GOVEROTRAGEOUS: Keystone XL was an example of Gooferment ‘market interference” to make things worse

Keystone XL

A Canadian energy firm behind the construction of the Keystone XL pipeline said yesterday it would formally end the project. President Joe Biden revoked the company’s permit to build an extension from Montana to Steele City, Nebraska, on his first day in office. 

The canceled line was planned as the fourth phase of the larger Keystone pipeline, which is currently operational (see map) and transports more than 600,000 barrels of crude oil per day from Alberta, Canada, to refineries along the US Gulf Coast. The already built line, which enters the US in North Dakota, remains operational. The addition would have increased capacity by roughly 800,000 barrels per day, or 7% of US daily consumption.

The Phase IV extension was originally opposed over its environmental impact in US Great Plains states, but became a proxy for the larger debate over climate change. See a timeline of the project here. 

# – # – # – # – #

SO how will all this oils move from Canadan to the Gulf Coast? 

Trucks?

No extra pollution, risks, or inefficiency in that!

Gooferment making things worse and worse every time.

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