Wednesday, April 6, 2022

Biden Wants More Canadian Oil But He Killed The Keystone Pipeline

In a desperate effort to alleviate pressure at the pump that's left Americans coping with the highest gas prices on record compounded by inflation, the Biden administration is reportedly seeking ways to import more oil from Canada.

Too bad President Joe Biden spiked the Keystone XL Pipeline that was expected to bring 830,000 barrels of Canadian crude to Gulf refineries upon inauguration.

"Biden administration officials are seeking ways to boost oil imports from Canada, people familiar with the situation say, but with one big caveat-they don't want to resurrect the Keystone XL pipeline that President Biden effectively killed on his first day in office," the Journal wrote.

"Canada could export some more oil via rail, according to analysts and others familiar with the situation, and it could also pump more oil by increasing pressure on existing lines or by installing larger pipelines along permitted routes," the Journal added.

"Pipe is the best way to go," Granholm professed, months after the administration axed permits for the Keystone Pipeline while simultaneously setting up European dependence on Russian energy supplies by endorsing the Nord Stream 2.

Last week, Biden announced the "Unprecedented" release of more than 180 million barrels of stored crude over a six-month period as the president does everything possible to avoid promoting long-term sustainable American production by reclaiming energy dominance.

Biden's decision to shop Canadian for more oil also overlooks American capacity to ramp up production, with the U.S. Bureau of Land Management sitting on more than 4,600 permit applications for drilling industry leaders say could propel domestic supply almost immediately if approved.

https://thefederalist.com/2022/04/06/oops-biden-wants-to-import-more-canadian-oil-but-he-killed-the-keystone-pipeline/ 

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