TransCanada submits US application to build Keystone pipeline

Posted: January 27, 2017 by oldbrew in government, News, Politics, shale oil
Credit: boereport.com

Credit: boereport.com

The oil will travel one way or another, whether there’s a Keystone pipeline or not.

Canadian pipeline builder TransCanada announced it had submitted an application to build the Keystone XL pipeline, a controversial project that has been given the green light by US President Donald Trump, reports Phys.org.

Trump on Tuesday gave a conditional go-ahead for the project, which was put on hold by former president Barack Obama over environmental concerns. Calgary-based TransCanada said in a statement it had filed a “presidential permit application” with the US State Department for approval of the project.

The 1,180-mile (1,900-kilometer) pipeline would carry oil from Canadian tar sands to US refineries on the Gulf Coast, with some 870 miles winding through the United States. Trump repeatedly asserted during the US presidential campaign that he would approve the pipeline.

“This privately funded infrastructure project will help meet America’s growing energy needs as well as create tens of thousands of well-paying jobs,” TransCanada CEO Russ Girling said in a statement. The statement added that the project would add $3.4 billion to the US economy.

TransCanada must now wait while the US conducts a new study of the Keystone XL project. But between Trump’s conditional go-ahead and his nomination of Rex Tillerson, the former CEO of ExxonMobil, as secretary of state, the project is likely to be approved.

Canada is the world’s sixth-largest oil producer thanks to the Alberta oil sands, which produce some of the “dirtiest” crude in the world. Canadian Prime Minister Justin Trudeau recently said he wants to gradually halt exploration of the oil sands and transition away from fossil fuel.

Source: TransCanada submits US application to build Keystone pipeline | Phys.org

Comments
  1. pipeline would carry oil from Canadian tar sands to US refineries

    ——————–
    That should make USA independent of external oil sources then!!

  2. oldbrew says:

    Some level of oil dependence may be an advantage for the US.

    Roger Howard[26] has argued[27] in the Wall Street Journal that oil dependence has significant benefits for the US and other oil-importing nations. First, the world’s major oil exporters are highly dependent on their oil revenues, and fear rapid drops in the price of oil, such as occurred in late 2008 and in 2014/2015. Second, this fear restrains destructive actions by exporters… [etc.]
    http://en.wikipedia.org/wiki/United_States_energy_independence#Benefits_of_oil_dependence

    Having a variety of sources also limits their individual leverage on the importer.

  3. BLACK PEARL says:

    Is this why the pipeline was put on hold in the first place ?
    http://www.americanthinker.com/articles/2015/11/warren_buffett_and_the_keystone_decision.html

  4. oldbrew says:

    Black Pearl – Obama presumably didn’t want the label of ‘tar sands pipeline approver’ anyway.

    Everyone knows there’ll be ugly bust-ups on the ground if/when it happens.

  5. oldbrew says:

    ‘Trump has committed to ending the previous administration’s climate action plan and “achieving energy independence from the OPEC cartel and any nations hostile to our interests”.’

    http://www.thegwpf.com/us-energy-policy-change-will-have-repercussions-for-uk-says-expert/

    That policy wouldn’t exclude Canada from supplying the US.

  6. jim says:

    Isn’t the ugly bust-up going on in Canada, from those nice people?

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