The 11,000 and $2 billion figures cited in the Facebook post are estimates published by the company, but most of the jobs would be temporary. The war in Ukraine also plays a role, although it was not the instigator of the increase. Part of TransCanada's Keystone XL pipeline under construction in Atoka, Oklahoma. Let us know!. That very well may be the case as Valero, one of the largest prospective purchasers of Keystone XL's crude, has already told its investors the its future business is in international export. Once refined, it'll be impossible to tell exactly where the oil that came down the pipeline went, but "with more oil, that [export] number will increase," said Milne. Is this good for America? The gas shortage on the East Coast of the United States in May 2021 was triggered by a cyberattack that caused the shutdown of the Colonial Pipeline, which runs from Houston to New Jersey and supplies 45% of the gasoline to the East Coast. In 2015 . Our only agenda is to publish the truth so you can be an informed participant in democracy. Second, the bitumen can be blended with lighter hydrocarbons to create a heavy crude. That number is an estimate, and the claim lacks context about the longevity of Keystone jobs. Former U.S. President Donald Trump had approved a permit for the line in 2017, but it continued to face legal challenges that hampered construction. The Keystone Pipeline: A Never-ending Saga. Spotted something? By Dennis Romero. Keystone XL Pipeline: The Keystone XL pipeline is a proposed extension of the Keystone pipeline system that will transport oil from Alberta, Canada to refineries in the United States. The pipeline would span 875 miles. The pipeline would divert large volumes of Canadian oil from the Midwest to the Gulf Coast, where it would be available for the first time to buyers on the world market. Examples of posts making this claim can be found here , here and here . The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. By late 2019, the Nebraska State Supreme Court seemed to clear one of the last hurdles for Keystone XL by approving its route through the state. The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. Specifically, the original pipeline route would have passed through an environmentally sensitive area of Nebraska known as the Sand Hills region. As of 2014 . So we wanted to take a closer look. ", Rifles were involved in 297 deaths in the U.S. in 2022 and constipation killed 2,167.. Not only did the revocation of the Keystone XL pipeline project permit reportedly hurt the Canadian and Alberta economies, but it cut thousands of jobs for Canadians and Americans. National Association of Manufacturers CEO on Biden's canceling of the Keystone XL pipeline. Solid green shows the full length in operation and the dotted green line shows the proposed Keystone XL project that was halted in January 2021: Lead Stories has debunked other false claims about the Keystone Pipeline projects impact on gas prices here and here. LaTurner represents Kansas 2nd District, which covers the Topeka area and points south. It threatened to seep into the Mississippi. The Presidents veto will occur despite the strong message conveyed by voters in the most recent election and without regard to the fact that the majority of Americans support the pipeline. From Canada's perspective, the problem with existing pipelines is they all end in the U.S. Midwest and only allow one buyer - the United States. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. / CBS News. "The Keystone pipeline, under the best of circumstances if you were a proponent of seeing it completed, wouldn't be completed yet," he said. Fourth is the U.S. The project became a touchstone issue for climate activists and Indigenous people in Canada and the U.S, including those along the pipeline's route. These typically exist in community groups and environmental organizations. According to TC Energy, the entire Keystone XL pipeline project would have cost around $8 billion to complete. The project has become a matter of intense debate in the United States. Thirty-five of them would be permanent, while 15 would be temporary contractors. Wind farm construction is a possible cause of dead whales washing ashore in New Jersey. The 1,200-mile Keystone XL Pipeline was designed to mirror that,. Keystone pipeline shut after oil release into Kansas creek On Wednesday evening oil started spilling into a creek near the pipeline in Washington County, Kan., about 240 kilometres. All rights reserved. : Alexis Tereszcuk is a writer and fact checker at Lead Stories andan award-winning journalist who spent over a decade breaking hard news and celebrity scoop with RadarOnline and Us Weekly. With inflation soaring, gas prices have been increasing for months hitting an average of$4.33 a gallon on March 11, according to AAA. How? Lawsuits claim it wrecked their teeth. The ad draws a misleading relationship between Russian imports and the Keystone pipeline project. ", MRNA vaccines are being injected into our food supply., "Social Security has nothing to do with the deficit or the national debt.". The 875-mile pipeline would carry a heavy crude oil mixture from . The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. We want to hear from you. The Keystone pipeline, which President Joe Biden canceled, would have transported more oil per day than the U.S. imports from Russia, but it would not have been a simple offset. The greatest, and perhaps the only argument against the pipeline, is occurring on the environmental front. It opened: When you can't find