who would benefit from keystone pipeline

Companies that are in the pipeline construction and supply business will benefit when the Keystone pipeline is built. Construction equipment manufacturer and distributor Deere & Co. (NYSE

: DE) is expected to benefit from the pipeline, as will the privately held engineering and construction management company Bechtel.

Full Answer

What would be the dangers of the Keystone Pipeline?

The Keystone XL pipeline would carry 900,000 barrels of dirty tar sands oil into the United States daily. The water used to extract the oil from the tar sands becomes a danger to people, animals, and the surrounding land. The process produces toxic by-products including bitumen, from sand, silt, and clay.

What will be the effects of the Keystone Pipeline?

Ultimately, construction of the Keystone XL Pipeline could have detrimental effects on the environment, such as the destruction of ecosystems, the loss of habitats, and the pollution of nearby rivers. But proponents of the pipeline state that the economic benefits the construction process can have on the economy is much needed.

What are facts about Keystone Pipeline?

Quick Facts

• Keystone XL 329 miles (529 km) in Canada (Hardisty, Alta., to Monchy, Sask.)
• 840 miles (1,351 km) in the United States (Phillips County, Mont. to Steele City, Neb.)
• 36-inch diameter pipeline Capacity of 830,000 barrels per day

What is going on with the Keystone Pipeline?

Studies have linked leaks from oil sands pipelines like Keystone XL to significant degradation of nearby land and water resources. A major concern is tailings ponds, the product of toxic waste from mining in the tar sands that can sicken communities and wildlife that depend on the land to survive.

What is the benefit of the Keystone pipeline?

The Keystone XL Pipeline will contribute to energy security, create tens of thousands of high-quality employment and local contracting opportunities as well as provide a substantial economic benefit to local communities across Canada and the United States.

Who does the Keystone pipeline supply?

US crude oilThe Keystone Pipeline System plays a key role in delivering Canadian and US crude oil supplies to markets around North America. It stretches 4,324 km (2,687 miles) from Alberta to refineries in Illinois, Oklahoma and the US Gulf Coast.

What harm does the Keystone pipeline do?

Ultimately, construction of the Keystone XL Pipeline could have detrimental effects on the environment, such as the destruction of ecosystems, the loss of habitats, and the pollution of nearby rivers.

Does the U.S. need the Keystone pipeline?

Ramped up domestic oil production and alternative supply routes have lessened the U.S.'s need for the hundreds of thousands of barrels of oil that would have been pumped daily through the now-cancelled Keystone XL pipeline, some industry experts say.

Where would the oil from the Keystone pipeline go?

It would enter the United States at Morgan, Montana, and travel through Baker, Montana, where American-produced oil would be added to the pipeline; then it would travel through South Dakota and Nebraska, where it would join the existing Keystone pipelines at Steele City, Nebraska.

Who shut down the Keystone pipeline?

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.

What are two big concerns about the Keystone pipeline?

Building the Keystone pipeline and opening up the Tar Sands will negatively impact national and local economies: Burning the recoverable tar sands oil will increase the earth's temperature by a minimum of 2 degree Celsius, which NYU Law School's Environmental Law Center estimates could permanently cut the US GDP by 2.5 ...

What was the intent of the Keystone pipeline?

The Keystone XL pipeline extension, proposed by TC Energy (then TransCanada) in 2008, was initially designed to transport the planet's dirtiest fossil fuel, tar sands oil, to market—and fast.

Why is the Keystone pipeline bad for climate change?

In 2015, the Environmental Protection Agency calculated that the energy required to process tar sands oil and transport it through Keystone XL would generate 1.3 billion more tons of greenhouse gas emissions over the pipeline's 50-year lifespan than if it were carrying conventional crude.

What happened to the Keystone pipeline?

"The Keystone XL pipeline project was terminated in June 2021 and will not proceed," TC Energy said in an email. "TC Energy has now disposed of almost all of its project-related assets in South Dakota," the Canadian company said in a new report that lists the steps it's taken to exit the state.

How much oil does the US import from Canada?

How much petroleum does the United States import and export?Import sourcesGross importsNet importsCanada4.34 (51%)3.50Mexico0.71 (8%)-0.45Russia0.67 (8%)0.67Saudi Arabia0.43 (5%)0.426 more rows•Mar 9, 2022

How much of our oil comes from the Middle East?

