The USA needs regime change.
BiXiden can’t stand.
White House officials say Mr. Biden has no interest in reviving the Keystone XL pipeline project. They say that it couldn’t be completed in time to address today’s shortfall and that the president is still committed to reducing greenhouse gas emissions from fossil fuels over the long term. -WSJ
A short fall Biden created.
A solution which might answer tomorrows short fall,
Biden won’t consider, it’s not part of his plan.
I think I heard transport of oil by truck is $8/barrell, Train $10/barrel and ship is $20/barrel
Pipeline is $1/barrell. Follow the money.
It would only take 10 months to complete the XL pipeline if Biden had not stopped it in its tracks the day he took office. Bypassing the more secure and convenient Keystone XL pipeline to transport oil from Canada in favor of using patchwork rail solely to placate your far left base is much like choosing to drink water from a thimble than getting a glass from the cabinet. Silly stuff like this is becoming a trademark of the Biden administration.
Russian tankers are running without identification transponders to sneak shipments to cash buyers worldwide. The ships ‘disappear’ from reporting after they leave the Black sea.
The Transmountain pipeline will deliver Canadian crude to China.
Biden wants to have it both ways.
More energy (translated to more oil), in order to appease the people and to help those running for re-election in his party.
And...
He wants to do all he can to get more oil, but keeping the climate change agenda moving at a faster pace.
He’ll discover that having it both ways is not possible and that something’s gotta give, and his party is not going to give an inch on climate change. Therefore, the country and economy and citizens, will continue to suffer
Never underestimate how much a academic can f**k thing up.
The hunt for utopia continues flash light not working
That's why the energy sector is sitting on many permits for oil and gas extraction even while prices escalate dramatically. There's no point in investing billions of dollars in energy production when the government can shut your project down for political reasons just to cater to the whims of the delusional nitwits who support the party in power.
I see no evidence that biden’s regime “is desperate for Canadian oil.”
It kind of sux to have a dictator - who has NO negotiating skills - in charge when the country needs a deal-maker - -
Even one who sends out mean tweets on occasion
What’s amazing is that the pipeline was being built, the infrastructure and workers wee on site, and in Biden’s first day in office he killed all of it demonstrating again that you can never underestimate his ability to screw things up and make the absolute wrong decision.
I doubt TC Energy, the owner of Keystone XL, would ever consider restarting the project after losing billions because of Biden and Obama’s political whims.
Biden has to go!!!
So it turns out he wants that Canadian oil after all. He’s just decided to import it via means that are more expensive, more prone to spills and which are more emissions intensive than the pipeline that he cancelled on day one.
And he won’t revisit that decision because......reasons.....
sounds about right.
(1) Biden wants to lower oil prices to drop heating costs and prices at the gasoline pump.
(2) For item (1) to happen will require massive investments to spur production of natural gas and oil (.....unless fuel taxes imposed by State and federal governments are dramatically cut. States, especially those run by Democrats have some of the highest fuel taxes per gallon, and they are addicted to spending that money....) So it must be massive investment to increase production. However, it will take months from the day of investment until the “new fuel capacity” comes on line. With midterm election primary season about to start, Democrats can't wait very long they need immediate changes.
(3) Who is their right mind is going to fund the massive investment in expanding oil and gas production, when state, federal and Canadian government want to outlaw internal combustion engines within the next 8 to 13 years? The answer is .... corporations that will expect the investment will be fully paid off within 8 to 13 years at very high profits. The problem will be that the level of “profits” or the needed “return on investment” will be hard to achieve while causing the price at the pump to be low.
(4) A key constituency group for the Democratic Party is against fossil fuels and against low energy prices. Democrats are going to face loosing one base to try to save a group that may only marginally support them if all goes well with increasing energy supplies and dropping prices.
This sure sounds like a no-win situation for Democrats. I can see why trying to jawbone other oil producing countries was phase 1; phase 2 was dipping into the strategic oil reserves. Phase 3 will need to be legislative changes to the retail price, such as state and federal tax reductions, which will be politically hard, but necessary before the primary elections. Phase 4 will be some kind of proposed tax cuts or depreciation write-offs for fuel production investments that make the return on the investments huge.
Please pass the popcorn, as this election season is going to be good fun to watch.