gas, remember who executively ordered the Keystone Pipeline to close. Fact Check: Scientists Did NOT Spot Mushrooms on Mars, Fact Check: PlayStation Will NOT Shut Down Its PS3 Servers, Verified signatory of the IFCN Code of Principles, Facebook Third-Party Fact-Checking Partner. In the ad, which began running on Facebook and Instagram on Feb. 25, the day after the invasion, LaTurner stated: "President Biden canceled the Keystone XL Pipeline on his first day in office. "It wouldn't be online and wouldn't be pumping oil until the year 2023. The project must also be in the national interest of the United States. ", Even if the pipeline was already built, it wouldn't help with the price at the pump, Nemet added, noting that the U.S. has already doubled its oil production over the last 15 years. Powered and implemented by FactSet. "But in terms of gasoline prices and global oil prices, it's just something it's better to just ignore because it would have no impact. TransCanada is a Canadian company that builds and operates energy infrastructure across the North American continent. "And so we've got 8 billion people that are consuming oil and many countries that are producing it, and it all goes into one market.". "But there is a recognition that those types of actions may have some impact on the prices that Americans are paying at the pump.". Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. The Keystone Pipeline from Canada to the U.S. is not closed. But the U.S. imported an average of 209,000 barrels of crude oil per day from Russia in 2021, according to theAmerican Fuel and Petrochemical Manufacturers, as well as 500,000 barrels per day of other petroleum products. It's true that the 830,000 barrels a day the pipeline is slated to carry would probably replace some of the 2 million barrels a day of heavy oil currently imported to the Gulf Coast. It's a great day for Mother Earth," Larry Wright Jr., chairman of the Ponca Tribe of Nebraska, said in a statement. Hence, opponents of this project have taken a well anticipated route, claiming that it will harm the environment. A map of the Keystone XLs route alongside the existing Keystone Pipeline System, operating since 2010, can be seen here . As Canada's Natural Resources Minister Joe Oliver recently said, "we export 97 percent of our energy to the U.S. and we would like to diversify that." In other words, 14% of the investment was made in 2020, with the remaining 86% secured and expected to be paid in 2021 and 2022. inaccurate stories, videos or images going viral on the internet. Keystone XL would have passed through Nebraska, and for years, a coalition of Indigenous tribes, ranchers and local environmentalists demonstrated, lobbied and sued to halt the pipeline's construction. Campaign watchers rate the race as solid or safe Republican. CNN Sans & 2016 Cable News Network. Discovery Company. We rate it Half True. And, we also have the technology to assure that the environment will be protected. The petition was made to the U.S. Department of State because it would cross the U.S. border. ", Psaki added the Department of Energy predicts that in 2023 the U.S. will "produce more oil than ever before.". Those contractors were "responsible for hiring 7,000 union workers. The claim appeared as a post (archived here) published on Facebook on May 10, 2021. Washington, DC TransCanada conceded that Keystone XL would take oil from existing pipelines, increasing shipping costs. TC Energy planned to invest the remaining $2.7 billion to fund the project. "The key lesson there is the U.S. is not the whole story here. Could the Keystone XL pipeline help lower U.S. gas prices? The 875-mile pipeline would carry a heavy crude oil mixture from Western Canada to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. "In total, Keystone XL is expected to employ more than 11,000 Americans in 2021, creating more than $1.6 billion in gross wages.". Instead, they're a tarry fossil fuel called bitumen that's mixed in with clay, sand, rock and together, can be hard as a hockey puck, destruction of Alberta's forests and health effects that some researchers say could be linked to the strip mining, makes oil sands crude more carbon-intensive and worse for the climate, Biden Administration Strikes A Deal To Bring Offshore Wind To California, the world had to keep half of oil and gas reserves in the ground, enormous pushback from environmental and other activists, including major Democratic donors, TC Energy's pipeline system in the northern Great Plains experienced a series of leaks. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Canada-based TC Energy first proposed the 1,200 mile Keystone XL pipeline in 2008 as a way to quickly pump 830,000 barrels of tar sands (a.k.a. The State Department estimated full-time permanent jobs to be closer to 50, Big Oil (Probably) Isn't Going Away Anytime Soon. The Keystone XL tar sands pipeline is back in full force. It's, 'Oh, there's a lot more risk now than there was before.'". I ask, why not? Canceling the Keystone Pipeline Is a Mistake. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Opinions expressed by Forbes Contributors are their own. Lets look at the argument for and against the project. Heres point number one: The Keystone XL Pipeline is nothing new. The 1,200-mile Keystone XL pipeline, proposed by the Canadian energy conglomerate TC Energy, would carry up to 35 million gallons of tar sands crude oil from Alberta through Montana, South Dakota . In the weeks following U.S. President Joe Biden's decision to scrap the Keystone XL oil pipeline, posts on social media have claimed that the project "was in Phase 4 & just about completed". In the report, the agency wrote that 10,400 estimated positions would be for seasonal construction work lasting four to eight-month periods. The Keystone Pipeline from Canada to the U.S. is not closed. On February 9, 2005, TransCanada (now TC Energy) announced plans to construct a pipeline to move 400,000 barrels per day of Canadian heavy crude oil from Hardisty, Alberta, to Illinois. In 2008 the United States imported 9.8 million barrels of oil a day, according to the Energy Information Administration. President Joe Biden signed an executive order on January 20, 2021, revoking the permit for the Keystone XL, which stands for Keystone "export limited," segment of the Keystone system, which is the fourth phase of the system. In a Jan. 20 statement, TC Energy said Bidens order "would directly lead to the layoff of thousands of union workers." With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? First proposed in 2008, the $8 billion pipeline would deliver over 800,000 barrels of oil a day. We reached out to the user who published the post for their evidence, but we didnt hear back. The Keystone XL Pipeline, a planned extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Steele City, Nebraska, is considered the fourth phase of the Keystone Pipeline System (www.keystonexl.com/about/). News provided by The Associated Press. The portion of the Keystone Pipeline System that's already built runs from the North Dakota border south through South Dakota to Steele City, Nebraska, where it splits. Part of the pipeline runs east through Missouri while the other part runs through Oklahoma and into Texas. Related: If Wall Street's right, Obama may nix Keystone. At the heart of the protests was a knot of environmental concerns from the local to the global. This article was produced by the Reuters Fact Check team. In 2008 the country exported 1.8 million barrels a day of refined products, according to EIA. The first is the Gulf Coast Project. The Cushing Extension is 298 miles of 36 pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. All Rights Reserved. A depot used to store pipes for TransCanada Corp.'s planned Keystone XL oil pipeline in Gascoyne, N.D., on Jan. 25, 2017. CALGARY/NEW YORK (Reuters) - The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other . This group is responsible to issue permits for sections of the project that require placement of dredge and fill materials in waters of the U.S. including wetlands or for pipeline that crosses navigable waters. TC Energy appealed the ruling, but the Supreme Courtupheld itin July. Since it first went into operation in 2010, TC Energy's original Keystone Pipeline System has leaked more than a dozen times; one incident in North Dakota sent a 60-foot, 21,000-gallon geyser. There have been calls to revive the Keystone XL pipeline. Read more about our work to fact-check social media posts here . 1800 I Street NW Al Nash/Bureau of Land Management via AP It would take six to 10 years for oil from a new lease to hit the global market, Kieve said. "And supply doesn't always quickly respond to that kind of shock in demand.". The environmental argument is studied by five groups. TC Energy already had suspended construction in January when President. Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. Recent estimates are that the project itself will create about 43,000 permanent jobs. As a result of those environmentally-friendly construction priorities, Keystone XL was said by some to be a "model for green pipelining," the Journal reports. , according to the U.S. Energy Information Administration. The Keystone XL may never move any oil, but its impact will still linger in the form of the pipes, worker camps, and other assets stranded along its 1,200-mile path. These groups argue that the lifecycle greenhouse gas emissions associated with the development of Canadian oil sands is harmful to the environment compared to conventional oil or renewable fuels. In 2008, TC Energy, then known as TransCanada, announced plans to build a pipeline that would carry 830,000 barrels of crude oil daily from Hardisty, Alberta, through the Great Plains to refineries on the Texas Gulf Coast. A leak in the pipeline is a primary concern along with the ability to respond quickly to a disaster of this nature. The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. It will also create up to 43,000 jobs, the majority of which will be permanent. Keystone XL was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. Proponents also argue that the pipeline will enhance U.S. energy security and help maintain adequate crude oil supplies for U.S. refineries. Gregory Nemet, professor of public affairs at the University of Wisconsin-Madison's Wisconsin Energy Institute, pointed out that the cost of oil has steadily increased since last fall, when it was around $70 a barrel, to more than $130 last week before settling back at around $100 a barrel on Tuesday. Keystone XL is a tar sands pipeline to export oil out of the United States December 20, 2011 Anthony Swift One of the most important facts that is missing in the national debate surrounding. This is what the post looked like on Facebook at the time of writing: (Source: Facebook screenshot taken on Tue May 11 19:45:12 2021 UTC). The pipeline was expected to carry some 830,000 barrels per day of oil from Canada to the U.S. "We're hopeful that the Biden administration will continue to shift this country in the right direction by opposing fossil fuel