Although the Middle East produces a quarter of world oil supplies, it holds between two-thirds and three-quarters of all known oil reserves. For that reason the United States and the West have continued to define the region as being vitally important.

Why is Keystone XL bad?

The pipeline passes through an active earthquake zone. One bad spill could permanently poison the Ogallala Aquifer, which provides drinking water to millions of people, and 30 percent of our irrigation.

Is Keystone pipeline good?

Here is another reason, perhaps the best reason of all: It doesn't do us any good. China, yes. The Koch Brothers (who own the refining capacity that would be used), yes. Us, no.

Does the pipeline pass through earthquake zones?

The pipeline passes through an active earthquake zone. One bad spill could permanently poison the Ogallala Aquifer, which provides drinking water to millions of people, and 30 percent of our irrigation. Here is another reason, perhaps the best reason of all: It doesn’t do us any good. China, yes.

What is Keystone XL pipeline?

Keystone XL is an expansion of an existing pipeline, called Keystone, that carries Canadian crude into the U.S. It was first proposed in July 2008 by TC Energy Corp. , then known as TransCanada Corp., a pipeline company based in Calgary, Alberta, and ConocoPhillips , which was a joint owner until 2009.

How many leaks have occurred in the Keystone pipeline?

Environment: So here is the truth. Oil pipelines LEAK. Take for example the brand new Keystone (phase 1,2,3) pipeline built in 2014. It has had 4 leaks between 2016 and 2019. One of those leaks was 408,000 gallons. Yikes! Keystone Pipeline - Wikipedia

Why is Canada so good at pipelines?

Canada benefits as there is less danger of spills with the pipeline than filling thousands of rail tankers daily…Plus the costs for transport are again reduced with a constant flow rather than being dependent on the rails and trains…

What would happen if the German pipeline broke?

If the German pipeline breaks and leaks oil all over Russia, it won’t contaminate the American water supply. Biden is President of the United States. It’s his job to protect the United States from threats. And the XL pipeline posed a foreseeable threat.

How did the pumping industry help the US?

There was a large manufacturing base, as well as construction workers, many union positions that were involved in the construction. The increase in oil to the refinerys aided the US to be energy independent.

How safe was the oil pipeline?

Everyone. The pipeline is the safest method to transport the oil in question. It was being constructed in a manner to be as “green “ as practicable. The pumps were solar or wind powered. This would grow that industry as well as carbon fuels. There was a large manufacturing base, as well as construction workers, many union positions that were involved in the construction. The increase in oil to the refinerys aided the US to be energy independent. This means the state department had more leverage in dealing with oil producing countries many run by dictators or undemocratic, in coming to agreements. This permotes peace.

What is the green line on the oil pipeline?

Here is a map of the Oil Pipelines in the US and CA. The green dotted line is the proposed XL pipeline. (Keystone Phase 4)

How much money will the Keystone pipeline contribute to the US economy?

It is believed that the Keystone XL pipeline has the potential to contribute more than $3 billion annually to the US economy once it become operational. It would also create an estimated $2.4 billion (in US dollars) for Canada, which would be split between the government, shareholders, and company reinvestments.

How many jobs will the Keystone pipeline create?

The US State Department has estimated that the construction of the pipeline project could create up to 42,000 jobs over a two-year construction period.

How to remove bitumen from the ground?

According to the New York Times, one method includes using water and natural gas to pump steam into the tar sands , which creates the potential for a toxic runoff. Strip mining is the other option. 2.

How many barrels of oil are in the Keystone pipeline?

The Keystone XL pipeline is a delivery system that is designed to carry over 800,000 barrels of oil sands petroleum per day from Western Canada to oil refineries along the Gulf Coast of the United States. Around half of the pipeline has already been completed, but its construction has always been opposed by various environmentalist groups.

What would happen if Keystone XL went active?

In practical terms: if Keystone XL goes active, it would be the equivalent of adding 5.6 million cars to US roadways every day. 6. Tar sands oil has the potential to be highly corrosive. The oil that will be piped through the Keystone XL extension is some of the most corrosive petroleum that is used today.

