did the keystone pipeline ever carry oil

Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. While many were under the impression that the Keystone XL pipeline was nearly built and ready to operate, it would have served as the fourth phase of the entire Keystone Pipeline System. Unlike oil, renewable energy relies far less on fixed and limited natural resources. Spotted something? ICE Limitations. A revised permit was resubmitted in May 2012 which contained an alternate route. Discovery Company. Heres point number one: The Keystone XL Pipeline is nothing new. We need your help. Before we explain Keystone, let me first state that beneath the ground of these United States are thousands upon thousands of miles of existing pipeline transporting natural gas and oil. The developer has now canceled the controversial project. 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. "But in terms of gasoline prices and global oil prices, it's just something it's better to just ignore because it would have no impact. As mentioned, the pipeline will connect to existing Keystone Mainline and increase the transport of oil sands from Canada and the Midwest to the Gulf Coast. Let us know!. Most objections center on the extraction of the oil, but some suggest the project will only make the U.S. more dependent on fossil fuels. The war in Ukraine also plays a role, although it was not the instigator of the increase. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This type of project has been completed numerous times before. The fact that Canada has excess pipeline capacity is well known. Finally, the pipeline would expand the transportation of oil sands from the Midwest to the Gulf Coast. The Drought In The Western U.S. Is Getting Bad. The gas shortage on the East Coast of the United States in May 2021 was triggered by a cyberattack that caused the shutdown of the Colonial Pipeline, which runs from Houston to New Jersey and supplies 45% of the gasoline to the East Coast. Our network of natural gas pipelines supplies more than 25 per cent of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. If only the halt of that project was the sole source of surging energy costs at home and abroad.. The Keystone XL crude oil pipeline wasn't yet operational when it was canceled in 2021, and wasn't expected to be running until 2023. 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. The State Department estimated full-time permanent jobs to be closer to 50. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. Fourth is the U.S. Please select all the ways you would like to hear from Lead Stories LLC: You can unsubscribe at any time by clicking the link in the footer of our emails. So "here's the deal": The Keystone XL pipeline was going to be built to offset declining imports from Venezuela, because Canadian oil is the same type as what they produce in Venezuela. Campaign watchers rate the race as solid or safe Republican. Is this good for America? The portion of the Keystone Pipeline System that's already built runs from the North Dakota border south through South Dakota to Steele City, Nebraska, where it splits. Part of the pipeline runs east through Missouri while the other part runs through Oklahoma and into Texas. The first is the Gulf Coast Project. The State Department estimated full-time permanent jobs to be closer to 50, Big Oil (Probably) Isn't Going Away Anytime Soon. In short, Ill tell you what each side is saying so you can make an informed decision. It just means the Retuers "fact check" is as biased and dubious as the meme it attempted to correct. The Cushing Extension is 298 miles of 36 pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. Canadians, including Indigenous peoples, have benefited economically from the oil sands mining. The Keystone Pipeline moves crude oil from tar sands refineries in Canada and the Midwest to refineries in Texas. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. President Biden's energy agenda has strengthened Putin at the expense of hard-working Kansans.". This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or By 2011, Keystone XL had upended that quiet bureaucratic process. Note: if reading this fact check makes you want to contact us to complain about bias, please check out our Red feed first. We reached out to the White House for a comment, but we havent heard back. 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. Lets skip to the main arguments for and against and you can decide for yourself if this project is warranted or if it should be denied. 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. The Keystone pipeline spill in a creek running through rural pastureland in Washington County, Kansas, about 150 miles northwest of Kansas City, also was the biggest in the system's history, according to U.S. Department of Transportation data. It was denied. 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. The announcement ends a more than decade-long battle that came to signify the debate over whether fossil fuels should be left in the ground to address climate change. When Canadian regulators at the National Energy Board (NEB) considered the Keystone XL proposal in 2008, they asked TransCanada to justify another pipeline when there was already so much spare capacity. Most stock quote data provided by BATS. There would have been no certainty that the pipeline could have produced a net increase of 800,000 barrels a day, rather than just transporting oil from Canada that is currently being transported some other way. In a Jan. 20 statement, TC Energy said Bidens order "would directly lead to the layoff of thousands of union workers." Opponents suggest it will harm the environment. The capacity of existing pipelines is about 591,000 barrels per day (bpd) and the two pending pipelines are expected to transport about 700,000 bpd initially with a potential of 830,000 bpd. The first is the U.S. Army Corp of Engineers. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska, but the project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. The pipeline would divert large volumes of Canadian oil from the Midwest to the Gulf Coast, where it would be available for the first time to buyers on the world market. That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. Its symbolic of whether or not were willing to embrace the natural resources that we have in our country. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. The Keystone XL pipeline is an international project years in the making. In 2008, TC Energy, then known as TransCanada, announced plans to build a pipeline that would carry 830,000 barrels of crude oil daily from Hardisty, Alberta, through the Great Plains to refineries on the Texas Gulf Coast. Sign up for free newsletters and get more CNBC delivered to your inbox. "Democrats couldnt even get through Day 1 without killing jobs for middle class Americans.". But its not as simple as substituting one source for the other. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels. By Dennis Romero. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. 