Posted on 11/24/2024 3:30:13 PM PST by CFW
It was one of Joe Biden’s first moves as president (and a message to the country on how he would rule): shutting down the Keystone XL pipeline, a 1,200-mile Canada-to-Nebraska crude project that would have employed thousands of workers and transported up to 830,000 barrels of oil per day.
Now President-elect Donald Trump reportedly wants to send his own message and restart the project, and although bringing it back to life would present numerous hurdles, oil workers are reportedly ecstatic over the idea.
"It's a breath of fresh air. We're running on cloud nine," former Keystone Pipeline worker Bugsy Allen said on "Fox & Friends Weekend," Sunday.
"It will make a big difference as far as your energy cost, your food cost, your gas that you put in your cars. It is actually going to be the primary start of bringing everything… down for the American people that we have suffered so much in the last administration."
Watch:
[embedded video]
The future of the pipeline has gone back and forth between Republican and Democrat administrations, with Obama first refusing to approve it, then Trump coming in 2017 and putting it back on track, then energy-hating Biden nuking it once more. Trump reportedly considers it a first-day goal:
(Excerpt) Read more at redstate.com ...
"OMG, it's a breath of fresh air, we're running on cloud nine, the American people are gonna see what energy will do for a country!"
Yes!
“”and of course, all the workers for the pipeline have (hopefully) found other employment.””
That’s what I was thinking. Certainly they couldn’t have been idle all this time and hopefully they’ve been working at other jobs and won’t have any trouble moving back to the pipeline. Of course, getting it back up and running will take a lot of time also - especially if all the materials have been sold. That does sound familiar!
The oil is going to China….it will never be restarted..
Wait and see
If it helps our energy sector and lowers gas prices I like it!
China loves them some tar.
Rename it the Trump Pipeline.
Probably going to be tough. Canada flipped us the finger and built the pipeline to the west coast and now export that oil to China.
Also Canada has Trudeau so that won’t help.
Last, it would be tough think it smart to invest in a pipeline if you know the next president afterwards might shut it down with an executive order.
Biden and Kamala did incalculable damage to this country.
If POTUS 47 says it will re-start, it will re-start!
What pipeline did Canada build?
They had a pipeline that goes to Vancouver.
They doubled the size of the existing pipeline.
To the best of my knowledge that is the ONLY pipeline going west.
Yes, they want to build one going to the BC coast.
However, it needs to go through First Nations lands. They actually want it to go through.
However, the BC government is as liberal as California now.
It is not like Alberta.
Even when/if that pipeline gets finished it does not mean that the Chinese are going to buy all the oil.
California, OR, WA, Japan, Korea, and every other country on the Pacific Rim will be interested in buying the oil.
The only loser are the oil sellers from Alaska.
I hope that he does restart the project on Day 1. OBiden shutting it down was the start of higher costs of everything the past four years.
ET shot up about 4% on this news. It was already a top-ranked MLP.
ET shot up about 4% on this news. It was already a top-ranked MLP.
Isn’t it amazing how quickly a known change in future national leadership can make a difference in so many business and even cultural sectors?
For instance, I heard today there is a recent spike in military re-enlistments. It’s as if many of the enlisted were waiting to see which way the wind will be blowing next year.
Also DIE government employees are already packing their bags and looking for somewhere else to peddle their fake goods.
Many energy stocks are up while stocks in companies such as Jaguar are down. Jaguar is down over 8% in the past month and over 17% in the past 6 months. I don’t think their latest ad campaign is going to reverse that trend.
It truly is as if it is “morning in America”.
Roll back regulations and many will be shocked at how quickly the pipeline can be laid and put into operation.
Agree with all that and Jag is in bad shape. One of the most expensive cars to keep on the road, it’s lost its mojo.
There will need to be some type of guarantee any future administration won’t be able to shut it down with the stroke of a pen.
To me, this was the birthplace of the Biden inflation cycle. On the same day as his inauguration, he signed an EO that killed the Keystone Pipeline and the jobs of 11,000 workers. That act left only one way to move oil from the North Dakota oil fields to the refineries in the Mississippi Delta—Warren Buffet’s rail line. It was a Biden pay back for the Green voting block. Biden also close federal lands to exploration and drilling, including offshore sites, too.
Suddenly, distillate fuel futures shot up. With it, diesel used for tractors to till, maintain, and harvest crops doubled in price. So did the cost of moving farm products to food producers, and from producers to grocery stores. There was no Harris-type price gouging taking place—grocery stores earn between 1-3% profit. Harris wasn’t smart enough to see the supply chain effects the Biden policies had on prices. From that point on, it rippled its way through the economic system.
I hope Trump undoes all of this on his first day in office.
Why do we need to import Canadian oil?
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