President Donald Trump wants the Keystone XL pipeline built, he said in a post on his social network Truth Social.
“Our Country’s doing really well, and today, I was just thinking, that the company building the Keystone XL Pipeline that was viciously jettisoned by the incompetent Biden Administration should come back to America, and get it built — NOW!” Trump wrote.
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“I know they were treated very badly by Sleepy Joe Biden, but the Trump Administration is very different — Easy approvals, almost immediate start! If not them, perhaps another Pipeline Company. We want the Keystone XL Pipeline built!” the U.S. president said.
Keystone XL is a 1,200-mile pipeline project, developed by TC Energy, which was supposed to carry some 800,000 bpd of Canadian heavy crude to U.S. refineries. It was axed by President Je Biden, however, as unnecessary for a country that was moving away from oil. As proponents of the project have noted repeatedly in the past few years, though, the demand for these Canadian barrels did not die with Keystone XL. Canadian exports of heavy crude to the U.S. have remained high, and breaking records. Only the means of transporting them have changed from pipelines to oil trains.
A poll conducted in 2022 showed that most Americans had come to support a resurrection of the Keystone XL, after the U.S. banned imports of Russian energy amid the war in the Ukraine. A total of 71 percent of Americans “favor very much” or “favor somewhat” U.S. President Joe Biden issuing an executive order to restart the construction of Keystone XL, according to an exclusive poll of Americans conducted by Maru Public Opinion for Postmedia in March 2022.
Last November, the media reported that President Trump was considering the resurrection of the Keystone XL. That might be challenging, however, because following Biden’s cancelation of the project, TC Energy dug up all the pipes it had laid and essentially wrote off the project. Any resurrection would require work to start from scratch.
By Irina Slav for Oilprice.com#
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