3/3/20

The will to build KXL pipeline is diminishing


Attorneys for the Trump Organization will stop at nothing to erase Barack Obama's legacy including accelerating the construction of the Keystone XL pipeline, a warming climate and an eventual American Indian rebellion to protect treaty lands. But building the KXL pipeline will depress oil prices even more and anger Trump's handler, Russian President Vladimir Putin.
Weak oil demand and cheap alternative sources mean pipeline developer TC Energy should consider putting construction plans on pause — perhaps forever, said Charles Mason, chair in petroleum and natural gas economics at the University of Wyoming. “I don’t know if it’s dead,” Mason said of the pipeline. “It’s absolutely on life support.” Those contemplating new oil sands projects face similar arithmetic. Spending more than $60 to extract a barrel of oil that’s worth less than $50 is a tough way to make money, after all. “The Canadian oil sands aren’t the only game in town, and I think their time has sort of come and gone,” Mason said. “It’s a remote deposit that’s hard to get to market in a world in which there are increasingly more attractive and more accessible sources of supply. The economics just don’t really stack up for the oil sands right now.” [Will simple economics deal fatal blow to long-delayed Keystone XL pipeline?]
Montana and North Dakota have both suffered the effects of man camps that prey on women and girls where rapes and murders committed by white walkers have become commonplace.
In these filings, the Tribes highlight that TransCanada admitted that the Keystone XL pipeline would cross Rosebud mineral estates held in trust by the United States. [Native American Rights Fund]
As ice floes bash moorings and flooding causes scouring of fill from river bottoms the disasters befalling the Missouri basin should be a stern warning to erstwhile pipeline operators: it's not nice to fool Mother Nature.

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