Rail is as safe as pipeline providing the rolling stock is not antique with insufficient breaking as happened in Canada. Instead of moving it to Texas, refine it in the North. It is not about safety or energy independence, the dumb shits are already echoing talking points fed to them. They don't even remember when their slack jaws were mouthing Biden would kill fracking. Why the U.S. isn't in desperate need of the Keystone XL pipeline https://www.cbc.ca/amp/1.5882313
You beat me too it with the article. The key statement I've read by others in the industry... ---------- "I really don't think that this works out to be a major, significant change to American oil supply right now," said Warren Mabee, director of Queen's University's Institute for Energy and Environmental Policy. "The flow of oil out of Canada ... is now a much smaller part of any big U.S. energy strategy. They've got the capacity in the States to be able to make up for that. They're not really counting on the additional capacity, the growth that Keystone XL would bring." ---------- Simply, keystone pipeline being dead will do very little to the United States. In contrast, it rightfully hurts Alberta because they went about this entirely the wrong way and disrespected many along the way. wrbtrader
Optimism on the Horizon? You bet cha! ‘We have seen the economy start to pick up,’ says incoming CEO of Warren Buffett’s railroad KEY POINTS Katie Farmer told CNBC on Friday that her industry has clearly been impacted by the coronavirus, but there’s optimism on the horizon. https://www.cnbc.com/2020/09/25/inc...way-railroad-katie-farmer-on-the-economy.html
Canada's Trans Mountain pipeline sees fortunes shine after KXL's demise https://finance.yahoo.com/news/canadas-trans-mountain-pipeline-sees-121408529.html The expansion of Canada's government-owned Trans Mountain pipeline assumes greater importance for the oil sector after the cancellation of rival Keystone XL reduced future options to carry crude, potential buyers say. Trans Mountain Corp, a government corporation, is spending C$12.6 billion ($9.9 billion) to nearly triple capacity to 890,000 barrels per day (bpd), a 14% increase from current total Canadian capacity. Prime Minister Justin Trudeau's government bought the 68-year-old pipeline in 2018 when previous owner Kinder Morgan faced legal hurdles to expand the 1,150-kilometre (715-mile) line running from Alberta to the British Columbia coast. Ottawa has always said it would find new owners. This week, U.S. President Joe Biden revoked the presidential permit for TC Energy's Keystone XL pipeline (KXL), undoing efforts by former President Donald Trump to build the line that would have supplied U.S. refiners with 830,000 bpd of Canadian oil. That decision has made the case for completing Trans Mountain's expansion stronger. "This pipeline is even more valuable now," said Joe Dion, chief executive of Western Indigenous Pipeline Group, one of several First Nations groups interested in buying Trans Mountain. "Everybody thought Trudeau wasn't going to get things done in Canada, and he's the one who successfully got a pipeline over Trump." Trans Mountain takes on more strategic importance with KXL cancelled, but it does not mean his group would pay more for it, Dion said. Trans Mountain has completed 22% of the expansion project, called TMX, which is scheduled for service in December 2022. Suncor Energy Inc, Canadian Natural Resources Ltd and BP PLC are among the committed shippers who have secured 80% of its additional capacity long-term. "All eyes are on TMX," said Delbert Wapass, executive chair of Project Reconciliation, a First Nations coalition that hopes to buy 51% this year. Sharing Trans Mountain's profits would help improve living conditions on First Nations, he said. Canadian companies have long struggled to secure top price for their crude as pipeline congestion forced them to sell at a discount. However reduced fuel demand due to pandemic travel lockdowns and advancing pipeline expansions have eased the flow. Even without KXL, Canada may have surplus export pipeline capacity once TMX enters service, said Matt Taylor, director of infrastructure research at investment bank Tudor Pickering Holt, who expects modest oil production growth to 2025. Ottawa plans to sell the pipeline once there are fewer risks to completion and consultations wrap up with First Nations, said Finance Ministry spokeswoman Katherine Cuplinskas. TMX has faced stiff opposition over spill concerns. A second government source said it bought Trans Mountain for its strategic importance, as its Pacific Ocean connection enables shippers to move oil to Asia, as well as the United States, which buys most Canadian crude. Now its importance is even greater, the source said. Enbridge Inc, which runs North America's Mainline oil network, also stands to gain from KXL's demise. It intends to sell long-term contracts for most of the Mainline's capacity, pending regulator approval, rather than continue to ration it on the spot market. KXL's cancellation frees up long-term commitments by shippers who may now sign Mainline contracts, Taylor said.
The United Association of Union Plumbers and Pipefitters (UA) backed Biden, you think they’d like to change their vote? ...................... The United Association of Union Plumbers and Pipefitters (UA) issued the following statement today following the news that the Biden-Harris Administration plans to rescind the permit and effectively end construction on the Keystone XL pipeline: “In revoking this permit, the Biden Administration has chosen to listen to the voices of fringe activists instead of union members and the American consumer on Day 1. Let me be very clear: When built with union labor by the men and women of the United Association, pipelines like Keystone XL remain the safest and most efficient modes of energy transportation in the world. Sadly, the Biden Administration has now put thousands of union workers out of work. For the average American family, it means energy costs will go up and communities will no longer see the local investments that come with pipeline construction,” said Mark McManus, General President of the United Association. New advancements in technology mean that these pipelines are a low-carbon method of energy transportation and a critical part of delivering affordable energy while achieving our shared climate goals. Keystone XL would not only be constructed entirely by union labor, but it would be the first pipeline fully powered by renewable energy.” “For eight years the Obama Administration delayed and blocked a decision on Keystone XL. Then the flawed process and mismanagement of the Trump Administration led to further delays and inaction over the last four years. Now, this planned decision by the Biden Administration makes it the third White House to fail the working families of the United Association and all Americans who rely on affordable and reliable energy to power their daily lives. Decisions on energy and infrastructure, especially when jobs are at stake, can only be made when the voice of the workers is in the room. We will keep fighting for Keystone XL and any infrastructure project that creates good jobs for the Brothers and Sisters of the United Association, and to make sure our members have a seat at the table. https://uagetinvolved.org/content/keystone-xl-decision-will-raise-energy-costs-american-families
Biden dropped the ball on this one...no way to dig himself out of it. he could have put a moratorium on progress for environmental review.
Well the issue being raised is that it was rushed through without environmental review and became a big sticking point. After all, we all benefit from making sure it is routed through and built up to standards to prevent any underground spill which could take quite some time to cap (a la BP). Nothing wrong with that. Dems want to block things for environmental reasons and GOP wants no regulatory protections or review. They are both extreme and 100% wrong. But it became jobs v the environment when it could have been achieved meeting both goals. There have been a lot of pipeline accidents in the U.S. and Canada but not real major disasters so the project could be done correctly.