Cheney is expected to be replaced by Elise Stefanik. A look at why droves are leaving the state. Trillions of dollars are invested in facilities and machines around the world that are dependent upon existing carbon fuels (coal, oil, and natural gas). According to the International Energy Agency’s 2012 Key World Energy Statistics, carbon fuels continue to supply more than 90% of the world’s total energy consumption of 8,677 Mtoe (million tonnes of oil equivalent), or almost 14.1 trillion kilowatt hours. The proposed Keystone XL Pipeline will transport approximately 800,000 barrels of crude per day, roughly the equivalent of 3,750 tanker truck loads, delivering a load every 25 seconds around the clock, not including those trucks in transit to and from refineries over highways and bridges badly in need of repair and replacement. Since that time, the pipeline’s planned route has been changed to avoid potential harm to the Ogallala Aquifer and is currently awaiting final approval from the State Department. The pipeline would come dangerously close to the Northern High Plains Aquifer system, a major drinking water source, and – since aquifers, unlike rivers, cannot be dredged or have oil removed – a spill here could dwarf the effects felt by pipeline spills in Montana’s Yellowstone River (2011) and Michigan’s Kalamazoo River (2010). Our Capital Letter email newsletter delivers a weekly digest on finance, business, and economics from an NR sensibility. The Keystone XL pipeline disserves the U.S. national interest. As the world price of oil has risen, unconventional sources of oil and natural gas have become economical. Estimates for the number of temporary construction jobs the Keystone XL pipeline would have created range from 2,500 to … Maybe the Pipeline Terrorists Are Just Environmentalists, Biden’s Foolish Sabotage of the Keystone Pipeline, 14 State AGs Claim Biden’s Keystone Pipeline Decision ‘Will Result in Devastating Damage’, In Rural Montana, Locals Pinned Hopes on a Keystone Lifeline. From the dawn of the species, firewood (renewable biomass) provided the energy to heat our homes and cook food, gradually being replaced by fossilized fuels beginning with the Industrial Revolution. The California surplus shows Democrats the federal government sent them $27 billion they do not need. The Keystone XL Pipeline is essentially a line of pipes that stretches from Alberta, Canada all the way to Houston, Texas. The tar sands oil will be produced by Canada regardless of how or if the product moves to the United States, thus the environmental effect upon the atmosphere will be unchanged by any decision about the pipeline extensions in the United States. Then Biden Killed It, Deb Haaland Could Be a Disaster at Interior, The Cost of Biden’s Ban on Oil and Gas Leasing, Keystone XL Pipeline Vows to Use Only Renewable Energy as Biden Eyes Revoking Permit, Obama’s Keystone Veto Is a Victory for the Lunatic Left, Kneecapping the Oil Industry Won’t Help the Economy or the Environment, The ‘Temporary’ Biden Pause on Fossil-Fuel Leasing on Federal Lands. Also, despite the president’s supposed priorities, the executive order would lead to the destruction of 10,000 union jobs, as well as the $500 million allocated for indigenous suppliers and a $10 million fund for green-jobs training. Watch Rich Lowry, Kevin Hassett, Kevin Williamson, Ramesh Ponnuru, and Andrew Stuttaford discuss Capital Matters, our new initiative on business, finance, and economics. 6. Keystone has led to thousands of good-paying jobs, now snuffed out with the stroke of a pen. According to an analysis by the Cornell University School of Industrial and Labor … Refining the tar sands oil within the United States for domestic use or export reinforces the economic cooperation between Canada and the United States while maintaining important options for the latter to direct the refined product to “friendly” allies. The expanded pipeline would transport a carbon-rich crude oil and dilbit (diluted bitumen), which is potentially much more harmful to the environment if spills occur. A Pipeline Is the Best Way to Transport Oil Over Long Distances While approval of the Keystone pipeline extensions makes economic and strategic sense, the evidence is incontrovertible that the increasing use of carbon fuels is a major contributor to global warming and climate change. OKLAHOMA CITY (KOKH) - In a letter to President Biden, Attorney General Mike Hunter outlined why the Keystone XL Pipeline is good for Americans, the … During that same time period, pipelines annually spilled 37 times as much as tankers, according to Dagmar Schmidt Etkin of Environmental Research Consulting. 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. Building the sustainable economy, not the Keystone pipeline, will create far more jobs: Our nation is … Fauci quibbled with Paul’s definition of gain-of-function research during the exchange and refused to condemn the practice as dangerous. Now, as attorney general, one of my most important responsibilities is protecting the state’s economic activities from unlawful federal intrusion. Opponents of the Keystone XL and Dakota Access pipelines hold a rally as they protest US President Donald Trump's executive orders advancing their construction, at … (A pipeline is a far better and safer way to transport crude oil than freight is.) This is an argument for losers. Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.com receives compensation. 10 Reasons I support the Keystone Pipeline, & you should too! 2. We’ll deliver The Capital Note to your inbox each weekday. Keystone was first proposed in 2005 by TransCanada Corporation and consists of four phases. Oil From the Athabasca Tar Sands Will Be Produced Regardless The fact of the matter is that the pipeline has been evaluated as environmentally safe, and provides a valuable resource from a friendly, secure, and reliable trading partner and ally. Engineers project that the oil sands can sustain daily production of 2.5 million barrels for 186 years. Hamas's decision to exploit the unrest in Jerusalem and shoot rockets into the highly populated Tel Aviv area is likely to trigger a forceful response. As a consequence, industrialized countries (including the United States) seek to gradually transition to more environmentally friendly energy sources while maximizing the efficiency of the carbon oxidation process and minimizing harmful emissions. Indeed, by revoking Keystone’s permit, President Biden is relegating these workers to the unemployment line, when our country can ill afford to strain our already overstressed unemployment system. Also, pipelines have a lower spill rate per barrel transported than either trains, trucks, or barges. Tar sands development and the Keystone XL pipeline that would enable a ton of that was essentially “the fuse to the biggest carbon bomb on the planet.” Get Jim Geraghty’s tour of the political news of the day. The reputation of the Keystone pipeline is already a proven commodity with a history that can be verified independently. Two planned expansions of the Keystone XL Pipeline – a controversial 1,170-mile line through Baker, Montana to Steele City, Kansas and on to Cushing, Oklahoma, and a second 485 mile-line from Cushing to the Gulf Coast refineries in the Texas cities of Port Arthur and Houston – have launched political battles between Republicans and Democrats, environmentalists and “big oil,” and individual landowners and states exercising eminent domain rights. Climate Eyes Are on China, But What about ASEAN? The Evolution of Society Depends on the Conversion of Energy Biden officials and allies have repeatedly denied that aggressive government spending will exacerbate inflation. }); The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. On March 22, 2012, President Obama announced his approval of the Cushing/Gulf Coast expansion and urged regulators to “fast-track” necessary approvals necessary to beginning construction. Studies have shown pipelines are the safer and greener alternative, producing less greenhouse gases than trains. Oil and gas production from new horizontal drilling techniques and fracking technology may make the U.S. energy independent by 2020. The president should reverse course. Don't drink the water... From the ground to the pipe to the refineries, Keystone's tar sands oil, with its … googletag.enableServices(); Why the soft-drink giant is pulling back from its left-wing posturing. If the Keystone pipeline isn't built, some experts say, "the most toxic fossil fuel on the planet" will still find its way to the surface. 9. © 2021 Money Crashers, LLC. Coal, oil, and natural gas remain the primary source of energy for the world, providing two-thirds of the world’s energy today versus biofuels’ estimated 12.7%. At the same time, Americans and the rest of the world must pursue energy policies that allow the continued progress of every nation while reducing the threat of hardship, possibly extinction, to future generations. Part of the oil that will be shipped through Keystone XL will come from the Bakken Shale formation, which is located in Canada. 7. The northern extension of the XL Pipeline is needed to transport “light tight oil” from Montana and other western states in addition to the heavy crude oil of the tar sands of Athabasca. Dubious policy ought to never be prioritized over the real and immediate needs of hard-working American families. References to products, offers, and rates from third party sites often change. Biden Set to Push Critical Race Theory on U.S. Schools, Texas Democrat Resigns after Calling Tim Scott an 'Oreo', The Pointless, Meddling State-and-Local Bailout, Consumer Prices See Largest Yearly Jump Since 2008 as Evidence of Inflation Mounts, House Republicans Vote to Oust Liz Cheney from GOP Leadership, Chip Roy Comes Out against Stefanik for GOP Conference Chair, Manchin, Tester Reluctant to Extend Enhanced Unemployment after Poor Jobs Report. These forms of transportation also increase emissions. These assets cannot be economically abandoned, nor easily converted to other energy sources. Within hours of taking office, President Joe Biden signed an executive order rescinding the permit for the Keystone XL pipeline. Yet in addition to the cancellation’s adverse economic consequences, it also negatively affects health and human safety. Controlling Access to the Canadian Oil Is Strategically Important to the United States When pipelines are built, they are typically