•   
  •   
  •   

Canada Why the U.S. isn't in desperate need of the Keystone XL pipeline

15:52  22 january  2021
15:52  22 january  2021 Source:   cbc.ca

Feds laying groundwork to ensure Biden hears Canada’s priorities, ambassador says

  Feds laying groundwork to ensure Biden hears Canada’s priorities, ambassador says 'We have been spending months getting ready for that,' Canada's Ambassador to the U.S. Kirsten Hillman told 'The West Block''s Mercedes Stephenson."We have been spending months getting ready for that," Kirsten Hillman told The West Block's Abigail Bimman.

The Keystone XL pipeline extension, proposed by energy infrastructure company TransCanada in 2008, was designed to transport the planet’ s dirtiest fossil fuel to market, fast. An expansion of the company’ s existing Keystone Pipeline System, operating since 2008 (and already sending Canadian

The key pipeline candidate, MS1819, is being investigated as a treatment for exocrine pancreatic insufficiency for patients also suffering from cystic fibrosis. MS1819 is a recombinant lipase, derived from a yeast strain. The drug is designed to target fat molecules in the digestive tract, allowing

a group of people lying in the dirt: A lot has changed since the Keystone XL pipeline project was first proposed in 2005. For one thing, the U.S. has increased its own oil production and has become far less dependent on imports. © TC Energy/The Associated Press A lot has changed since the Keystone XL pipeline project was first proposed in 2005. For one thing, the U.S. has increased its own oil production and has become far less dependent on imports.

Ramped up domestic oil production and alternative supply routes have lessened the U.S.'s need for the hundreds of thousands of barrels of oil that would have been pumped daily through the now-cancelled Keystone XL pipeline, some industry experts say.

On Wednesday, not long after being sworn in as president of the United States, Joe Biden fulfilled a campaign promise by signing an executive order scuttling the 1,897-kilometre pipeline expansion as part of the administration's effort to fight climate change.

Canada continues to ‘make the case’ for Keystone XL to Biden’s team, feds say

  Canada continues to ‘make the case’ for Keystone XL to Biden’s team, feds say Canada is pushing back on reported plans from the incoming Biden administration to shut the door on the Keystone XL pipeline expansion, the natural resources minister said Monday. Read more: Biden plans to block Keystone XL pipeline with day 1 order, documents show

Demonstrators marched against the Keystone XL pipeline in Lincoln, Neb., last year.Credit Nati Harnik/Associated Press. Now, a federal judge has issued a repudiation of one of President Trump’ s first acts as president, his decision to allow the disputed Keystone XL oil pipeline to proceed, saying

Keystone XL is an expansion of an existing pipeline , called Keystone , that carries Canadian crude into the U . S . It was first proposed in July Why has it been controversial? Soon after TC proposed the pipeline , it ran into opposition from environmental groups. They cited the threat of spills, and they

The project, first announced in 2005, would have carried 830,000 barrels of crude a day from the oilsands in Alberta to Nebraska and connected with the original Keystone pipeline that runs to Gulf Coast refineries.

"I really don't think that this works out to be a major, significant change to American oil supply right now," said Warren Mabee, director of Queen's University's Institute for Energy and Environmental Policy. 

"The flow of oil out of Canada ... is now a much smaller part of any big U.S. energy strategy. They've got the capacity in the States to be able to make up for that. They're not really counting on the additional capacity, the growth that Keystone XL would bring."

A 'gut punch'

Prime Minister Justin Trudeau said he was disappointed with Biden's decision, but Alberta Premier Jason Kenney called it a "gut punch" and federal Conservative Leader Erin O'Toole described it as "devastating."

Kenney urges Biden to 'show respect for Canada' and sit down to talk before cancelling Keystone XL

  Kenney urges Biden to 'show respect for Canada' and sit down to talk before cancelling Keystone XL Alberta Premier Jason Kenney wants U.S. president-elect Joe Biden to give the Canadian government a chance to make the case for building the Keystone XL pipeline. Kenney will seek legal damages if reports are true that Biden plans to scrap the pipeline expansion project on his first day as U.S. president, the premier said Monday. "We hope president-elect Biden will show respect for Canada and will sit down and at the very least talk to us," Kenney said.

CALGARY — TC Energy Corp. says it has suspended work on the Keystone XL project in anticipation of U . S . president-elect Joe In a news release, it says it is "disappointed" with Biden' s expected action, adding it will overturn extensive regulatory reviews that found the pipeline would transport needed

The Keystone XL Pipeline project is almost certainly dead. No, not because a bill that would have finally given the go-ahead to begin construction fell one vote Health insurance is probably one of the most crucial — if not the most crucial — consideration you’ll need to make before you leave your job.

a man sitting at a table using a laptop: U.S. President Joe Biden signs executive orders on his first day in office. He wasted little time cancelling the Keystone XL project. © Evan Vucci/The Associated Press U.S. President Joe Biden signs executive orders on his first day in office. He wasted little time cancelling the Keystone XL project.

While supporters of the project north of the border say the decision represents a major loss for Canadian jobs and oil production, it likely won't have a similar negative impact on U.S. oil supply, some experts say.

And that makes the prospect of changing the administration's mind even more unlikely.

"A decade ago, we were integral," Mabee said. "In fact, the United States would think of Canada as part of the United States when they were looking at their energy supply. And I don't think that's the case anymore."

As well, there was no guarantee that adding 800,000 barrels a day of capacity would lead to 800,000 barrels a day of additional production in the oilsands, said Mabee.

With Canada already moving 500,000 barrels a day by rail to the U.S., Keystone XL may have just picked up the slack from the rail system, he said.