Why can Canadian producers raise prices with Keystone?

With Keystone, Canadian producers can raise prices because the quality of the petroleum will be better while they are able to cut into their overhead costs at the same time. 6. The amount of emissions added to the atmosphere from Keystone XL are negligible.

Is the Dakota Access Pipeline related to the Keystone pipeline?

The issues from DAPL are often associated with Keystone XL. The protests from the Dakota Access Pipeline are often associated with the Keystone pipeline. Although the two projects are somewhat similar in what they hope to accomplish, the environmental concerns are slightly different for Keystone.

How many times has the Keystone pipeline leaked?

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 of tar sands oil spewing into the air.

How much oil would be transported by Keystone XL?

To be precise, it would transport 830,000 barrels of Alber ta tar sands oil per day to refineries on the Gulf Coast of Texas. Some 3 million miles of oil and gas pipelines already run through our country. But Keystone XL wouldn’t be your average pipeline, and tar sand oil isn’t your average crude.

What Is Keystone XL?

The Keystone XL pipeline extension, proposed by TC Energy (then TransCanada) in 2008, was initially designed to transport the planet’s dirtiest fossil fuel, tar sands oil, to market —and fast. As an expansion of the company’s existing Keystone Pipeline System, which has been operating since 2010 (and continues to send Canadian tar sands crude oil from Alberta to various processing hubs in the middle of the United States), the pipeline promised to dramatically increase capacity to process the 168 billion barrels of crude oil locked up under Canada’s boreal forest. It was expected to transport 830,000 barrels of Alberta tar sands oil per day to refineries on the Gulf Coast of Texas.

What would happen if Keystone XL was fully realized?

A fully realized Keystone XL would lead to more mining of that “nasty stuff” by accelerating the pace at which it’s produced and transported. (Indeed, Keystone XL was viewed as a necessary ingredient in the oil industry’s plans to triple tar sands production by 2030.)

How many jobs will KXL create?

When TC Energy said the pipeline would create nearly 119,000 jobs, a State Department report instead concluded the project would require fewer than 2,000 two-year construction jobs and that the number of full-time, permanent jobs would hover around 35 after construction.

Why is Keystone XL being opposed?

Opposition to Keystone XL centers on the devastating environmental consequences of the project. The pipeline has faced years of sustained protests from environmental activists and organizations; Indigenous communities; religious leaders; and the farmers, ranchers, and business owners along its proposed route. One such protest, a historic act of civil disobedience outside the White House in August 2011, resulted in the arrest of more than 1,200 demonstrators. More than 90 leading scientists and economists have opposed the project, in addition to unions and world leaders such as the Dalai Lama, Archbishop Desmond Tutu, and former president Jimmy Carter (together, these and other Nobel laureates have written letters against the project). In 2014, more than two million comments urging a rejection of the pipeline were submitted to the State Department during a 30-day public comment period.

When will Keystone XL be cancelled?

January 20, 2021 Melissa Denchak. UPDATE: June 9, 2021: TC Energy announced that it is canceling the controversial Keystone XL tar sands pipeline, putting an end to a fossil fuel project that endangered waterways, communities, and the climate, which President Biden denied a key permit for on his first day in office.

Why would Canadian oil producers choose Keystone XL?

Why Canadian crude oil producers would choose Keystone XL when other pipelines to the US are running well below capacity has much to do with diversifying away from the US market to more lucrative markets in Europe, China, and other Asian countries, Verleger and others argue. Trends seem to support this thesis.

How will the Whitfield pipeline help the price of gasoline?

In an e-mailed statement, Whitfield's press secretary adds that the pipeline “will help lower the price of gasoline by bringing more oil supply to the market ” and says the Department of Energy “specifically states that gasoline prices in all connected markets would go down.”

Why do environmentalists oppose the pipeline?

But others, including environmentalists who oppose the pipeline mainly because extracting oil from tar sands releases more greenhouse gases than other methods of harvesting oil, also argue the pipeline will do little or nothing to boost US energy security and will actually lead to higher oil prices in the Midwest.

How much oil would Keystone XL move?

According to this premise, Keystone XL would move up to 830,000 barrels of Canadian crude south each day, boosting economic activity by billions of dollars and creating thousands of new jobs – though their precise number is hotly disputed.

