Death By a Thousand Cuts Until Climate Scare Defeated
4 hours ago Guest Blogger
New article by Tom Harris at RealClearEnergy
Following the suspension of Russian oil imports to the U.S., the Biden administration has opened negotiations with Venezuela to try to secure the supply it needs to help lower prices. President Biden also attempted to discuss increasing oil imports from Saudi Arabia with Crown Prince Mohammed bin Salman, but the Saudi prince rejected his call, as did United Arab Emirates leader Sheikh Mohammed bin Zayed. Leading up to the 2022 mid-term elections, even Iran is now being considered by an increasingly desperate administration as a possible oil source.
Yet, the White House has insisted that it will not reconsider approving the Keystone XL (KXL) pipeline from America’s closet ally, Canada. Alberta Premier Jason Kenny is confident that the project could, even now, be completed by the first quarter of 2023, if Biden approved it. Kenny said,
“If President Biden had not vetoed that project, it would be done later this year – 840,000 barrels of democratic energy that could have displaced the 600,000 plus barrels of Russian conflict oil that’s filled with the blood of Ukrainians.”
The market response to having KXL about to come online would clearly contribute to a lessening of oil prices. There is no rational downside to the project.
https://wattsupwiththat.com/2022/04/06/death-by-a-thousand-cuts-until-climate-scare-defeated/