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. Lawsuits claim it wrecked their teeth. The Keystone Pipeline from Canada to the U.S. is not closed. It's a great day for Mother Earth," Larry Wright Jr., chairman of the Ponca Tribe of Nebraska, said in a statement. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. an award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. keep you informed with the latest alerts and progress reports. 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. Opinions expressed by Forbes Contributors are their own. "The Keystone was not an oilfield it's a pipeline," she responded. 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.. Al Nash/Bureau of Land Management via AP November 18, 2014. Its proposed route in Nebraska cut through the Ogallala Aquifer, the groundwater source for millions of Plains states residents. 1800 I Street NW At the time of the press release, the Government of Alberta had invested $1.1 billion in the project, largely covering the cost of construction through the end of 2020, according to TC Energy. This group must review and issue National Pollutant Discharge Eliminations Systems permits for discharge of pollutants in state waters. But the pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. In October, the company said it expected to employ more than 11,000 Americans in 2021 and generate more than $1.6 in gross wages. Copyright 2023 CBS Interactive Inc. All rights reserved. No, that's not true. Buffett does stand to profit from the cancelation of the Keystone pipeline and perhaps a great deal. In October, TC Energy awarded contracts to six American union contractors to build the Keystone XL pipeline in three states in 2021. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. On page 90, the report concludes that the United States will import the same amount of crude from Canada through 2030 whether or not Keystone XL is built. The greatest, and perhaps the only argument against the pipeline, is occurring on the environmental front. Canada-based TC Energy first proposed the 1,200 mile Keystone XL pipeline in 2008 as a way to quickly pump 830,000 barrels of tar sands (a.k.a. This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. An estimate from the Canadian Energy Research Institute in 2011 estimated that new oil sands development in Canada would create about 444,000 new U.S. jobs and generate about $521 billion in U.S. government revenue over the next two decades. Its shares closed largely flat on the Toronto Stock Exchange. https://leadstories.com/hoax-alert/2021/05/fact-check-the-keystone-pipeline-is-not-closed-and-is-not-causing-the-gas-shortage-on-the-east-coast.html, Alexis Tereszcuk is a writer and fact checker at Lead Stories and. See who is sharing it (it might even be your friends) and leave the link in the comments. Lets look at the argument for and against the project. , according to the U.S. Energy Information Administration. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. Booms, Busts And Billionaires: An eBook From Forbes. It's true that the 830,000 barrels a day the pipeline is slated to carry would probably replace some of the 2 million barrels a day of heavy oil currently imported to the Gulf Coast. "That trend will continue whether Keystone is built or not," said Brian Milne, a refined fuels editor at Schneider Electric, an information provider. Is the Keystone Pipeline closed and is that causing a gas shortage? Trump revived hopes for the project once he took office, ultimately approving it with an executive order. In the report, the agency wrote that 10,400 estimated positions would be for seasonal construction work lasting four to eight-month periods. "They want the additional Canadian barrels to displace higher cost barrels from Venezuela, Mexico or Saudi Arabia," said Allen Good, an oil company stock analyst at Morningstar. The post was flagged as part of Facebooks efforts to combat false news and misinformation on its News Feed. TransCanada conceded that Keystone XL would take oil from existing pipelines, increasing shipping costs. The pipeline carries refined petroleum products such as gasoline, diesel, heating oil, and jet fuel from Houston, Texas, on the U.S. Gulf Coast up to Linden, New Jersey, and serves several markets along the route through various branch lines. Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. Dec. 11, 2022, 8:21 PM PST. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. By 2012 that number jumped to 3.2 million barrels. "The oil is continuing to flow in, just through other means. Powered and implemented by FactSet. 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.. Related: If Wall Street's right, Obama may nix Keystone. "A lot more transportation and people flying around, people driving, more demand for oil," he said. The project must also be in the national interest of the United States. The Biden administration has repeatedly pushed back against proposals to revive the pipeline expansion. Market Realist is a registered trademark. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. People may receive compensation for some links to products and services on this website. It did not specify exactly how many jobs would be lost. So, it actually would have nothing do with the current supply imbalance. Fish & Wildlife Service. The first is the Gulf Coast Project. The State Department forecasted that no more than 50 jobs, some of which could be located in Canada, would be required to maintain the pipeline. Yet many experts agree that moving ahead with the pipeline wouldn't have prevented U.S. gas prices from climbing to a record high. In short: Most of the estimated jobs were temporary. In this article, I will dispel the myths and rumors and discuss only the facts. "In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.". District of Columbia The vote was one shy of passage at 59-41. The Keystone XL Pipeline consists of two parts. The third group is the Bureau of Land Management which grants temporary permits for portions of the project that would encroach on federal lands. These groups argue that the lifecycle greenhouse gas emissions associated with the development of Canadian oil sands is harmful to the environment compared to conventional oil or renewable fuels. Energy from solar panels, wind turbines and other low-carbon technologies also tends to get cheaper the more widely it is used, they said. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. This group is responsible to issue permits for sections of the project that require placement of dredge and fill materials in waters of the U.S. including wetlands or for pipeline that crosses navigable waters. For information about our privacy practices, please visit our website. Keystone XL would have passed through Nebraska, and for years, a coalition of Indigenous tribes, ranchers and local environmentalists demonstrated, lobbied and sued to halt the pipeline's construction. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. Simply stated, Keystone XL is a way to get Canadian oil out of the United States, not into it. 33701 : 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.
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