How long does it take to approve the pipeline?

That bill would strip the president of authority to block the project and give the Federal Energy Regulatory Commission 30 days to approve the pipeline. But most of the heated partisan rhetoric over job creation and gasoline prices glosses over ...

How much did farmers spend on fuel in 2009?

US farmers who spent $12.4 billion on fuel in 2009 could see those costs rise to $15 billion or higher if the pipeline goes through, he projects. At least $500 million of the added cost “would come from the Canadian market manipulation,” he wrote.

Did Obama deny the Keystone pipeline?

Yet in January, Mr. Obama, under pressure by Republicans, reiterated his previous decision to deny permission to build the Keystone XL– at least for now. The pipeline “would not serve the national interest at this time,” Dr. Kerri-Ann Jones, an assistant secretary of State, subsequently told the House subcommittee on Energy and Power, citing “unresolved concerns” including energy security, economic effects and environmental impacts.

How many branches are there to the Keystone pipeline?

There is a main trunk line and eight branches to it. In comparison, the Keystone XL pipeline that generates controversy because of its placement is planned to be 1,897 kilometers upon completion. It would transport up to 830,000 barrels of oil each day for processing.

Why are pipelines important?

Pipelines are useful in the transmission of liquid items from one location to another. You have this technology in your home because a pipe drain takes sewage away from your property to the wastewater treatment plant. Fresh water supplies are available at your faucet because a pipe brings water to your property – even if you have a well drilled to access this resource. We also use pipelines to move energy products, such as crude oil, in as efficient a manner as possible.

How many barrels of oil were released from the pipeline in 2011?

The number of crude oil releases from pipelines that were greater than 500 barrels is down by 32% since 2011. Most of the incidents that do occur don’t impact the general public either, with 71% of reported incidents wholly contained with the operation facility where it occurred.

How are pipeline operators prepared for an incident?

Pipeline operators are also prepared for the unlikely event of an incident by using control room tech that can stop the flow of liquids instantly. There are emergency response plans, resource deployment procedures, and frequent communication with first responders to ensure that any adverse impact is limited.

How long is the West East pipeline?

The global oil and gas energy have some of the longest ones operating that have ever been created. The West-East Gas Pipeline stretches for over 8,700 kilometers, with PetroChina owning a 72% interest in the project. There is a main trunk line and eight branches to it.

Why is environmental impact important?

The issue of environmental impact must be taken into consideration because it has the power to reduce the GDP of the United States by 2% each year. The economic gains from this technology must outweigh the losses we experience in other areas.

Why are fines and other forms of responsibility important?

Fines and other forms of responsibility can help to repair the damage that happens, but it may not resolve the environmental issues that occur. That’s why we must tread carefully when approving and installing new projects.

Why is the Keystone pipeline important?

The Keystone XL pipeline was designed to transport oil to the Gulf Coast because refineries in the region are already equipped to process heavier crude oils, like those found in Canada’s Alberta province. The same kind of crude oil comes to the region from Latin America. If the pipeline transfers as much crude oil to the Gulf Coast as ...

Where does Keystone XL pipeline go?

What gets exported. The Keystone XL pipeline will transport crude oil from Alberta, Canada to Nebraska. The oil will then flow through another pipeline to Gulf Coast refineries, where it will be refined into petroleum products like gasoline.

Does Keystone XL have oil?

The Keystone XL pipeline "doesn’t even have any oil for America.". The Keystone Steele City pumping station in Nebraska. The Keystone XL pipeline is supposed to connect to the station / Credit: Associated Press, 2015.

Does the Gillibrand pipeline affect gas prices?

The U.S. State Department did not respond to most of Gillibrand’s claim but did comment on how the pipeline could affect gas prices. "As the final Supplemental Environmental Impact Statement makes clear, gas prices throughout the United States are primarily driven by global market factors," a spokesperson said.

Who is building the TransCanada pipeline?

TransCanada, the company building the pipeline, confirmed in an email that the pipeline was designed to reach refineries in the Gulf Coast region.

Will all the oil from the Keystone XL pipeline be exported?

President Trump’s approval of the Keystone XL pipeline brought protests from opponents who say it will not benefit the U.S.