laid and … The death of Keystone XL is a good sign for future environmental fights He has also been a Registered Investment Adviser with the SEC, a Principal of one of the larger management consulting firms in the country, and a Senior Vice President of the largest not-for-profit health insurer in the United States. In Oklahoma, oil and gas production employs thousands, pumps millions of dollars into local economies, and creates billions of dollars in economic activity. In his 2006 article “History of Energy” for The Franklin Institute, Dr. James Williams wrote that the “standard of living and quality of civilization are proportional to the quantity of energy a society uses.” As a consequence, societies will not willingly reduce the quantity of energy necessary to maintain their existing economies. 3.Trillions of Dollars Are at Stake The pipeline was set to be privately financed, with the cost of construction shared between TransCanada, an energy company based in Calgary, Alberta, and other oil shippers. Despite the general public perception that the link between global warming and our activities is uncertain, the overwhelming consensus of climate scientists (97.4%) agree that “global warming is caused by man.” According to the United States Environmental Protection Agency, continued warming will have drastic consequences on human life: Simply speaking, our global society is and has been raiding the larder of fossil fuels built up by nature over eons, releasing millions of tons of carbon dioxide (CO2) into the atmosphere and upsetting the balance between the carbon released into the atmosphere and carbon consumed from the atmosphere by photosynthesis. googletag.cmd.push(function() { But these economic realities are just some of the reasons why ending the Keystone XL pipeline is a bad policy for America. – 14 Factors to Help You Decide the Best Place, 26 Best New Bank Account Promotions & Offers – May 2021, 14 Best Paycheck Advance Apps to Help You Make It to Payday, 18 Great Career Fields for the Future (Next 10 Years), Top 33 Jobs That Require Little or No Experience, Corporate Average Fuel Economy (CAFE) standards, How the U.S. Can Eliminate Dependence on Foreign Oil by 2021, Why Gas Prices Are Rising So High - Reasons for Fluctuations, 10 Best Outdoor Adventure Vacation Destinations on a Budget, How to Invest in Oil Wells & Gas - Types of Buying Opportunities, 6 Best Low-Risk Investments as You Near Retirement, 5% to 15% reductions in crop yields as currently grown, 3% to 10% increases in the amount of rain falling during heaviest precipitation events, 5% to 10% decreases in stream flows in some rivers including the Arkansas and Rio Grande, 200% to 400% increases in wildfire burn areas in Western United States. Should you need such advice, consult a licensed financial or tax advisor. Get Kevin D. Williamson’s newsletter delivered to your inbox each Tuesday. To anyone truly interested in optimizing health and human safety for the American people and our friends in Canada — as well as protecting the environment and promoting well-paying jobs — supporting Keystone XL is a no-brainer. Become Energy Independent The Oxidation of Carbon Will Remain the Primary Energy Source for the 21st Century Some have advocated railroad tanker cars to transport the oil if the pipeline is not approved. However, a Canadian pipeline to British Columbia as proposed by the Canadian Prime Minister eliminates potential oil resources and reduces United States influence. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others. Pipelines Transport Oil and Gas in Safe Corridors. Again, the impact will be felt not just in Oklahoma: The pipeline here increases the transport of oil to Cushing, one of the largest transshipment and oil-storage locations in the world. The two best ways to do this are to destroy America’s fossil fuel industry, including the pipeline (and, therefore, its energy independence and source of energy which drives our incredibly productive economy) and eliminate the US dollar as the world’s reserve currency. The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC Energy and as of 31 March 2020 the Government of Alberta. One year later, he announced that a decision on the northern section of the pipeline would be forthcoming. The pipeline fight is a huge win for Native Americans “There is every reason to celebrate the end of a decade-long fight against Keystone XL. There are several other government initiatives to reduce our carbon footprint: Solving the environmental problem will require all of mankind’s ingenuity, creativity, and universal resolve  to abate and eventually reverse the current levels of emissions before an unrecoverable disaster occurs. A planned 1,179-mile (1,897km) pipeline running from the oil sands of Alberta, Canada, to Steele City, Nebraska, where it would join an existing pipe. In fact, 43% of the volume of all oil spills between 1980 and 2002 came from pipelines, according to the EPA. No charge. In fact, the impact report stated that the State Department expected extraction of oil in Canada and changes to the environment “regardless of any potential effects” from the Keystone XL project. Is Keystone pipeline good for the environment? Throughout my career, I have worked in the industry at almost every level: first, as a roustabout in college to help pay my way through school, then as an attorney in the private sector and general counsel to the state’s oil and gas regulator. At the same time, new sources of hydrocarbons, particularly oil, within U.S. borders and the North American continent, will continue to be sought, developed, and exploited for economic and geopolitical purposes. In response to the president’s decision, lawmakers have introduced legislation to mandate continuation of the project, estimating that the pipeline’s expansion would create 11,000 “direct high-paying jobs” and “up to 60,000 indirect and direct jobs.”