Sometimes It Takes A While For The Facts To Get Out

On Sunday, Breitbart reported the following:

President Joe Biden’s Energy Department quietly published a congressionally mandated report in December showing the president revoking the Keystone XL Pipeline federal permits cost thousands of jobs and billions of dollars.

The report — Keystone XL Extension Permit Revocation: Energy Costs and Job Impactsbrought attention to the positive economic benefits the Keystone XL Pipeline could have had if Biden did not revoke the federal permits for it hours after being sworn into office.

…Energy’s report indicated the Keystone XL project would have created between 16,149 and 59,468 jobs annually for a two-year period, which is up from a 2014 report sponsored by the department that showed it would have only created 3,900 direct jobs and 21,050 total jobs over a two-year construction.

The article concludes:

The Keystone XL would have delivered roughly 830,000 barrels of crude oil from Canada to the U.S. through the pipeline. Additionally, a labor agreement signed by four unions with TC Energy in August 2020 promised the project would have created 42,000 American jobs and 2 billion in total wages.

Following Biden revoking the permits, Keystone XL was no longer a viable project and its builder, TC Energy, moved on from it, confirming its termination in June 2021. Federal judges tossed a challenge from almost two dozen states asking the court to reinstate the pipeline’s permits.

The repercussions of canceling the pipeline go beyond the economic cost. The cancellation of the pipeline was part of President Biden’s efforts to undo anything President Trump had done (whether it was good or bad) and was part of President Biden’s war on fossil fuel. That war has international as well as national consequences. America’s energy independence would put a very different light on the end of trading oil in American dollars that is rapidly approaching. However, it has been two years since we were energy independent. I don’t know how long it will take to get that independence back or even if it is possible. Energy independence would also make a big difference in the war in Ukraine. Russia’s war machine is being financed by the high price of oil. According to the law of supply and demand, if America were energy independent, the cost of oil would be significantly lower (and inflation would be significantly lower). There has been a high price paid by the American consumer for the election of President Biden. Hopefully we can stop paying that price in two years.