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Just as oil and gas companies have expressed concern about the ability to move oil and gas from new production fields to the market due to insufficient capacity in intermediate pipelines, a federal judge from Montana may have added to these concerns.
Named by President Barack Obama, Judge Brian Morris said Thursday that the federal government has only welcomed the impact of Keystone XL on climate change, saying the federal government's badysis was "insufficient".
TransCanada's Pipeline Headquarters in Calgary on November 29, 2017. TransCanada has recently obtained Nebraska State approval for its Keystone XL Pipeline.Getty
TransCanada's Keystone pipeline system includes the original Keystone Pipeline, commissioned in 2010 and carrying 860,000 barrels of oil per day over a distance of 2,147 miles from Hardisty, Alberta to Steel City ( Nebraska) and refineries in southern Illinois. . The line was extended southward to Cushing, Oklahoma, a year later, allowing for greater distribution of crude oil. In 2014, the original Keystone Pipeline was extended to include refineries on the Gulf Coast of Texas.
A look back
While the original Keystone pipeline was commissioned with little notice, a second line, dubbed "Keystone XL", became the poster for fossil fuel advocates. Originally proposed in 2008, this pipeline has already been the subject of a more in-depth review than any other pipeline project in US history. In 2010, the Environmental Protection Agency said that the environmental review of the proposed pipeline was inadequate. In 2011, the final badessment indicated that the pipeline would pose "no significant problems [environmental] impacts ". Later in 2011, the State Department postponed a final decision stating that additional information regarding alternative routes should be studied. The State Department remains responsible for coordinating cross-border transportation projects, under a decree signed by President George W. Bush, which has been ironic for speeding up cross-border decisions.
In response to the Republican Congress's demands that President Obama approve of the project's rejection, President Obama refused in January 2012, stating that more time was needed. Barely three months later, Obama approved the southern half of the project linking Oklahoma to Texas. Known as the Gulf Coast Expansion, the southern half of Keystone XL was commissioned in early 2014.
In the following January, the US House voted between 266 and 153 for the pipeline, and the same day, the Nebraska Supreme Court paved the way for construction after two years of lawsuits. By the end of 2015, however, Secretary of State John Kerry had stated that the project was not in the public interest, although the decision did not specify the results of that decision. Three days later, the Obama administration officially rejected the pipeline. Widely regarded as a partisan affair, the pipeline has become a rallying cry for Democrats and Republicans, albeit for different reasons. During his election campaign, presidential candidate Donald Trump promised to immediately approve the candidacy when he was elected. On March 24, 2017, President Trump signed a presidential permit to advance the project.
decision
Judge Morris' decision in the lawsuit after President Trump's license will cause further delays in the project, which is already several years behind schedule, and billions of dollars more for a pipeline originally designed to add 500 000 barrels a day to the national capacity. markets. In contrast, the United States used about 19.69 million barrels of oil per day in 2016 and this number increased slightly in 2017, reaching 19.88 million barrels per day, according to the Ministry of Energy. Energy.
Next steps
Morris J. also found that the badysis did not examine the effects of current oil prices and did not fully take into account the risk of oil spills. While being studied more than any other project, TransCanada must feel like Bill Murry of Groundhog Day, a 1993 film in which the character of Murry relived the same day, again and again.
Although potentially overturned by an over-arching judicial decision, TransCanada's and the Trump administration's actions have certainly become more problematic, as any appeal of the judge's decision would go beyond the scheduled date.thCircuit Court of Appeals in San Francisco, California, a court deemed more liberal than most others.
Used as a political football for more than a decade, the frustration of badysts was obvious, Zachary Rogers, research badyst for refining and oil markets at Wood Mackenzie, summarized the current controversy in these terms:It is the longest tug of war in the world, with Western Canadian oil prices like rope. Although this is a significant delay in terms of timing, it is unlikely to be the highlight of the Keystone XL coffin. "
Although Keystone XL remains on the ice, oil will still be on the market, with rail capacity remaining largely sufficient for oil transportation after the opening of the rail terminals and the addition of rail fleets for crude oil management have been made necessary, while the Dakota Access Pipeline was made necessary. has been delayed by similar protests. Now open, these badets are now available to transport Canadian crude oil, but only if oil prices are high enough to make the additional costs of rail transportation competitive.
