You're welcome to believe what you want. Here's a fact check on the pipeline claim from the Associated Press (
https://apnews.com/article/fact-checking-895299166310):
CLAIM: The Keystone XL pipeline cancellation caused the current high gas prices.
AP’S ASSESSMENT: False. The Keystone XL crude oil pipeline wasn’t yet operational when it was canceled in 2021, and wasn’t expected to be running until 2023. Rather, experts say gas prices are high due to other factors such as the global spike in the cost of crude oil and increased demand after pandemic lockdowns ended.
THE FACTS: Social media users are pointing to <The President's> decision to cancel the Keystone XL pipeline in January 2021 as a major reason for high gas prices in the U.S. in recent weeks. Gas prices have reached record highs since Russia’s invasion of Ukraine.
A meme posted on Facebook last week, which now has over 20,000 shares, reads: “Facts: If they didn’t shut down our pipelines we wouldn’t be paying $7 for gas.”
“So the guy who closed the Keystone pipeline on Day one, wants us to believe it’s Russia’s fault for the gas crisis,” says another Facebook post.
This persistent narrative has been spreading on social media since the early days of Russia’s invasion of Ukraine, along with false claims that all other U.S. oil pipelines have also been shut down. That is not the case. Experts tell The Associated Press that the Keystone XL pipeline cancellation isn’t affecting what’s happening in the oil market today. It was never operational when it was shut down, and was not slated to go into service until 2023, according to a press release from TC Energy, the company constructing the project.
“Problem with the Keystone: It’s like saying a highway that was built but never completed is somehow making your commute to work way longer. You never got to ride on that highway. It was never opened. It was never relied on,” said Patrick De Haan, head of petroleum analysis for GasBuddy.com, referring to the Keystone XL pipeline.
The Keystone XL pipeline was intended to be an expansion of the existing Keystone pipeline, which runs about 2,687 miles from Alberta to Illinois and Texas, and is operating. The pipeline extension was designed to carry up to 830,000 barrels of oil a day from Canada and North Dakota to refineries along the Gulf Coast. Biden revoked the permit to continue construction in January 2021, shortly after he took office.
The U.S. is still receiving oil from Canada through other means, like railways and other operational oil pipelines running in the U.S in addition to the original Keystone pipeline, said Ramanan Krishnamoorti, a professor and the chief energy officer at the University of Houston.
Even if the Keystone XL pipeline had been completed, the amount of oil it was designed to transport would have been a drop in the bucket for U.S. demand, experts noted. The U.S. used nearly 20 million barrels of oil a day last year, while global consumption of oil was near 100 million barrels. The pipeline would have contributed less than 1% to the world supply of oil, according to AP reporting.
Hello; I have seen and heard the very things you present in some form or another lately. I guess if someone really wants to believe in something other than the obvious these explanations will do. I do not however buy into them much at all. Massive and excessive deficit spending cannot simply be dismissed. In addition government policies do have a great effect on supply and demand which also cannot be dismissed.
QUOTE "very reluctant to plow any of that revenue into capital investment for new wells,” Ori added."
This quote tries to paint oil companies as bad citizens. Already with the stroke of a pen a multi-billion dollar pipeline was cancelled with the loss of many jobs. Several statements have been boldly made about putting an end to Fossil fuels by people in a position to do something about it. The idea a company or investor is going to ignore these warnings and risk millions or billions to start new oil wells does not make sense. If the policies were merely idealized verbiage such would be one thing. However there already have been serious real teeth associated with the new policies at both the state and federal level.
Let's consider that it can take several years, maybe six to eight or so, for an automaker to develop a new vehicle from scratch. With the ban on ICE vehicles looming do you think many, if any, will start now to build a new ICE next month with a newly developed engine? If any do that will be a vehicle they cannot sell in at least five states so far. Traditionally California alone has had massive influence on the auto industry to the point of California rules determining the cars we all can buy.
Sure some makers will keep pumping out ICE vehicles. My guess is they will use equipment already on hand. No new ICE engine molds or forging equipment. Equipment which can be used on both an EV and an ICE will get upgrades, but i think any pure ICE machinery will be allowed to wear out and be discarded.
Volvo has already divorced itself form ICE engine production. They will be moving to all EV. In the meantime they have created an outsource company to supply what ICE engines they will use for the next few years while they move into the all EV mode.
Yet somehow oil companies and refiners are expected to ignore all the warning signs and keep plowing in billions to keep us fat on fuel until we do not need them any more??? That said the all EV and green energy world is at best a pipe dream in the short term of decades. Trying for that sort of fantastical idealized world is already causing great harm and will become even worse if the policies continue. But all this is merely my personal take without, so far, my resorting to quoting someone else. My take either makes sense as it stands or it does not.
Last week the TVA which my power company is a part of asked us to cut back on electricity use due to high demand. This when EV's are a small factor in electricity use. I did my part and did not run the central air, nor do any cooking nor use any high draw equipment. I sweated and had cold cuts.