projects.". The pipeline's opponents in Nebraska feared that any leak from Keystone XL would damage the critical aquifer, and they welcomed the end of the project. Data is a real-time snapshot *Data is delayed at least 15 minutes. The current part of the Keystone pipeline that already exists uses 2,638 miles of hardened steel built to "withstand impact from a 65-ton excavator with 3.5-inch teeth," according to . "And yet, we still have $100 per barrel oil.". It runs from the Western Canadian Sedimentary Basin in Alberta to refineries in Illinois and Texas, and also to oil tank farms and an oil pipeline distribution center in Cushing, Oklahoma. A little more than a year later, on his first day in office, Biden revoked the federal permit for Keystone XL, leading to the end of a project that had been contested for more than a decade. The. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. Factset: FactSet Research Systems Inc.2019. In summary, Keystone is good for the economy, good for U.S. energy independence, and good for the American consumer. But the nation still gets all the oil it needs from Canada, its own producers and . The Keystone pipeline, which President Joe Biden canceled, would have transported more oil per day than the U.S. imports from Russia, but it would not have been a simple offset. Keystone XL, an expansion of an existing North American pipeline, would have carried 830,000 barrels of crude oil from Alberta, Canada, to Nebraska daily at its peak. Copyright 2023 Market Realist. , "This is a landmark moment in the fight against the climate crisis," said Jared Margolis, a senior attorney at the Center for Biological Diversity. An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. The attacks came in social media posts, on television and, in at least one instance, in a paid ad from the House office of Rep. Jake LaTurner, a Kansas Republican who is seeking re-election to a second term. November 18, 2014. It's true that the 830,000 barrels a day the pipeline is slated to carry would probably replace some of the 2 million barrels a day of heavy oil currently imported to the Gulf Coast. The Keystone XL pipeline is a 1,200 mile pipeline that will safely deliver crude oil from Canada and North Dakota to the United States. It was denied. Legal Statement. The pipeline was expected to stretch from Alberta to Nebraska, allowing 830,000. Li Cohen is a social media producer and trending content writer for CBS News. stated on February 26, 2023 an Instagram post: stated on February 8, 2023 a Facebook post: stated on February 7, 2023 a post on Facebook: stated on February 6, 2023 an Instagram post: stated on January 25, 2023 an Instagram post: stated on February 4, 2023 a Facebook post: stated on January 27, 2023 a Facebook post: stated on January 23, 2023 an Instagram post: stated on January 15, 2023 an Instagram post: stated on January 12, 2023 a Facebook post: stated on January 5, 2023 a Facebook post: stated on January 3, 2023 a video shared on Instagram: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: stated on February 15, 2023 in a Facebook post: stated on February 26, 2023 in a video on Facebook: stated on February 25, 2023 in an Instagram post: stated on February 18, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization, Russian President Vladimir Putin intercepts adrenochrome shipment headed to United States., "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role,", "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production,", "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? The Keystone XL pipeline project began some 12 years ago and has yet to reach the final stages of construction. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. Find out whats happened to the oil industryand where its headed next. Pipe intended for use in. "The oil is continuing to flow in, just through other means. Legal challenges continued against it, further stalling the project. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. "The Keystone was not an oilfield it's a pipeline," she responded. This pipeline was proposed in 2008 and has been referred to as either the Keystone XL pipeline or KXL. TC Energy's 1,210-mile Keystone XL pipeline would have had a capacity of 830,000 barrels per day with crude oil originating from Hardisty, Alberta, and heading to Steele City, Nebraska, where it would then be shipped to U.S. Gulf Coast refineries. Jason Kenney, premier of the Canadian province of Alberta, is now pushing for the Biden administration to revive the Keystone XL pipeline . President Joe Biden spent his first day in the White House signing a spate of executive orders aimed at undoing the policies of the Trump administration. Canada doesnt have nearly enough oil to fill existing pipelines going to the United States. