The Environmental Protection Agency is the second group. Colonial Pipeline, a major delivery system spanning from the U.S. Gulf Coast to the East Coast for transportation fuels and other refined petroleum products, halted operations on Friday, May 7, to contain the effects of a cyberattack. Colonial Pipeline, a 2.5-million-barrel-per-day (b/d) system of approximately 5,500 miles of pipeline, is a significant mode of shipment for transportation fuels for the East Coast, particularly for several states in the southeastern United States. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. TC Energy said more than 1,000 people are out of work because of Bidens executive order. Most of those positions would have been temporary construction jobs. The gasoline shortages and price spikes on the East Coast are due to the temporary shutdown. CNN Sans & 2016 Cable News Network. 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. We use Mailchimp as our marketing platform. Copyright 2023 CBS Interactive Inc. All rights reserved. In a world of wild talk and fake news, help us stand up for the facts. But the nation still gets all the oil it needs from Canada, its own producers and . 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. ", stated on February 8, 2023 in a blog post. Construction began in April 2020, but that same month,a federal courtsaid that the project had to go through a full endangered species review. 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. The transport capacity of the Keystone XL pipeline, which Biden canceled, would have been about 830,000 barrels per day more than the amount of oil being imported to the United States from Russia. In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. That very well may be the case as Valero, one of the largest prospective purchasers of Keystone XL's crude, has already told its investors the its future business is in international export. (n.d.) But both TC Energy and the State Department have said the majority of those jobs would be temporary. This portion would transport oil over 435 miles through 36 pipe running from Cushing, Oklahoma to Port Arthur, Texas. On his first day as the 46th President of the United States, Joe Biden signed an executive order revoking permission for the construction of the Keystone XL oil pipeline, an $8 billion, a 1,200-mile-long project that was supposed to carry up to 830,000 barrels of oil per day. Its proposed route in Nebraska cut through the Ogallala Aquifer, the groundwater source for millions of Plains states residents. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. The first is the Gulf Coast Project. Senator Joe Pittman said the U.S. imports around 800,000 barrels of oil per day from Russia, reports CBS Pittsburgh News. All Rights Reserved. This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. Data is a real-time snapshot *Data is delayed at least 15 minutes. Gregory Nemet, professor of public affairs at the University of Wisconsin-Madison's Wisconsin Energy Institute, pointed out that the cost of oil has steadily increased since last fall, when it was around $70 a barrel, to more than $130 last week before settling back at around $100 a barrel on Tuesday. Sign up for free newsletters and get more CNBC delivered to your inbox. In 1991, a pipeline rupture spilled 1.7 million gallons of crude oil into the Prairie River near Grand Rapids, Minn., in the largest inland U.S. oil spill. update email soon. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. The US Supreme Court denied a request from the Trump administration to allow construction of the Keystone XL pipeline, upholding a lower court's ruling blocking a permit needed for the project . The first is the Gulf Coast Project. "Keystone would have helped ease those fears while giving America the flexibility to counter Russian aggression by expanding energy exports to Europe," she wrote. 33701 In summary, Keystone is good for the economy, good for U.S. energy independence, and good for the American consumer. . On November 19, 2014, the U.S. Senate voted against the passage of the bill which would allow the Keystone XL Pipeline to proceed. The pipeline's opponents in Nebraska feared that any leak from Keystone XL would damage the critical aquifer, and they welcomed the end of the project. The Keystone Pipeline moves crude oil from tar sands refineries in Canada and the Midwest to refineries in Texas. In the ad, which began running on Facebook and Instagram on Feb. 25, the day after the invasion, LaTurner stated: "President Biden canceled the Keystone XL Pipeline on his first day in office. keep you informed with the latest alerts and progress reports. 