Energy experts weigh in after Canadian premier says she wants to discuss Keystone Pipeline 2.0 with Trump
which, according to experts, could improve the reliability and affordability of the energy supply.
about possibly reopening the Keystone XL oil pipeline – a system that was designed to transport oil from Alberta to the U.S. through states like Illinois, Texas, and Oklahoma.
The pipeline has been a major topic of discussion in the world of politics since its construction started in 2010. It was initially put on hold by former President Barack Obama before being completed, but President Trump restarted it during his first term in office. The project once again hit a roadblock in 2021 when former President Joe Biden stepped in and temporarily halted it.
Trump may restart construction during his second term, with Smith expressing a willingness to discuss potential border pipelines.
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I'd like to consider ways to increase pipeline access. Are there new possible routes or new proposals for existing routes? Perhaps something like a revised Keystone pipeline concept or other ideas. I'm eager to discuss them in more detail once the new Secretary of the Interior is officially appointed. Trump has nominated North Dakota Governor Doug Burgum, a Republican, for the position, but he still needs Senate approval to take office.
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The canceled permits undo the previous holdup, potentially paving the way for the oil pipeline's construction to resume.
"Restarting the Keystone XL pipeline fits into President Trump's plan to lower food and energy costs by improving North American energy infrastructure and decreasing reliance on expensive imports," Jason Isaac, CEO of the American Energy Institute (AEI), told Fox News Digital.
The pipeline's ability to transport heavy crude, rich in sulfur, will support the production of affordable fertilizers, a critical input for farming, ultimately lowering the costs associated with food production," Isaac said. "Furthermore, the increased availability of crude oil will stabilize fuel prices, reducing the costs of transportation and energy that have a significant impact on food prices. This project fortifies energy security, promotes economic growth, and directly helps make energy and food more affordable for American families.
Another expert noted that Trump will probably face lawsuits if he decides to go ahead with building the pipeline, but Congress could potentially help minimize legal action.
The Trump administration will undoubtedly grant the necessary permits to finish the Keystone XL, but legal challenges are almost certain," Steve Milloy, a senior fellow at the Energy & Environmental Legal Institute and a former member of the Trump EPA transition team, said to Fox News Digital. "The key will be to keep the lawsuits to a minimum so investors don't get intimidated. Congress could help speed up the process by ordering the pipeline's completion and limiting the legal disputes.
In December 2022, the Biden administration's Energy Department released a report, which estimated that the Keystone XL project would have generated between 16,149 and 59,000 jobs and had a positive economic effect of between $3.4 and $9.6 billion, based on information from various studies.
Energy specialists comment following a Canadian leader announcing her intention to talk with Trump about Keystone Pipeline 2.0
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