Keystone XL Pipeline Permit is Cancelled

[sqiggy]

So let me get this straight. The pipeline has been built and laid in the ground. The product is coming from Canada going to Texas at a refinery.
And just like that, ole joe closed the main valve.
Is this about right or there’s more to it? I haven’t done any research on it.

[Jason]

Those pesky new pipelines are dangerous to our way of life...

[Bayouboy]

Maybe it is Warren Buffet’s way of either doing away with competition. Or, driving down the price of Keystone so he can buy it like he did Dominion

[MadHatter]

Buy some beans fellows.

[Txtourist]

My Burisma O&G stocks in the Ukraine are skyrocketing, who’d have thought?

[Matt_C]

Never meet a Democratic administration that couldn't kill an economy yet....

[Hoggslayer]

Maybe it is Warren Buffet’s way of either doing away with competition. Or, driving down the price of Keystone so he can buy it like he did Dominion

Last time they postponed it, he invested heavily in railroads. Imagine that. Follow the money.

[CWP]

So let me get this straight. The pipeline has been built and laid in the ground. The product is coming from Canada going to Texas at a refinery.
And just like that, ole joe closed the main valve.
Is this about right or there’s more to it? I haven’t done any research on it.

It's an expansion of an existing line, but with some other/new legs. Keystone is operating, Keystone XL is the expansion/new line. Reality being, the pipe was really no longer needed. It a low impact "win" for Biden to show the greenies. Probably also see him ban new oil and gas leases on federal lands (announced a pause today). Another small win, but reality is that most/all of the good leases are already leased, rest is more exploration or has other challenges.

Canada needs to build more to their west coast, because its all going to get exported to Asia anyway.

[RiverRat1]

Interesting as folks we know in Nebraska were very against it, crosses over a major aquifer.
Also know folks who work on those pipelines, they hire workers that follow it for the most part and not tons of locals, except for heavy equipment operators.

Someone is always against progress...always

[WItoTX]

Those pesky new pipelines are dangerous to our way of life...

Yes.

But all you oil field scum can just get programming jobs. Hillary can help you with that.

[RDL]

You can’t count the jobs and businesses that a pipeline brings or helps!


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[Bayouboy]

Last time they postponed it, he invested heavily in railroads. Imagine that. Follow the money.

He also owns pipelines. And, is real good at sending lobbyists to D C.

[EarleyBird]

Last time they postponed it, he invested heavily in railroads. Imagine that. Follow the money.

Yep, pipeline is cheaper than RR. He'll use his influence, and back-room threats, to have it railed from Canada to the west coast, where it will be loaded on tankers and sail directly to China.

[Bazo]

Yes.

But all you oil field scum can just get programming jobs. Hillary can help you with that.

I have several rags and a hammer...where do I sign up!

[BeerMe]

This should **** off the environmentalist. We buy and refine clean or China buys and refines their dirty way. This is worse for global pollution. No matter cause “OIL BAD”!