https://www.nrdc.org/stories/real-reasons-high-oil-an
In the wake of the devastating Russian invasion of Ukraine, U.S. gas prices soared, averaging $4.25 a gallon. Now fossil fuel companies and their political allies have seized the opportunity to suggest that additional fossil fuel investment is the solution. Their arguments are rife with misinformation. This is calculated, of course, meant to pad the industry’s pockets and lock more generations into fossil fuel dependence. That would, in turn, further delay the clean energy future necessary to achieve real energy independence. Here are some of the myths to look out for and the facts that refute them.
Fact-check: We can safely say the Biden administration’s decision to cancel the permit for the Keystone XL pipeline (KXL), an extension of the fully operational Keystone Pipeline System, had no impact on current oil prices.
Yes, allies of the oil and gas industry—from Fox News hosts to former vice president Mike Pence—are claiming that the pipeline would have buffered Americans from high gas prices and reduced U.S. reliance on Russian oil. That’s false on multiple levels.
First, it would have taken years for KXL to be fully operational, so its increased supply would have no bearing on current gas prices. Second, the 830,000 barrels of tar sands oil it would have carried daily were intended to head directly to refineries on the Gulf Coast—and then likely to markets overseas.
So let me get this straight. The price of oil and gas is up because the supply is tight and the solution is NOT to increase the supply.
ReplyDeleteThe lie is that KXL wasn't almost ready to go. By now it would've been up and running. Combine that with the pipelines Canada never build because ecofascist nuts blocked them and there would be an increased supply.