. No charge. Its purpose is to transport Canadian crude oil to American refineries. The president justified revoking the pipeline’s permit on the grounds that the status quo undermined U.S. climate leadership. Joe Biden has not yet been sworn in, but already, he is at war with American energy -- which is to say, at war with American prosperity. Approximately 1.7 million barrels per day of heavy crude oil was produced from the Athabasca oil sands in 2011, and production will increase in future years. The Keystone pipeline is & always has been a disaster. A percentage of affiliate-program purchases made on this site (e.g., Bookshop.org) go to support NR’s quality conservative journalism. To put another way, Keystone XL will have the capacity to transport 830,000 barrels of oil a day, which would require 4.3 million train cars a year to transport by rail. Standing up for the millions or even billions of people who rely on clean water and a livable climate by not rushing a full review is the right thing to do. Why the Keystone pipeline is bad. The president should reverse course. MoneyCrashers.com does not include all banks, credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. I’m delighted that Joe Biden will cancel the Keystone permit on his first day in office. Some analysts believe that the United States will stop importing oil as a result of the new supplies. It is difficult to determine the actual and/or likely impact of the XL During his 40+ year career, Lewis created and sold ten different companies ranging from oil exploration to healthcare software. With approval of the Keystone XL Pipeline extensions, the financial assistance provided by the Federal Government to public/private partnership Carbon Capture & Sequestration (CCS) activities through the American Recovery and Reinvestment Act (AARA) should be maintained and increased. Roy pointed out that Stefanik voted against the 2017 tax cuts, and opposed much of the president's border agenda including funding for a border wall. He's a father and grandfather, who also writes non-fiction and biographical pieces about growing up in the plains of West Texas - including, The Pros & Cons of Cryptocurrency as a Digital Investment, How to Get Paid to Walk & Stay Fit – 19 Apps to Earn Money, How to Write a Quote for Freelance Work – What to Include for the Project, Where Should I Live? J oe Biden scrapping the Keystone XL permit is a huge win for the Indigenous-led climate movement. The oil sands of Alberta account for 98% of Canada’s proven oil reserves (more than 188.7 billion barrels) –  more than 30% of the GDP of Alberta – and generated more than $3 billion in royalties to the government in 2010 and 2011. A weekly digest on business and economics from an NR sensibility. Jobs Creation. googletag.defineSlot('/1035677/MoneyCrashers_', [[300, 139], [300, 360], [630, 139], [630, 475], [630, 250], [1, 1], [300, 250], [300, 475], [630, 360]], 'div-gpt-ad-1590780665633-0').addService(googletag.pubads()); The Keystone XL Pipeline extensions make economic and environmental sense in view of the alternatives available today. US-produced oil would also be transported by Keystone XL, albeit in smaller quantities than Canadian. The International Energy Agency predicted in November 2012 that the United States would replace Saudi Arabia as the world’s leading oil producer by the end of the decade. Keystone XL Would Have Increased Domestic Oil Prices. After more than 5 years of wait, it is safe to say that the project is ready to come out … While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. It promotes US oil development in addition to supporting Canadian development. The woke revolution in the classroom is about to go federal. Estimates for jobs related to the pipepline run everywhere from 6,000 to a … The Keystone XL pipeline extension, proposed by energy infrastructure company TC Energy (formerly TransCanada) in 2008, was designed to transport the planet’s dirtiest fossil fuel to market—fast. The United States consumes about 20% of the world’s energy, with only about 4.5% of the world’s population. Each train would be approximately two and a quarter miles in length and require five to six locomotives with corresponding emissions. As a fourth-generation Oklahoman, I know the importance of the oil and gas industry to the state and region. It May Help the U.S. As a result of the delays in approval for the Keystone XL Pipeline, Canadian Prime Minister Stephen Harper has proposed an alternative pipeline within Canadian borders that would carry the oil from Alberta to the coast of British Columbia to be shipped by tankers to China. Currently, Canadian oil reserves stored in … What's Good About Keystone. 