Biden reportedly urging Canada to ship more oil to U.S., still refuses to reinstate Keystone XL Pipeline permit

President Joe Biden made a big deal of revoking the Keystone XL Pipeline permit on his first day in office, one of several moves to counter the pro-domestic energy production policies of his predecessor. That pipeline would have transported cheap Canadian oil to the U.S. for processing and refining.

Now, however, amid a global energy crisis partially of his own making, Biden is reportedly begging Canada for more oil and searching for ways to increase imports of Canadian crude, according to the Washington Examiner.

Discussions are said to include potential solutions like increasing rail shipments and even expanding the capacity of existing oil pipelines.

But one seemingly obvious solution is reportedly off the table completely and not up for debate — reviving the Keystone XL Pipeline project that Biden canceled just as it was nearing completion after many years of uncertainty.

Existing pipelines already full, transport by rail expensive and inefficient

The talks between the Biden administration and Canadian officials were first reported by The Wall Street Journal to be part of the president’s broader efforts to address the surging costs of oil and gasoline — a complex issue exacerbated by Biden’s hostile policies that generally discourage and hamper domestic energy production.

There is a rather substantial hurdle in the way of that rapprochement, though, as even while Canada is open to producing and selling more oil to the U.S., it simply doesn’t have the capabilities in place to do so in any significant measure at this point in time.

Canada’s existing oil pipeline system is already largely at or near capacity — hence the effort to construct the Keystone XL Pipeline to expand capacity greatly.

More oil could be shipped by rail, but only in relatively meager quantities and at sharply steeper prices, making that effort at increasing supply and lowering prices a worthless one.

As for the Keystone XL Pipeline being off the table in the discussions, the short-sighted Biden administration — likely reluctant to acknowledge its own consequentially mistaken policies — disingenuously argued that reviving that shuttered project would nothing in the immediate term to impact oil and gas prices.

An unnamed White House spokesperson told the Journal, “While the U.S. continues to engage with a variety of producing countries to address the current supply imbalance we are seeing, the Keystone XL pipeline would have done little to nothing in addressing that supply.”

Canada wants Keystone XL cancelation reconsidered

Meanwhile, the industry website OilPrice.com reported that had Biden not revoked the Keystone XL permit and allowed it to finish construction and go fully online, it could already be transporting more than 800,000 barrels per day of crude oil from Alberta to refineries in America.

Further, Canada has reportedly urged the Biden administration to reconsider that costly cancelation and been outspoken in chiding the ludicrous and, thankfully, futile and misguided efforts of Biden’s team to ask rival nations like Iran and Venezuela to increase oil production to ease shortages and reduce the high prices U.S. consumers are paying.

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