Canceling energy: the Keystone XL pipeline. Biden’s executive order to cancel the Keystone XL pipeline is little more than virtue signaling to the environmentalists who supported him.
The cancelation won’t stop the oil from being transported to refineries and sold. It will just have to be diverted to other places, and possibly transported by less-safe and more-expensive methods, such as by rail.
The Keystone pipeline has been up and running for more than a decade, transporting about 550,000 barrels a day of the exact same heavy crude oil from Alberta, Canada, to the United States for refining and sale.
The Keystone XL, which is the fourth phase of the Keystone pipeline project, is simply an additional line that would take the same Canadian crude, plus oil produced in Montana, to the Keystone hub in Sterling, Nebraska.