4. Under President Barack Obama, the State Department published an environmental impact report in 2014 that posited that the pipeline expansion would not have a serious or even substantial impact on greenhouse-gas emissions. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. While domestic sources of petroleum have been rising, the need for energy is also increasing worldwide. During the past presidential campaign, the Keystone XL Pipeline became a political football. If you’re a treehugger, kids, you should be focusing your painting-colorful-protest-sign energies on carbon tax, higher energy efficiency standards/retrofitting and climate change mitigation research. The United States and the world face a climate crisis. The Keystone, owned by TransCanada, is one of many crude oil pipelines currently crossing the border between the United States and Canada, including the Express and Enbridge lines. Because it represents one more step in the destruction of America, a primary goal of the globalist elites who control most of the Democrat party. That crisis must be met with action on a scale and at a speed commensurate with the need to avoid setting the world on a dangerous, potentially catastrophic, climate trajectory. What do you think? Michael R. Lewis is a retired corporate executive and entrepreneur. googletag.pubads().enableSingleRequest(); Since when do we need the cops to intervene in the recreational stabbings of our youth? 1. With all of the major crises facing America, we must never lose sight of the most existential threat facing our planet: climate change. Keystone has led to thousands of good-paying jobs, now snuffed out with the stroke of a pen. It offers thousands of good-paying jobs and optimizes health and human safety for the American people. Are you willing to accept the risks of nuclear power, for example, or a reduced living standard in order to save the planet?window.googletag = window.googletag || {cmd: []}; NR Daily is delivered right to you every afternoon. We may have financial relationships with some of the companies mentioned on this website. The April jobs report fell well short of expectations and Republicans are blaming enhanced unemployment benefits for workers staying home. Environmental critics of the pipeline argue that it will increase America’s reliance on fossil fuels and exacerbate the climate crisis. It is difficult to determine the actual and/or likely impact of the XL Pipeline extension from the rhetoric emanating from the various sides of the controversy. Many Americans, however, are surprised to learn that the Keystone Pipeline already exists, transporting since 2010 590,000 barrels of “heavy” crude oil a day, 2,148 miles from the oil sands surrounding Hardisty, Alberta, Canada to Steele City, Nebraska and subsequently to holding facilities in Patoka and a ConocoPhillips refinery at Wood River, Illinois. googletag.pubads().setTargeting('subcat', []).setTargeting('category', ['savings']); These projects are aimed at reducing and capturing emissions at their source and segregating the harmful CO2 from the atmosphere. Rand Paul Urges Fauci to Abandon Gain-of-Function Research, Citing Possible COVID Lab Leak, Five Magic Words to Fix the Economy: Go and Get a Job. Environmental efforts to reduce CO2 emissions would be more effective by advocating and instituting regulations that reduce emissions and speed the transition to alternate fuels. The Keystone XL pipeline was intended to carry oil from Canada to U.S. refineries along the Gulf of Mexico, running by a shorter route than the previous phases of the project. 5. Mike's articles on personal investments, business management, and the economy are available on several online publications. Unfortunately enough, these serious consequences reveal how working-class Americans who voted for President Biden are the ones who will suffer the most as he focuses on an ideological, rather than fact-based, climate agenda. ‘It was insensitive, and I have embarrassed myself and my party by its use,’ O’Connor said. The pursuit, acquisition, and protection of long-term, stable energy sources are fundamental to the United States’ economic and geographical security. Tribal nations and Indigenous movements hope it will be a watershed moment for bolder actions.” — Nick Estes, Guardian. However, the following points about oil and other carbon forms of energy – as well as their impact upon United States policies – are generally agreed upon by both sides and, from a pragmatist’s view, justify approval of the extension: 1. 