Canada Says Its Oil Could Replace US Imports Of Russian Crude, All It Would Take Is Approval Of The Keystone XL Pipeline
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Are talking about the very small percentage of Canadian truckers that won't get vaxed? Hauling in Canadian oil that will then get shipped to China?
Exactly correct. The prices couldn't support the costs for those wells.
The Saudis have billions and billions of gallons of $10/barrel oil
The US has many millions (or billions) of $80-200/barrel oil.
We have lots of proven reserves, but they aren't at the price point that enables extraction to compete with what the Saudis can do.
Oil companies are not hurting for money or profits. They are at an all time high.
Burning Diesel fuel (truck and train) to bring in crude oil is much dirtier and and environmentally damaging then building a pipeline. Pipeline should have been built and its cancelation is one of the stupid Biden moves that has driven the price of crude up as high as it is.
Nothing in your home or business arrives there without the use of diesel, all the food you eat is dependent on it. So making it difficult and expensive to produce and move is the one of the main reason for the rampant inflation we are seeing.
And oh by the way, you cannot just re-open old wells. They have to be capped when decommissioned due to environmental regulations. I swear a lot of you just make shit up to fit your agenda.
Nothing in your home or business arrives there without the use of diesel, all the food you eat is dependent on it. So making it difficult and expensive to produce and move is the one of the main reason for the rampant inflation we are seeing.
And oh by the way, you cannot just re-open old wells. They have to be capped when decommissioned due to environmental regulations. I swear a lot of you just make shit up to fit your agenda.
The Canadian tar sands were never going to supply any of that to US markets.
Spend the money on renewables infrastructure and the transition, which is happening faster than oil companies realize.
The tar sand that comes from Canada isn't brought in to produce fuel here. It is primarily sent to China.
Tar Sand?? Really?? More made up crap. No one was going to be pushing tar sand through a pipeline. By the way what is this new technology that is replace fossil fuels and driving or economy? My engineering friends and I are curious on what it is?
Dude....it's the tar sands that oil COMES FROM.
Jeebus you're illiterate on this topic.
You must be the most successful person on the planet. You literally know everything. Expert in the field of Covid-19…and now you appear to be an expert in oil and gas production. Congrats Joe
I'm going to presume you "read up" on the tar sands oil, and now understand why your points were silly.
You're welcome.
Let's say we could up production tomorrow by 1MM bbl/day. That would be a nearly 7% increase in US production. It would, however, be barely a 1% increase in worldwide production. We are not going to pump our way out of this. You want more oil on the market - enough to make a difference? Turn Iran loose. Put the JCPOA back in force over the objections of a self-serving Russia - and wingnuts in the US. Iran could put 4+MM bbl/day on the open market in short order.
BTW...the US could save well in excess of 1MM bbl of oil every day starting tomorrow with some reasonably simple conservation measures...like reducing your heat setting/raising your AC setting by 3-5 degrees, keeping your tires properly inflated, car pooling or taking mass transit as much as possible, driving responsibly...you know, all that stuff that we know works. But that would require that WE do something rather than relying on others. The GOP faithful would rip Biden apart if he went on TV and called for those kinds of "sacrifices".
No they are not. You believe old Joe's propaganda.
Texas democrats have written old Joe he needs to ramp up. This is the 2nd time they have done this. First is when he issued his record EO on day 1 to put a hold on.
The Democrats, however, blamed reliance on foreign oil and "restrictions on domestic production" for the high gas prices, which for the first time since 2008 hit an average of $4 per gallon at the pump. They also called out Biden for climate change initiatives that have hampered domestic energy production
letter is signed by Gonzalez and fellow Texas Democrats Sylvia Garcia, Henry Cuellar and Filemon Vela.
Now tell us this is bs. Lol.
Old Joe now has the squad and the oil producer state democrats after him. Falling apart, failure at leadership.
No I'd rather see old Joe on his knees begging ruthless dictators to takes more money from us for their oil. Glorious, right?
So Joe can force private oil companies to increase what they choose to produce? Are you advocating for socialism?
Someone else who doesn't understand what the Keystone pipeline does. Or the difference between more production, more drilling or re-commissioning called wells. SMH
This thread and the twenty others like it on oil prices reaffirms my disdain for politics. There is so much disinformation being spread that I do not know what to believe. I guess that is why it is said that ignorance is bliss!
Pipeline would eventually spill and lead to a major disaster. Keep that pipeline away from the aquifer.
Makes too much sense. We are exporting the product and bitch about the cost of it. Sounds, well Republicany.
Somehow, no matter how many times you patiently explain that the Keystone is flowing even as I type, the “Build the Keystone“ crowd never comprehend that fact.
Perhaps the never completed Keystone extension (Phase IV) is what they pine for…
It is crazy how close, comparatively, that the Hardesty terminal is to the Pacific vs. the Gulf of Mexico. If it is going to China anyway, why send the dilbit East first?
The proposed Phase IV, Keystone XL (sometimes abbreviated KXL, with XL standing for "export limited"[18]) Pipeline, would have connected the Phase I-pipeline terminals in Hardisty, Alberta, and Steele City, Nebraska, by a shorter route and a larger-diameter pipe.[19] It would have run through Baker, Montana, where American-produced light crude oil from the Williston Basin (Bakken formation) of Montana and North Dakota would have been added[12] to the Keystone's throughput of synthetic crude oil (syncrude) and diluted bitumen (dilbit) from the oil sands of Canada.
The pipeline became well known when Phase IV KXL attracted opposition from environmentalists, becoming a symbol of the battle over climate change and fossil fuels. In 2015 KXL was temporarily delayed by President Barack Obama. On January 24, 2017, President Donald Trump took action intended to permit the pipeline's completion. On January 20, 2021, President Joe Biden signed an executive order[20] to revoke the permit[21] that was granted to TC Energy Corporation for the Keystone XL Pipeline (Phase 4). On June 9, 2021, TC Energy abandoned plans for the Keystone XL Pipeline.[22][23]
Keystone Pipeline - Wikipedia
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It
For many, it is happening right now, and the pace will pick up. A friend brought home an electric Polestar (Volvo product) a few weeks back that is getting the equivalent of ninety MPG. He charges it at night and loves it.
No trad, it does not go 500 miles per charge, so don’t bother ranting about that detail.
A few slow but sure changes will help us to forget ever buying oil from Russia again. The house of Saud could be next.
Cut of the flow of money to bad actors, save money, create more jobs, lessen climate related disasters.
It is comical to see people talk about not being able to dramatically lower fossil fuel usage for another 20, 30, 40 years or more.
For many, it is happening right now, and the pace will pick up. A friend brought home an electric Polestar (Volvo product) a few weeks back that is getting the equivalent of ninety MPG. He charges it at night and loves it.
No trad, it does not go 500 miles per charge, so don’t bother ranting about that detail.
A few slow but sure changes will help us to forget ever buying oil from Russia again. The house of Saud could be next.
Cut of the flow of money to bad actors, save money, create more jobs, lessen climate related disasters.
Remember when FDR had to go to Henry Ford and get them to shift to military hardware instead of autos? After vilifying the titans of industry, he eventually had to go hat in hand to get them to produce planes and tanks instead of cars. Socialism, I guess was ok then...
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