Posted on 01/20/2022 8:04:29 PM PST by DUMBGRUNT
Joe Biden kicked off his presidency on Jan. 20, 2021, by killing the Keystone XL pipeline. It was a message affirming his commitment to green energy policies.
For the energy industry, America’s allies abroad and skilled workers at home, however, the impacts of Biden’s actions were far more concrete.
“Killing 10,000 jobs and taking $2.2 billion in payroll out of workers’ pockets is not what Americans need or want right now,” Andy Black, president and CEO of the Association of Oil Pipelines, said at the time.
“Biden’s hurt us,” said H. Sterling Burnett, Ph.D., Senior Fellow on Environmental Policy for the Illinois-based Heartland Institute. “There’s no question about that.”
“I would say ‘President Biden, I do believe you made a bad decision putting Keystone on the backburner,’” said Saskatchewan First Nation Chief Alvin Francis just days after Biden’s decision. “This could change the outlook of all First Nations in Canada and the U.S.”
“Biden’s view seems to be ‘Energy is good for the world, but not for the United States,’” he added.
(Excerpt) Read more at bostonherald.com ...
“Wait until they allow fracking in the empire state”
..and they will. Hundreds of billions will be made and no politician can ignore that landowners will make hundreds of billions also with up front money and royalties
Natural gas will be our main source of energy for decades to come because it is cheap and fairly cleab
Biden is the opposite of Midas!
It is true that the banks have stopped making loans to energy companies. They have shuffled on to the Ponzi schemes of wind and solar. But the real problem with natural gas is that everyone knows that there is a ton of gas left in plays like the Marcellus. As soon as gas creeps up above $4, rigs will appear and drive it back down.
Large fossil fuel companies set the energy agenda in this country not the politicians
As for rig count most of our area has had rigs put in already over the last 15 years in my area and the transmission lines etc are all set n and the needed pumping stations etc so of course rig production has Ben dropping.
Read what the oil and gas companies are saying for 2022. They are looking at having a record year.
Exactly.
Not a blunder. It was a deliberate decision, made with full understanding of what would happen, and they wanted this disaster, for ideological reasons.
Biden signaled the destruction of investment into energy markets with keystone cancellation. He the proceeded to destroy the financial markers, trade markets, health market (ports), healthcare markets, “war” markets (Afghanistan and Ukrainian) and job market with vax manatees. The boy did not blindly do this. It was all planned. Biden is an idiot but he is not stupid. He did it all on purpose. He is an evil son of a bitch.
Oh and Let’s Go Brandon.
“Wait until they allow fracking in the empire state”
..and they will. Hundreds of billions will be made and no politician can ignore that landowners will make hundreds of billions also with up front money and royalties
What? Cuomo banned fracking years ago. They didn’t care about the money then and no one seems to care now.
AB tar sands oil is heavy sulfur crude oil.
Not only can certain refineries process it.
There are also only certain refineries that have the capacity to take in more heavy sulfur crude oil.
Those refineries are on the Gulf Coast in LA and TX.
This was all explained to me years ago by former Freeper Thackney. Thackney was a Chemical Engineer in the petrochemical industry.
Unfortunately, I have not seen a post from him in a couple years.
He was formerly our resident expert on the industry and pipeline transport.
Alberta oil is similar to the type of oil coming from places like Iran and Venezuela.
Many refineries can not break down this type of oil.
So, reducing the freight cost to get AB oil to the Gulf does not effect the price of SWEET crude coming from TX, ND or Nigeria.
It effects the value of other HEAVY crude producers.
Keystone would have significantly lowered the cost per barrel to transport their oil to the refineries that not only have the ability but the capacity to break down this oil.
By lowering the transport cost, it increases the value of the oil FOB Alberta.
If you increase the Fob Canadian price, they will scrape the tar sands from the Earth to produce even more of it.
That is what the Green movement hate more than anything. The think tar sands production is the biggest RAPE of Mother Earth happening on the planet.
Lastly, the only other pipeline being proposed out of Alberta is heading west to the Pacific ocean.
If this pipeline is built it will greatly reduce the cost to move AB oil west.
Who benefits from that?
CA, WA refineries and CHINA.
BOOM
I saw the title for this and thought, “That doesn’t sound like Bob!”
It was not a “blunder”, it was part of the plan.
Brandon is also trying to quash the EastMed pipeline from Israel; to Europe at the behest of the Turks.
I haven’t seen Thackney post in a while. The pipeline is proposed to go to Kitimat. It is like the only fjord that ships can get it and take it to Asia. The greenies don’t care that even if there was a rupture in the Keystone pipeline that because the oil is so viscous, it won’t flow anywhere.
I know the Canadians approved the expansion of the current pipeline from Alberta to Vancouver. I believe that it is going to at least double the capacity.
The problem with the Vancouver pipeline is that it does not terminate at a port facility that is deep enough to load a supertanker. Therefore, they have to transload the oil onto a smaller tanker and then take it out to where the transpacific supertanker sits at anchor.
The Kitimat port will be able to load directly onto the supertankers. When these two are both up and running it will lower the cost of crude on the west coast. It is good for the consumer, bad for the people selling Alaskan crude.
No it wasn't. It was a show of fealty to Obama, who blocked the Keystone XL pipeline from the very beginning of his administration.
-PJ
Embrace it, you dimwitted 81 million 65 million strong morons + 16 million fake ballots.
Fixed.
Let this be a lesson to the mush heads who voted dummocrap.
The feel the sting of trying to de-Trump America wonder if they have had enough.
Please don’t swill the rat kool-aid.
Brandon didn’t get anywhere near 81 million votes.
“81 million” was tongue in cheek, but not obvious.
However many actually voted for him, I hope they realize such choices have real consequences in many ways.
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