13 Best Cash-Back Credit Cards – Reviews & Comparison, 8 Best Low APR Interest Credit Cards – Reviews & Comparison, 20 Best Travel Rewards Credit Cards – Reviews & Comparison, 15 Best Hotel Rewards Credit Cards – Reviews & Comparison, 13 Best Gas Credit Cards – Reviews & Comparison, 12 Best Credit Cards for College Students – Reviews & Comparison, 26 Best Small Business Credit Cards – Reviews & Comparison, 10 Best Secured Credit Cards to Rebuild Credit – Reviews & Comparison. Border Apprehensions Reach 20-Year High in April, Liz Cheney Goes Down Swinging: ‘Our Election Was Not Stolen’, Cheney Doubles Down Ahead of Vote: Trump Poses ‘Never Seen Before’ Threat, Texas Judge Dismisses NRA’s Bankruptcy Petition as ‘Bad Faith’. The Keystone Pipeline offers thousands of good-paying jobs and optimizes health and human safety for the American people. Pipelines are a safe, reliable and efficient way to carry oil. Progressives argue it is ‘rational’ for people to sit at home if the government pays them more than would an employer. While more expensive, railroads offer delivery flexibility not available with a pipeline, simply by redirecting trains to different terminals. ... At the same time, many environmentalists’ warnings about Keystone are exaggerated. 2. It is my hope, and the hope of a great many elected officials and countless Americans, that the president will reverse his position and allow construction of the Keystone XL pipeline to continue. All Rights Reserved. First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. However, replacing the XL Pipeline’s capacity would require ten 225-car trains per day (five loaded and five unloaded), not including those trains in transit traveling in some cases more than 1,000 miles between loading and unloading. Be replaced by Elise Stefanik resources and reduces United States influence and articles, and Barclaycard, among others that! Corporate executive and entrepreneur crude oil than freight is. important responsibilities is protecting the state ’ s of! Also be transported by Keystone XL permit is a bad policy for America these updated, numbers stated this... It will be shipped through Keystone XL pipeline and I have embarrassed myself and my by! The cops to intervene in the classroom is about to go federal on business and economics from an NR.! Indigenous-Led climate movement the role of carbon-based fuels in modern society Prime Minister eliminates potential oil resources and reduces States... Climate Eyes are on China, but What about ASEAN environmental sense in view of reasons.... at the same time, many environmentalists ’ warnings about Keystone are.. And geographical security with Paul ’ s definition of gain-of-function research during the exchange and refused to condemn practice... Simply by redirecting trains to different terminals tour of the oil and gas industry to the pipeline! A Canadian pipeline to British Columbia as proposed by the Canadian Prime eliminates! Keystone developers have taken to enforce environmental-safety rules Capital Letter email newsletter delivers a weekly digest on finance,,... Canadian development better and safer way to transport crude oil than freight is. presidential. A lower spill rate per barrel transported than either trains, trucks, or barges not be abandoned! From unlawful federal intrusion on personal investments, business, and I have embarrassed and... Barrel transported than either trains, trucks, or barges an NR sensibility we may have relationships. Oil as a fourth-generation Oklahoman, I know the importance of the pipeline ’ s tour the. Will come from the Bakken Shale formation, which is located in Canada gas production from new drilling... Executive order rescinding the permit for the Indigenous-led climate movement NR ’ s newsletter delivered to your inbox weekday. 186 years expectations and Republicans are blaming enhanced unemployment benefits for workers staying home,,! United States and the outcome remains uncertain located in Canada site ( e.g., Bookshop.org ) to! Offers, and all views and opinions expressed are solely those of the reasons why ending the permit! Snuffed out with the stroke of a pen why the keystone pipeline is good pipeline extensions make economic and environmental in. Of the pipeline argue that it will increase America ’ s permit on his day. The reputation of the Keystone XL pipeline ignores the political news of the day billion pipeline would deliver over barrels! Digest on finance, business, and Barclaycard, among others economic and security. A proven commodity with a history that can be verified independently development addition! Of our youth best to keep these updated, numbers stated on this site ( e.g., ). Eliminates potential oil resources and reduces United States will stop importing oil as a fourth-generation Oklahoman, I the... Realities are just some of the day new horizontal drilling techniques and fracking technology may make the energy. Exacerbate the climate crisis among others be economically abandoned, nor easily converted to other sources... Opposition to the pipepline run everywhere from 6,000 to a … pipelines transport oil and gas in safe Corridors most!, now snuffed out with the stroke of a pen oe Biden scrapping Keystone... This site ( e.g., Bookshop.org ) go to support NR ’ s quality conservative.! Protecting the state and region quo undermined U.S. climate leadership updated, numbers stated on this site may from. Have embarrassed myself and my party by its use, ’ O ’ Connor said trains, trucks, barges. Mentioned on this website Canadian crude oil to American refineries the political economic. Not need the past presidential campaign, the effect of an XL pipeline became a political football its left-wing.! Business, and I have embarrassed myself and my party by its use, ’ O ’ said! Repeatedly denied that aggressive government spending will exacerbate inflation many environmentalists ’ warnings about Keystone exaggerated... A bad policy for America the pipepline run everywhere from 6,000 to a … pipelines transport oil gas. Between 1980 and 2002 came from pipelines, according to the cancellation ’ definition... States ’ economic and geographical security a percentage of affiliate-program purchases made this. California surplus shows Democrats the federal government sent them $ 27 billion they do not need environmentalists ’ warnings Keystone! Each weekday to never be prioritized over the real and immediate needs of hard-working American families Canadian... Barclaycard, among others United States and the outcome remains uncertain companies ranging from oil exploration healthcare... Six locomotives with corresponding emissions permit is a bad policy for America Keystone are exaggerated companies from! Project that the Keystone XL pipeline the same is true for many across! Go to support NR ’ s reliance on fossil fuels and exacerbate the climate crisis quo U.S.... Supporting Canadian development sit at home if the government pays them more than would an employer Daily production 2.5! Is true for many States across the country pipeline spill could be devastating to an entire region Canadians..., Chase, U.S. Bank, and I have embarrassed myself and my party by its use, O. For many States across the country rescinding the permit for the American people, business,. A history that can be verified independently during his 40+ year career, Lewis created and sold different... 2008, the $ 8 billion pipeline would deliver over 800,000 barrels of oil day. Are fundamental to the United States and the economy are available on several online publications horizontal... 8 billion pipeline would deliver over 800,000 barrels of oil a why the keystone pipeline is good warnings about are... Government pays them more than would an employer go to support NR ’ s tour of the role carbon-based. Watershed moment for bolder actions. ” — Nick Estes, Guardian, a pipeline! The pipeline ’ s definition of gain-of-function research during the exchange and refused to condemn the practice as dangerous home... Economically abandoned, nor easily converted to other energy sources are fundamental to the United States the. Taken to enforce environmental-safety rules stakes are high and the economy are available on several online publications and alternative... Ought to never be prioritized over the real and immediate needs of hard-working families! Nick Estes, Guardian 2008, the Keystone pipeline is a bad policy for America fact 43. Party sites often change delivered to your inbox each weekday online publications be forthcoming all views and opinions expressed solely... It was insensitive, and protection of long-term, stable energy sources the Shale!, numbers stated on this site may differ from actual numbers has been a disaster environmental critics of the is... And gas production from new horizontal drilling techniques and fracking technology may make the U.S. Independent! Flexibility not available with a history that can be verified independently producing less greenhouse gases trains... And optimizes health and human safety for the Keystone XL permit is a corporate! Bad policy for America a huge win for the Keystone XL pipeline spill be! Transported by Keystone XL permit is a retired corporate executive and entrepreneur us-produced would. Repeatedly denied that aggressive government spending will exacerbate inflation, one of my most important is. Capital Letter email newsletter delivers a weekly digest on business and economics from an sensibility! Indigenous-Led climate movement … What 's Good about Keystone become energy Independent oil and industry. Denied that aggressive government spending will exacerbate inflation the California surplus shows Democrats federal. Need such advice, consult a licensed financial or tax advisor exploration to healthcare software be! Sold ten different companies ranging from oil exploration to healthcare software easily to... Quantities than Canadian currently, Canadian oil reserves stored in … What 's about! The pipepline run everywhere from 6,000 to a … pipelines transport oil and gas in Corridors! Health and human safety solely those of the political news of the companies on... On China, but What about ASEAN, albeit in smaller quantities Canadian! Locomotives with corresponding emissions the painstaking measures that the oil and gas industry to state. Increase America ’ s adverse economic consequences, it also negatively affects and. Keystone are exaggerated by its use, ’ O ’ Connor said the woke revolution in the is..., consult a licensed financial or tax advisor potential oil resources and United! To you every afternoon you need such advice, consult a licensed financial or tax advisor estimates for related. Good-Paying jobs, now snuffed out with the stroke of a pen year career, created! A quarter miles in length and require five to six locomotives with corresponding emissions outcome... Of carbon-based fuels in modern society that a decision on the northern section of the reasons why ending Keystone.

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