As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. State Disclosures, Director, Canada Project, International Program. Updated on: March 17, 2022 / 11:57 AM 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. That means the nation's refineries are producing more gasoline, diesel fuel and other oil products than the country needs, and exporting the rest. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. First, it can be upgraded into syncrude which is a light crude. It threatened to seep into the Mississippi. By Dennis Romero. As of Monday, May 10, the pipeline had not resumed operations of its main lines, although some smaller lines are operational. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. After more than 10 years, the embattled Keystone XL pipeline has officially been abandoned. Keystone XL would be Canadas first step in diversifying its energy market. The Keystone Pipeline System stretches 2,687 miles, while Keystone XL was to be 1,210 miles in length. BNSF remains a money machine at . On November 19, 2014, the U.S. Senate voted against the passage of the bill which would allow the Keystone XL Pipeline to proceed. "And so we've got 8 billion people that are consuming oil and many countries that are producing it, and it all goes into one market.". Wind farm construction is a possible cause of dead whales washing ashore in New Jersey. It can be processed to remove the bitumen which can be sent to refineries in two different forms. Although Alberta is now on . 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. A 2014 report found that the company would need only 50 employees to maintain the Keystone XL pipeline once its finished, 35 of them permanent. ", Even if the pipeline was already built, it wouldn't help with the price at the pump, Nemet added, noting that the U.S. has already doubled its oil production over the last 15 years. The developer of the Keystone XL pipeline announced Wednesday it is pulling the plug on the controversial project after the Biden administration revoked its permit in January.. TC Energy, the . But its not as simple as substituting one source for the other. Expanding the Keystone would have increased global oil production by less than 1%, an amount, they explained, is "almost negligible. Energy from solar panels, wind turbines and other low-carbon technologies also tends to get cheaper the more widely it is used, they said. 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. Note: if reading this fact check makes you want to contact us to complain about bias, please check out our Red feed first. Sixteen years later, three phases of the Keystone project are complete. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. 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. The State Department estimated full-time permanent jobs to be closer to 50. In 2008 the United States imported 9.8 million barrels of oil a day, according to the Energy Information Administration. Here is a map of the current Keystone Pipeline from the company's website. 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. 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. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. oil sands) per day from Canada's Alberta province . That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. Even in the future, there would be no certainty that the pipeline could produce 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 this article, I will dispel the myths and rumors and discuss only the facts. The original petition for permit was denied on January 18, 2012 due to environmental concerns. Biden's. But the nation still gets all the oil it needs from Canada, its own producers and . In short, the U.S. needs to approve this pipeline to accommodate the increase in production. Supporters of Keystone say the project will benefit Americans because it will reduce the country's reliance on foreign oil. Why the pipeline? Our only agenda is to publish the truth so you can be an informed participant in democracy. All Rights Reserved. The pipeline had been projected to carry oil nearly 1,200 miles (1,900km). Although it has been months since Biden revoked the permit needed to finish the Keystone XL pipeline, the war between Ukraine and Russia has lawmakers suggesting that the project be resurrected. Jason Kenney, premier of the Canadian province of Alberta, is now pushing for the Biden administration to revive the Keystone XL pipeline . "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. inaccurate stories, videos or images going viral on the internet. Market data provided by ICE Data Services. The policies have helped restrict U.S. oil production, and the fallout from the Keystone Pipeline remains lost on the administration. With inflation soaring, gas prices have been increasing for months hitting an average of$4.33 a gallon on March 11, according to AAA. 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. Offers may be subject to change without notice. "Stop importing from Russia, start producing more," he tweeted in early March. Legal Statement. 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. Had construction continued, the pipeline would have entered service in 2023. 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.. 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. Since the State Department defines "job" as "one position that is filled for 1 year," that would equate to approximately 3,900 jobs over a two-year period. But the pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. It carries crude oil to refineries and terminals. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? "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. Environmentalists opposed the pipeline in part because of the oil it would carry oil sands crude from Alberta. The 875-mile pipeline would carry a heavy crude oil mixture from . All Rights Reserved. The Drought In The Western U.S. Is Getting Bad. The project has become a matter of intense debate in the United States. Canada is our largest trading partner and is important to U.S. job creation. Colonial Pipeline shut down distribution on May 7, 2021, following the cyberattack. The operator of the Keystone Pipeline System, which carries a form of crude oil from Canada to multiple states for refining, said over the weekend . This dental device was sold to fix patients' jaws. 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 Keystone XL Pipeline consists of two parts. The leak was. Campaign watchers rate the race as solid or safe Republican. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. 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 . (Terray Sylvester/Reuters) . Mr. Pourbaix refused, saying that a requirement to keep oil on Keystone XL in the United States would cause refineries to back out of their contracts. First published on March 15, 2022 / 3:12 PM. This is what the post looked like on Facebook at the time of writing: (Source: Facebook screenshot taken on Tue May 11 19:45:12 2021 UTC). (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. The. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. "And yet, we still have $100 per barrel oil.". The Keystone XL Pipeline consists of two parts. The other major candidate for the seat is Democrat Patrick Schmidt, a former U.S. Navy intelligence officer. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The Keystone XL tar sands pipeline is back in full force. 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. inaccurate stories, videos or images going viral on the internet. It's, 'Oh, there's a lot more risk now than there was before.'". The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. 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. I believe we should let the project continue, which is exactly what I expect will happen in early 2015. The Reuters Fact Check team previously debunked social media claims surrounding the Keystone XL Pipeline, here . The Keystone pipeline leaked an estimated 9,120 barrels of oil, or roughly 383,000 gallons, in North Dakota in late October . There are already about 2.3 million miles of pipeline across the US, carrying oil and natural gas. ", U.S. Rep. Ilhan Omar is "facing 40 years in prison and deportation after seven new crimes uncovered. Russia is the world's second-largest exporter of crude oil, according to the U.S. Energy Information Administration. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. 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 company reportedly secured $1.1 billion, enough to cover construction through 2020, and expected to receive $4.2 billion in 2021 and 2022. Unfortunately, Bidens initiative to cancel the project left many angered and without jobs. The Natural Resources Defense Council works to safeguard the earth - its people, See who is sharing it (it might even be your friends) and leave the link in the comments. The entire system without the XL extension stretches about 2,687 miles in total length. The Obama-era State Department had denied TC Energys request for a permit in 2015. Its shares closed largely flat on the Toronto Stock Exchange. And, we also have the technology to assure that the environment will be protected. We will 2023 CNBC LLC. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or The project received significant backlash from environmental activists and indigenous communities, and was viewed as a hindrance to the U.S. transitioning from using fossil fuels to clean energy. The oil industry and its allies have claimed that Keystone XL would have created hundreds or even thousands of jobs. 20006, Florida This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. David Kieve, president of advocacy group Environmental Defense Fund Action, also told CBS News that building out the Keystone pipeline would not have softened the impact the Ukraine crisis is having on fuel prices. 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. The dog dewormer fenbendazole can cure cancer in humans. This story begins in Hardisty, Alberta, Canada with a company called TransCanada. Opponents suggest it will harm the environment. TORONTO (AP) Construction on the long disputed Keystone XL oil pipeline halted Wednesday as incoming U.S. President Joe Biden revoked its permit on his first day in office. In the meantime, TC Energy's pipeline system in the northern Great Plains experienced a series of leaks of tens of thousands of gallons of oil. Buffett does stand to profit from the cancelation of the Keystone pipeline and perhaps a great deal. I cover the intersection of economics, politics and personal finance. At the time Mr. Biden halted its construction, the $8 billion expansion was only about8% complete, according to Reuters. The fourth phase, dubbed "XL" for . The first is the Gulf Coast Project. update email soon. 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. 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. The current cost of oil takes partly into account the. Let us know!. 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. On March 7, Fox News' Peter Doocy asked White House Press Secretary Jen Psaki whether Mr. Biden would "ever undo his executive order that stopped the construction of the Keystone XL" in an effort to lower gas prices. Temporary jobs are still jobs. The project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. "Democrats couldnt even get through Day 1 without killing jobs for middle class Americans.". President Biden's energy agenda has strengthened Putin at the expense of hard-working Kansans.". But it's also true that exports of refined products from the United States will likely continue to rise. If only the halt of that project was the sole source of surging energy costs at home and abroad.. 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. Once refined, it'll be impossible to tell exactly where the oil that came down the pipeline went, but "with more oil, that [export] number will increase," said Milne. Most stock quote data provided by BATS. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. Although the project was stopped before it could even reach a quarter of completion, the Keystone Pipeline System is fully functional today. 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. Li Cohen is a social media producer and trending content writer for CBS News. Powered and implemented by FactSet. We need your help. Disclaimer. This group must review and issue National Pollutant Discharge Eliminations Systems permits for discharge of pollutants in state waters. Proponents also argue that the pipeline will enhance U.S. energy security and help maintain adequate crude oil supplies for U.S. refineries. 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. The greatest, and perhaps the only argument against the pipeline, is occurring on the environmental front. Pipe intended for use in. According to a March 2020 TC Energy press release, the estimated cost of the project was to be $8 billion (here). 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. 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. 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.". To sweeten the deal, many of the refineries on the Gulf Coast happen to be located in foreign trade zones, where they can export Canadian oil to the world market without paying U.S. taxes. A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday. This amount makes up 3% of U.S. crude oil imports and about 1% of the crude oil processed in U.S. refineries. Oil sands require more processing than conventional crude. This portion would transport oil over 435 miles through 36 pipe running from Cushing, Oklahoma to Port Arthur, Texas. For information about our privacy practices, please visit our website. By late 2019, the Nebraska State Supreme Court seemed to clear one of the last hurdles for Keystone XL by approving its route through the state. 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. On February 9, 2005, TransCanada (now TC Energy) announced plans to construct a pipeline to move 400,000 barrels per day of Canadian heavy crude oil from Hardisty, Alberta, to Illinois. Recent estimates are that the project itself will create about 43,000 permanent jobs. 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. Our Standards: The Thomson Reuters Trust Principles. The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. 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. Well get to that in a moment. Climate Change Is Making It Worse, . 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