Energy Tomorrow Blog
Posted April 2, 2020
TC Energy’s announcement that it will proceed with building the Keystone XL crude oil pipeline is a big deal in terms of vital energy for America, jobs, economic growth and North American security. The 1,210-mile pipeline – able to safely deliver 830,000 barrels per day from Canada’s oil sands region in Alberta to the U.S. heartland – figures to be a significant, long-awaited progress toward helping secure this country’s future energy needs.
I say “long-awaited” because my first API writing assignment was about the KXL – nearly nine years ago!
Over that time the pipeline became a political football – a debate in which the basic facts were mostly incontestable: thousands of good jobs during KXL’s construction, tens of millions of dollars in property and income tax revenues to different levels of government and no significant effect on the climate or environment, according to the U.S. State Department, which conducted six comprehensive scientific reviews.
Posted November 20, 2017
Posted October 11, 2017
Posted August 8, 2017
Posted March 24, 2017
Posted February 17, 2017
The Keystone XL pipeline is on again. A new president with a different view of America’s energy and infrastructure needs has the project advancing again. Late last month pipeline builder TransCanada submitted a new application for a cross-border permit with the U.S. State Department. This week the company applied for route approval in Nebraska – a key step for a project that will bring hundreds of thousands of barrels of oil daily from Canada and the Bakken region in North Dakota to Gulf Coast refineries.
Posted January 24, 2017
President Trump’s executive orders clearing the way to restart the Keystone XL and Dakota Access pipelines are welcome indeed. Both projects represent great opportunity for U.S. jobs, consumer benefits, economic growth and strengthened energy security. At the same time, the significance of the White House’s action goes beyond a pair of important energy projects. It’s a signal that long-needed energy infrastructure will once again be able to advance in this country – under regular-order reviews and approval processes – providing broad benefits to millions of Americans.
Posted January 8, 2016
The United States is overdue for a fact-based conversation about energy infrastructure. The needs are great. IHS estimates that needed energy infrastructure through the middle of the next decade could spur $1.15 trillion in private capital investment and support more than 1 million jobs. But there are roadblocks.
The long fight over the Keystone XL pipeline has anti-progress, anti-fossil fuel advocates targeting other needed projects. During his State of American Energy 2016 remarks this week, API President and CEO Jack Gerard warned that ideological opposition to infrastructure will hurt the United States:
“The demonization of the Keystone XL pipeline remains a powerful cautionary tale of the dangers of energy policy driven by ideology rather than economic reality and has a chilling effect on expansion efforts for our nation’s energy infrastructure. That’s not just bad national energy policy. It is also bad news for our nation’s economy.”
Thus the need for a rational conversation about the country’s infrastructure needs that’s based on fact. Such as: America’s more than 199,000 miles of liquid pipelines deliver about 16 billion barrels of crude oil and petroleum products a year, with a safety rate of 99.999 percent. And another: Industry keeps working toward a goal of zero incidents by continually improving safety in the infrastructure sector.
Posted December 29, 2015
2015 ends on a high note for U.S. energy policy as Congress voted to repeal the obsolete, ‘70s-era ban on crude exports. Dozens of studies agree that lifting the restrictions will put downward pressure on gas prices, reduce the trade deficit, and provide a boost to economic growth and U.S. energy production.
Throughout the year, our status as the world’s leading producer of oil and natural gas continued to provide savings to American families and businesses while significantly enhancing our energy security. A review of the year’s energy developments shows how the American energy renaissance is paying off for consumers while also demonstrating that policymakers have some work to do in 2016.
Posted November 12, 2015
Another postscript to the president’s unfortunate and shortsighted rejection of the Keystone XL pipeline last week: The U.S. Energy Information Administration reports that as total U.S. crude oil imports decline, Canada’s share of the imports total is rising.
The data shows that in August 1995 the U.S. imported a total of 7.43 million barrels per day (bb/d), including a little over 1 million bb/d from Canada, about 13 percent of the total. In August this year U.S. oil imports were 7.63 million bb/d (down from a high of 10.7 million bb/d in June 2005), including 3.4 million bb/d from Canada, about 45 percent of the total. (At the same time imports from Venezuela, which produces a heavy crude similar to oil sands crude, have declined from 1.29 million bb/d in 2004 to 849,000 bb/d in August – no doubt, a result of increasing supply from Canada.)
What we see here is a snapshot of the strategically important growth in the United States’ energy partnership with Canada. Our neighbor and ally is our No. 1 source of imported oil – almost three times larger than imports from Persian Gulf countries.