A proposed pipeline to transport oil from Canada to the U.S. is getting commitments from companies looking to move the energy through the infrastructure if it’s brought online. [some emphasis, links added]
Oil companies have committed to transporting 400,000 barrels of oil per day, which is approximately 72% of the pipeline’s initial capacity, according to Reuters.
Companies typically secure about 80% of the pipeline’s capacity before moving forward with construction.
The pipeline, which is a project by Canada’s South Bow Corp and its U.S. partner Bridger Pipeline, takes a different route than the Keystone XL Pipeline, which former President Joe Biden blocked in 2021.
President Donald Trump on Thursday signed an executive order granting the cross-border permit the project needed.
The Canadian portion of the project revives the section of the Keystone XL that was previously built but has been sitting idle.
On the American side, the pipeline would take a different route than the Keystone XL, running 645 miles through Montana to Gurensey, Wyoming.
The Wyoming town doesn’t connect the pipeline to an end market, and it would still need to be linked up with refining hubs in Oklahoma, Illinois, or the Gulf Coast.
Read more at Just The News
This is good news and gives the middle finger to that old fool Biden.
We don’t know what’s to come in the future, so having pipelines linking crude supplies to refining is wise.
the keystone XL pipeline extension was obviously not needed
and is still not needed
they don’t even have a customer for the
imported oil
And as a petroleum and pipeline expert you know that exactly how? Besides saying so!