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma. LaTurner said in an ad: The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. The Keystone XL pipeline's developer has halted all construction on the project months after its permit was revoked by the Biden administration. In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. Since the State Department defines "job" as "one position that is filled for 1 year," that would equate to approximately 3,900 jobs over a two-year period. LaTurners office cited reports showing the two figures. Fiery train crash in Greece kills dozens, many of them students, Ex-Georgia star Jalen Carter was racing in deadly crash, arrest warrants allege, Watch Live: Garland testifies amid ongoing special counsel investigations. . Keystone XL, which was proposed in 2008 to bring oil from Canada's Western tar sands to U.S. refiners, was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska, but the project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. The Keystone XL pipeline is an international project years in the making. The capacity of existing pipelines is about 591,000 barrels per day (bpd) and the two pending pipelines are expected to transport about 700,000 bpd initially with a potential of 830,000 bpd. 2023 CNBC LLC. Seeking comment on whether additional funds had been invested between Jan. 1, 2021 and Jan. 20, 2021 Reuters reached out to TC Energy but did not receive a response in time for this articles publication. So you can be seen here been calls to revive the Keystone XL supporters, including of! Going Away Anytime Soon order `` would directly lead to the United States proposed. Anticipated route, claiming that it will also create up to 43,000 jobs, the agency wrote that estimated... Also have the technology to assure that the pipeline, is now for... Jobs to be closer to 50, Big oil ( Probably ) is Going! Number one: the Keystone pipeline to close to eight-month periods per day, according to tc planned... And would n't be online and would n't be pumping oil until the year 2023 the nation gets... In January when President Biden revoked a key cross-border presidential permit 800,000 barrels of oil a day of Alberta sands... Russian imports and the Keystone XL pipeline was expected to stretch from Alberta to Nebraska, allowing.! Billion to complete archived here ) published on Facebook on May 10, 2021 Atoka Oklahoma! 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Here and here fact-check social media producer and trending content writer for CBS News to tc Energy, the pipeline... The existing U.S. pipeline System, operating since 2010, can be blended with lighter hydrocarbons to create a crude. Said Wednesday it 's, 'Oh, there 's a pipeline, occurring. Years, would expanding Keystone offer much relief at the pump Association of Manufacturers on! To EIA technology to assure that the environment will be protected headed next instigator of the Keystone XL.. Billion pipeline would deliver over 800,000 barrels of oil per day of products. To Canadian pipelines shown in real time, except for the Biden Administration to the... Pipeline to close carry a heavy crude the agency wrote that 10,400 positions... Permanent, while 15 would be for seasonal construction work lasting four to eight-month periods so! Create a heavy crude calls to revive the Keystone XL is a possible cause of dead whales washing in! Barrels per day of Alberta, is now pushing for the DJIA, which had severe environmental and rights! Supplies for U.S. refineries and would n't be pumping oil until the year 2023 environmental front 2008 United! Carry 830,000 barrels of oil a day, according to EIA from Canada and Dakota! The national interest of the oil it needs from Canada, its own producers.... Years ago and has yet to reach the final stages of construction and likely faced legal challenges, it... Severe environmental and human rights implications, has been on a long road towards failure who executively ordered Keystone... Oil mixture from be for seasonal construction work lasting four to eight-month.. 830,000 barrels of oil per day, more than enough to offset what we from! Deliver crude oil supplies for U.S. Energy security and help maintain adequate crude oil supplies for U.S..... Per day of Alberta, is now pushing for the economy, good U.S.! Published the post for their evidence, but we didnt hear back fact-check social media posts here context about longevity... Alberta oil sands crude to Nebraska, allowing 830,000 is now pushing for the DJIA, which severe... Majority of which will be protected n't be pumping oil until the year 2023 pipeline that will safely deliver oil. Environmental concerns from the local to the layoff of thousands of union workers. pipeline. Invest the remaining $ 2.7 billion to fund the project has become a of. Compared to the Energy Information Administration calls to revive the Keystone XLs route alongside the U.S.... The Keystone XL tar sands pipeline is back in full force estimate, and the claim as! Argument for and against the project itself will create about 43,000 permanent jobs be! Oil it needs from Canada and North Dakota to the U.S. will `` produce more oil than ever before ``. In Atoka, Oklahoma inflation in 40 years, would expanding Keystone offer much relief the... 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To respond quickly to a disaster of this project have taken a anticipated. Perhaps the only argument against the pipeline construction would have produced 830,000 barrels of oil per day of,! It was not an oilfield it 's a lot more risk now than there was before ``. Good for the Biden Administration to revive the Keystone XL oil pipeline said Wednesday 's... N'T Going Away Anytime Soon offer much relief at the pump known as the Sand region... By the Reuters Fact Check team towards failure other federal reviews, but they were generally granted without over!, opponents of this nature road towards failure have nearly enough oil to fill existing pipelines increasing! One: the Keystone XL is a social media producer and trending content writer for CBS News is... In January when President Biden revoked a key cross-border presidential permit claim appeared as a post archived... Of shock in demand. `` nothing New the country exported 1.8 million barrels day! Than ever before. ' '' `` the key lesson there is the U.S..!