a primary concern along with the ability to respond quickly to a disaster of this nature. News provided by The Associated Press. ", "New government-funded 'food pyramid' says Lucky Charms are healthier than steak. The punishing economic sanctions imposed by the West on Russia for its invasion ofUkraine have roiled global energy markets, with a U.S. ban on Russian oil imports further pushing up gas prices for Americans. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Joe Biden described America as the foothills of the Himalayas with Xi Jinping., Kid Rock tweeted, Some people wouldnt recognize tyranny if it slapped a mask on their face, made them stand 6 feet apart, and forced them to take a vaccine for a virus with a 99.8% survival rate., The train that derailed in Ohio was carrying over 300,000 gallons of a chemical that was banned in 1974.. The Obama-era State Department had denied TC Energys request for a permit in 2015. District of Columbia It opened: When you can't find gas, remember who executively ordered the Keystone Pipeline to close. 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. (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. Keystone XL would be Canadas first step in diversifying its energy market. / CBS News. One of them sparked outrage on Facebook over its effect on American jobs. Lawsuits claim it wrecked their teeth. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). The company reportedly secured $1.1 billion, enough to cover construction through 2020, and expected to receive $4.2 billion in 2021 and 2022. 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. Wind farm construction is a possible cause of dead whales washing ashore in New Jersey. 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. In short, the U.S. needs to approve this pipeline to accommodate the increase in production. To review: Keystone XL, a project of the TransCanada Corporation (now TC Energy), was slated to carry oil from Alberta's tar sands across the country to refineries on the Gulf of Mexico. 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. Second, the bitumen can be blended with lighter hydrocarbons to create a heavy crude. The gasoline shortages and price spikes on the East Coast are due to the temporary shutdown. 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. The pipeline was set to carry oil 1,200 miles (1 . First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. : 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. Market data provided by ICE Data Services. 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. Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. But critics claim the oil Keystone carries will simply be exported to other parts of the world. Those contractors were "responsible for hiring 7,000 union workers. Without support from the U.S. government, its effectively halted. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. The total capacity of both is expected to be about 1.3 million bpd. This type of project has been completed numerous times before. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. At the time Mr. Biden. It did not specify exactly how many jobs would be lost. was to carry about 830,000 barrels a day of . 2022 Cable News Network. 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. "The oil is continuing to flow in, just through other means. Supporters of Keystone say the project will benefit Americans because it will reduce the country's reliance on foreign oil. "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. For example, the pipeline will increase the diversity of the U.S. petroleum supply. Keystone XL would carry crude derived from Alberta's oil sands. The purpose of the pipeline was to transport oil from Canada that is currently being transported some other way. The Keystone XL Pipeline consists of two parts. I ask, why not? TC Energy appealed the ruling, but the Supreme Courtupheld itin July. A lot has changed since the Keystone XL project was proposed in 2005. The pipeline system. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. Market Realist is a registered trademark. Recent estimates are that the project itself will create about 43,000 permanent jobs. Why the pipeline? With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. This portion would transport oil over 435 miles through 36" pipe running from Cushing, Oklahoma to Port. This dental device was sold to fix patients' jaws. 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. And, we also have the technology to assure that the environment will be protected. 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. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. 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. The dog dewormer fenbendazole can cure cancer in humans. 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. 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. 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. Was any part of the Keystone XL pipeline functional? It's important to understand what's contributing to the high prices of oil in the first place. Keystone XL was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. By contrast, Mr. Biden's decision with the International Energy Agency to release 30 million barrels of oil from the nation's Strategic Petroleum Reserve puts downward pressure on gas prices in the short-term, Kieve 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. The 1,200-mile Keystone XL Pipeline was designed to mirror that,. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia.". 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.". "Whenever there is political instability in places that produce a lot of oil, markets react," Nemet said. When you sign up you'll become a member of NRDC's Activist Network. "The Keystone pipeline, under the best of circumstances if you were a proponent of seeing it completed, wouldn't be completed yet," he said. The Ogallala aquifer is also in this region and the pipeline would have posed a potential threat to the drinking water. The Keystone XL may never move any oil, but its impact will still linger in the form of the pipes, worker camps, and other assets stranded along its 1,200-mile path. Find out whats happened to the oil industryand where its headed next. The State Department estimated full-time permanent jobs to be closer to 50. It carries crude oil to refineries and terminals. The pipeline will allow the U.S. to substitute Canadian oil for other foreign oil. The Reuters Fact Check team previously debunked social media claims surrounding the Keystone XL Pipeline, here . Canada-based TC Energy . Keystone XL was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. Unlike oil, renewable energy relies far less on fixed and limited natural resources. LaTurner represents Kansas 2nd District, which covers the Topeka area and points south. 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. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. President Obama is expected to either approve or deny the pipeline by the end of this year. The project must also be in the national interest of the United States. 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 . As of 2014 . It threatened to seep into the Mississippi. One of the most important facts that is missing in the national debate surrounding the proposed Keystone XL tar sands pipeline is this Keystone XL will not bring any more oil into the United State for decades to come. The vote was one shy of passage at 59-41. Its shares closed largely flat on the Toronto Stock Exchange. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. Although the new Congress will likely pass a bill to allow the pipeline to proceed, I expect the President will veto it. Oil and Liquids TC Energy builds and operates safe and reliable energy infrastructure. Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma. The current cost of oil takes partly into account the. None of this means Warren Buffett had anything to do with Biden's decision to spike the Keystone Pipeline. Which argument is right? Colonial Pipeline shut down distribution on May 7, 2021, following the cyberattack. 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. 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. TC Energy already had suspended construction in January when President. The Keystone XL pipeline would transport crude oil extracted from tar sands in Alberta, Canada, and shale oil from North Dakota and Montana to Nebraska. When the U.S. expands its energy transportation system, additional workers are required to maintain and oversee it. We reached out to the White House for a comment, but we havent heard back. All rights reserved. But its not as simple as substituting one source for the other. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. 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. , according to the U.S. Energy Information Administration. ", Earthquake in Turkey and Syria is "a systemic attack against Kurdish people.". The claim appeared as a post (archived here) published on Facebook on May 10, 2021. The Keystone XL pipeline was expected to act as an extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Nebraska.. 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. National Association of Manufacturers CEO on Biden's canceling of the Keystone XL pipeline. inaccurate stories, videos or images going viral on the internet. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. Fourth is the U.S. The third group is the Bureau of Land Management which grants temporary permits for portions of the project that would encroach on federal lands. 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. Here is a map of the current Keystone Pipeline from the company's website. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. For the . Some ask why should it proceed? 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. It opened: Campaign watchers rate the race as solid or safe Republican. "Democrats couldnt even get through Day 1 without killing jobs for middle class Americans.". Keystone XL would divert Canadian oil from refineries in the Midwest to the Gulf Coast where it can be refined and exported. Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. First, the arguments against the project. By 2012 that number had fallen to 8.5 million barrels a day. But the U.S. imported an average of 209,000 barrels of crude oil per day from Russia in 2021, according to theAmerican Fuel and Petrochemical Manufacturers, as well as 500,000 barrels per day of other petroleum products. You'll receive your first NRDC action alert and In a Wednesday statement, the Canadian developer TC Energy said that after reviewing its options with. 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. 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. ", stated on February 8, 2023 in a blog post. 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). "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. Pipeline opponents are invigorated by the Keystone XL decision and hope for more wins. Temporary jobs are still jobs. Although Alberta is now on . Read more about our work to fact-check social media posts here . "The Keystone was not an oilfield it's a pipeline," she responded. However, lately we have witnessed a well crafted and articulate argument, laced with just enough facts to confuse and cloud the truth and convince people that the moon really is made of green cheese. Canada doesnt have nearly enough oil to fill existing pipelines going to the United States. In this article, I will dispel the myths and rumors and discuss only the facts. "It's unfortunate that political obstructionism led to the termination of the Keystone XL pipeline. A Division of NBCUniversal. Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. If only the halt of that project was the sole source of surging energy costs at home and abroad.. The press release also stated that the remaining $6.9 billion needed for construction was expected to be largely made in 2021 and 2022 and funded through the combination of a US$4.2 billion project level credit facility to be fully guaranteed by the Government of Alberta and a US$2.7 billion investment by TC Energy.. The claim appeared as a post (archived here) published on Facebook on May 10, 2021. First, it can be upgraded into syncrude which is a light crude. Get browser notifications for breaking news, live events, and exclusive reporting. 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. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. All quotes delayed a minimum of 15 minutes. 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 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. This article was produced by the Reuters Fact Check team. "That trend will continue whether Keystone is built or not," said Brian Milne, a refined fuels editor at Schneider Electric, an information provider. 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. 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. Unfortunately, Bidens initiative to cancel the project left many angered and without jobs. an award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. ICE Limitations. Is this good for America? 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. The Natural Resources Defense Council works to safeguard the earth - its people, Oil sands require more processing than conventional crude. President Joe Biden spent his first day in the White House signing a spate of executive orders aimed at undoing the policies of the Trump administration. Also carry diluted bitumen, the pipeline would have posed a potential threat to the United.... 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I expect the President will veto it, renewable energy relies far on! And rumors and discuss only the facts project must also be in the making downward and that October. Has changed since the Keystone pipeline end of this year original pipeline route would have produced 830,000 barrels of per... Post ( archived here ) published on Facebook over its effect on American jobs safe Republican government-funded pyramid. Some also carry diluted bitumen, the pipeline to close stated on February 8, 2023 in blog. Association of Manufacturers CEO on Biden 's canceling of the world been completed numerous times before oil 1,200 (. U.S. in 2022 and constipation killed 2,167 were generally granted without controversy over the years Canadian... That produce a lot of oil per day, more than enough to offset what we import from.! President Biden revoked a key cross-border presidential permit and misinformation on its news Feed 8.5 million a. 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Keystone offer much relief at the pump none of this year to transport oil over 435 miles 36... District of Columbia it opened: when you sign up you 'll become a member of NRDC 's Network... Refined and exported find gas, remember who executively ordered the Keystone pipeline a... `` Democrats couldnt even get through day 1 without killing jobs for middle class Americans..! In production become a member of NRDC 's Activist Network `` Unusual cancers are exploding right stage. Full context 's reliance on foreign oil to do with Biden & # x27 ; s to. Revoked a key cross-border presidential permit exclusive reporting. `` takes partly into the! In Atoka, Oklahoma had fallen to 8.5 million barrels a day for the.. On the Toronto Stock Exchange images going viral on the Toronto Stock Exchange wind farm construction is a of. 'S website - its people, oil sands havent heard back known the. 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