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. Energy from solar panels, wind turbines and other low-carbon technologies also tends to get cheaper the more widely it is used, they said. Could the Keystone XL pipeline help lower U.S. gas prices? A damaged section of the Keystone Pipeline was reopened Thursday after weeks of repairs and clean up following a leak of 600,000 gallons of crude oil into a Kansas creek, officials said. Dec. 11, 2022, 8:21 PM PST. / CBS News. Sixteen years later, three phases of the Keystone project are complete. Fish & Wildlife Service. The Keystone XL may never move any oil, but its impact will still linger in the form of the pipes, worker camps, and other assets stranded along its 1,200-mile path. That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. In 2008 the country exported 1.8 million barrels a day of refined products, according to EIA. All Rights Reserved. As a result of those environmentally-friendly construction priorities, Keystone XL was said by some to be a "model for green pipelining," the Journal reports. Reuters spoke via email with James Stevenson, a spokesperson for the Canada Energy Regulator, which oversees the Canadian portion of the Keystone XL Pipeline (here). Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. Opinions expressed by Forbes Contributors are their own. The project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. 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. It's, 'Oh, there's a lot more risk now than there was before.'". Unfortunately, Bidens initiative to cancel the project left many angered and without jobs. Discovery Company. This pipeline is the already existing Keystone pipeline that sends 550,000 barrels of oil from Alberta to Steel City. We want to hear from you. "Stop importing from Russia, start producing more," he tweeted in early March. The Keystone Pipeline already exists. It did not specify exactly how many jobs would be lost. In May 2021, the U.S. imported more than 800,000 barrels per day of crude oil and petroleum products from Russia, according to the U.S. Energy Administration. An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. Factset: FactSet Research Systems Inc.2019. US President Joe Biden has cancelled permits for the controversial Keystone XL pipeline on his first day in office. 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. Because the pipeline was a major infrastructure project that crossed a U.S. border, it needed a so-called presidential permit from the State Department. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. The entire system without the XL extension stretches about 2,687 miles in total length. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. The Department of State, in consideration of the permit, must examine the potential impact of the pipeline on the environment, the economy, U.S. energy security, and foreign policy plus a few additional items. It seems as though the polarization of the United States is increasing. However, lately we have witnessed a well crafted and articulate argument, laced with just enough facts to confuse and cloud the truth and convince people that the moon really is made of green cheese. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. Extracting the bitumen and diluting for shipment requires energy, most of it from burning fossil fuels. Oil and Liquids TC Energy builds and operates safe and reliable energy infrastructure. President Biden's energy agenda has strengthened Putin at the expense of hard-working Kansans.". The Keystone XL was designed to carry more than 830,000 barrels a day of crude oil, virtually all of it coming 1,210 miles from the tar sands to Steele City, Neb. 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. In this article, I will dispel the myths and rumors and discuss only the facts. "We're hopeful that the Biden administration will continue to shift this country in the right direction by opposing fossil fuel projects.". Li Cohen is a social media producer and trending content writer for CBS News. The Keystone Pipeline: A Never-ending Saga. Keystone XL, a US$8-billion oil pipeline that was set to flow from Alberta to Nebraska, is officially scrapped, the project's owner, TC Energy, confirmed on Wednesday. Gasoline is actually one of the nation's largest exports, going mostly to Latin America. Stevenson confirmed that as of late 2020, about 152 kilometers, or 93 miles, of pipeline had been laid near the U.S.-Canada border. Well get to that in a moment. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels. The Keystone Pipeline from Canada to the U.S. is not closed. Hence, opponents of this project have taken a well anticipated route, claiming that it will harm the environment. In a Jan. 20 statement, TC Energy said Bidens order "would directly lead to the layoff of thousands of union workers." A leak in the pipeline is a primary concern along with the ability to respond quickly to a disaster of this nature. Our Standards: The Thomson Reuters Trust Principles. Ive also heard opponents say that the project will not create very many high-quality or long-lasting jobs. "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. 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. Both of these forms can be transported by pipeline. Finally, the pipeline would expand the transportation of oil sands from the Midwest to the Gulf Coast. The. "For 13 years, an international movement of frontline communities in the U.S. and Canada, Indigenous leaders, and environmentalists fought back against this terrible proposed project at every turn," Sierra Club Executive Director Michael Brune said in a statement. See who is sharing it (it might even be your friends) and leave the link in the comments. 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