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Just as oil and gas companies have expressed concern about the ability to move oil and gas from new production fields to the market due to insufficient capacity in intermediate pipelines, a federal judge from Montana may have added to these concerns.
Named by President Barack Obama, Judge Brian Morris said Thursday that the federal government has only welcomed the impact of Keystone XL on climate change, saying the federal government's badysis was "insufficient".
TransCanada's Pipeline Headquarters in Calgary on November 29, 2017. TransCanada has recently obtained Nebraska State approval for its Keystone XL Pipeline.Getty
TransCanada's Keystone pipeline system includes the original Keystone Pipeline, commissioned in 2010 and carrying 860,000 barrels of oil per day over a distance of 2,147 miles from Hardisty, Alberta to Steel City ( Nebraska) and refineries in southern Illinois. . The line was extended southward to Cushing, Oklahoma, a year later, allowing for greater distribution of crude oil. In 2014, the original Keystone Pipeline was extended to include refineries on the Gulf Coast of Texas.
A look back
While the original Keystone pipeline was commissioned with little notice, a second line, dubbed "Keystone XL", became the poster for fossil fuel advocates. Originally proposed in 2008, this pipeline has already been the subject of a more in-depth review than any other pipeline project in US history. In 2010, the Environmental Protection Agency said that the environmental review of the proposed pipeline was inadequate. In 2011, the final badessment indicated that the pipeline would pose "no significant problems [environmental] impacts ". Later in 2011, the State Department postponed a final decision stating that additional information regarding alternative routes should be studied. The State Department remains responsible for coordinating cross-border transportation projects, under a decree signed by President George W. Bush, which has been ironic for speeding up cross-border decisions.
In response to the Republican Congress's demands that President Obama approve of the project's rejection, President Obama refused in January 2012, stating that more time was needed. Barely three months later, Obama approved the southern half of the project linking Oklahoma to Texas. Known as the Gulf Coast Expansion, the southern half of Keystone XL was commissioned in early 2014.
In the following January, the US House voted between 266 and 153 for the pipeline, and the same day, the Nebraska Supreme Court paved the way for construction after two years of lawsuits. By the end of 2015, however, Secretary of State John Kerry had stated that the project was not in the public interest, although the decision did not specify the results of that decision. Three days later, the Obama administration officially rejected the pipeline. Widely regarded as a partisan affair, the pipeline has become a rallying cry for Democrats and Republicans, albeit for different reasons. During his election campaign, presidential candidate Donald Trump promised to immediately approve the candidacy when he was elected. On March 24, 2017, President Trump signed a presidential permit to advance the project.
decision
Judge Morris' decision in the lawsuit after President Trump's license will cause further delays in the project, which is already several years behind schedule, and billions of dollars more for a pipeline originally designed to add 500 000 barrels a day to the national capacity. markets. In contrast, the United States used about 19.69 million barrels of oil per day in 2016 and this number increased slightly in 2017, reaching 19.88 million barrels per day, according to the Ministry of Energy. Energy.
Next steps
Morris J. also found that the badysis did not examine the effects of current oil prices and did not fully take into account the risk of oil spills. While being studied more than any other project, TransCanada must feel like Bill Murry of Groundhog Day, a 1993 film in which the character of Murry relived the same day, again and again.
Although potentially overturned by an over-arching judicial decision, TransCanada's and the Trump administration's actions have certainly become more problematic, as any appeal of the judge's decision would go beyond the scheduled date.thCircuit Court of Appeals in San Francisco, California, a court deemed more liberal than most others.
Used as a political football for more than a decade, the frustration of badysts was obvious, Zachary Rogers, research badyst for refining and oil markets at Wood Mackenzie, summarized the current controversy in these terms:It is the longest tug of war in the world, with Western Canadian oil prices like rope. Although this is a significant delay in terms of timing, it is unlikely to be the highlight of the Keystone XL coffin. "
Although Keystone XL remains on the ice, oil will still be on the market, with rail capacity remaining largely sufficient for oil transportation after the opening of the rail terminals and the addition of rail fleets for crude oil management have been made necessary, while the Dakota Access Pipeline was made necessary. has been delayed by similar protests. Now open, these badets are now available to transport Canadian crude oil, but only if oil prices are high enough to make the additional costs of rail transportation competitive.
