Biden Shuts Down Keystone Pipeline, Removes Sanctions From Nord Stream 2, Then Imports Tons of Oil From Russia
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To be fair, Biden is not just importing oil from Russia, he is importing oil from Iran also. But the bigger question might be what are the cuts for Hunter and The Big Guy? Someone is benefiting from all of this at the expense of Americans. Might as well go with the most likely ones first. Under Trump, this country reached energy independence for the first time, and under Biden, it has gone to hell in a handbasket.
One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.
U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.
“[Keystone XL] was a missed opportunity to increase North American energy security, lower costs for American consumers and reduce dependence on foreign energy sources that are hostile to U.S. interests,” says Frank Macchiarola, senior vice-president with the American Petroleum Institute.
Renewable energy in the U.S. is growing, and demand for oil continues to surge.
Consumption in 2023 is expected to reach 17.2 million barrels per day, higher than before the COVID-19 pandemic, according to the U.S. Energy Information Administration.
Before President Biden’s cancellation in January 2021, Canadian oil producers remained committed to Keystone XL despite waiting nearly 12 years for the project to go ahead.
In 2018, a decade after the first regulatory application, Keystone XL had 20-year shipping commitments for about 60 per cent of its capacity. In 2020, that increased to nearly 70 per cent.
The U.S. Gulf Coast is the world’s largest processing region for what is known as “heavy oil,” and Alberta is the world’s largest heavy oil producer.
“Keystone XL was probably one of the largest pipeline projects proposed that would have tied Canadian supply to the U.S. Gulf coast as a bullet train express,” says Kevin Birn, chief analyst, Canadian crude oil markets with consultancy IHS Markit.
The most recent data from the U.S. Energy Information Administration shows that in May, 844,000 barrels of oil were imported from Russia. This makes Biden the real Putin puppet. Was it for profit or for blackmail? We may never know, but we do know it was not done for the American pvoting.