Environment Minister Says Canada-U.S. Opportunities Are ‘Bigger’ Than Keystone XL

  Environment Minister Says Canada-U.S. Opportunities Are ‘Bigger’ Than Keystone XL OTTAWA — Federal Environment Minister Jonathan Wilkinson signalled Tuesday that the Canadian government won’t dwell on U.S. president-elect Joe Biden’s expected announcement scrapping the Keystone XL pipeline, and will instead seek to ensure there is no better ally to the United States on the climate file than Canada. Speaking on a panel with John Podesta, the former campaign chair to secretary Hillary Clinton, counsellor to president Barack Obama, and chief of staff to president Bill Clinton, Wilkinson said the run-up to Biden’s inauguration had “offered a welcome dose of climate optimism.

TransCanada’ s Keystone XL oil pipeline isn ’ t attracting much interest from either crude producers or refiners. Above, a North Dakota depot used to store pipes for Several firms are competing to build pipelines from Canada to the U . S . Some analysts doubt there will be enough demand for the projects.

The pipeline has been held up by six years of intensive debate between politicians, energy advocates and environmentalists, all have whom have strong The Senate currently appears to be stuck at 59 votes in favor of approving the Keystone XL Pipeline ; they need just one more in order to prevent a

Weaned off imports


Video: How Joe Biden’s plans to block Keystone XL pipeline will affect Alberta (Global News)

In the years since Keystone XL was first proposed, the U.S. significantly increased its oil production through the hydraulic fracturing of shale. This resulted in a 230 per cent surge in U.S. crude production, or an extra 6.9 million barrels a day, said Michael Tran, managing director of global energy strategy at RBC Capital Markets. Total U.S. crude imports have dropped significantly as well.

According to the U.S. Energy Information Administration, in 2019, the U.S. produced about 19.25 million barrels per day and consumed about 20.4 million barrels. 

Since the 1990s, Canada's share of total crude oil imports to the U.S. has increased, accounting for 56 per cent of the supply in 2019.

However, by that time, total U.S. crude oil imports were down by about one-third compared to 2005 volumes.

"So the U.S. has just really weaned its way off of global imports in a really big way during that period," Tran said. "The domestic shale revolution has completely altered the U.S. landscape and its dependency on foreign oil. 

Varcoe: Keystone XL is shot down, and the target turns to other pipelines

  Varcoe: Keystone XL is shot down, and the target turns to other pipelines On his first day as president, Joe Biden pulled the pin on Keystone XL. The political fallout reverberated on both sides of the border, as pipeline opponents set their sights on other infrastructure that transports Canadian oil into the United States, such as Enbridge’s Line 3 replacement project. “It should set a precedent,” said Anthony Swift of the Natural Resources Defense Council (NRDC). “The same case that Keystone XL failed to pass, Line 3 certainly fails to pass as well.” Hours after his inauguration, the 46th U.S.

"The U.S. need for Canadian oil is not to the same urgent degree as it has been in the past."

map © CBC News

David Braziel, CEO of RBN Energy, an energy markets consultancy based in Houston, Texas, said that when the Keystone XL project was first announced, back in 2005, the U.S. was certainly in need of the additional capacity that would have been produced. 

But as the project continued to stall, the industry found alternative supply chains. Producers began relying more on rail to transport oil supplies while other pipelines expanded incrementally to help move those additional barrels to U.S. markets, Braziel said. 

The U.S. is also counting on the expansion of the Trans Mountain Pipeline, which heads west from Alberta to B.C. and connects with a pipeline to Washington state, and Enbridge Line 3, which also begins in Alberta and crosses Minnesota to Superior, Wis.

In late July, the Trump administration approved the existing Keystone pipeline to ship 29 per cent more Canadian crude into the U.S. Midwest and Gulf Coast.

"So, there's a lot of additional capacity that could come on to fill the gaps. If the Keystone XL was there, [we would] definitely use it, but if it's not there, then there are other ways to get to market," Braziel said.

The Top Songs of the 1980s

  The Top Songs of the 1980s These are the can't miss hits from the era of big synths and bigger hair.

Andrew Lipow, CEO of Lipow Oil Associates, a petroleum consulting firm based in Houston, Texas, said the Keystone XL pipeline certainly could have been used to increase crude oil production that ultimately would have been delivered to U.S. refineries, many of them on the Gulf Coast, displacing imports from other parts of the world.

"And those other imports that the Gulf Coast relies on come from areas of the world that may be politically unstable or have other supply issues," he said.

Major exporter

As well, while shale production has resulted in the U.S. becoming a major exporter of crude oil, that oil is of the "light sweet variety," Lipow said. And many U.S. refineries are configured to prefer the heavy sour crude that comes from Alberta.

"The Canadian crude is actually less expensive than the light sweet crude coming out of the shale producing regions [in the U.S.]," he said.

Still, while the U.S. refineries would prefer Alberta crude pumped through Keystone XL, they can still use U.S. crude oil, he said.

Meanwhile, U.S. motorists are unlikely to see any spike in gas prices as a result of the Keystone XL decision, Mabee said.  

"It's not going to leave Americans paying three times as much for their gasoline," he said. "It probably won't affect their price at all." 

O’Regan rebuffs calls to impose sanctions on U.S. over Keystone XL cancellation .
O'Regan said the government has a "responsibility to Albertans to safeguard our relationship with the single largest customer for Canadian crude.""Madame Speaker, I have not yet heard a single argument that would convince me that a trade war is in the best interests of our oil and gas workers," Seamus O'Regan said during an emergency debate in the House of Commons Monday evening.

usr: 0
This is interesting!