Permit for the Keystone XL pipeline to be canceled on Biden's first day

[DINGO Joe]

The pipeline was basically dead anyway, wasn't it?

yes

[DINGO Joe]

The pipeline was basically dead anyway, wasn't it?

yes

Just to actually expand on this, it was totally dead because the poverty stricken oil industry didn't have anyone left who thought it was worth spending money on anymore, as the oil landscape had changed dramatically since the XL was first proposed.  The success of fracking and the expansion/repurpose of other pipeliines left no one interested in putting their own money into the project anymore.  However.....along comes a new Premier in Alberta who was willing to commit taxpayer money (1.1B) and loan guarantees (4.2B) to jump start the project and it turns out that there are corporations willing to take government money to do stuff that doesn't put their financial ass on the line.

Anyway, it seems that the Alberta premier has already reached the acceptance phase as he's already talking about selling the pipe for scrap to reduce the cost to taxpayers

https://finance.yahoo.com/news/keystone-xl-may-sold-scrap-203840567.html

[DINGO Joe]

Also, the independence from the Saudi argument doesn't work anymore, USA produces like 95% of its use already.

Well, even if you count Canada as part of American oil that's not entirely true as quite a bit of oil flows into the US and then goes out as finished product.   But, yes the Keystone XL was important to Albertan oil interests but not so much to the US. 

[DINGO Joe]

For those interested, here's an industry blog that shows all the other ways that the oil sands get to US refiners and the active projects to rework those.  The blog is only publicly available for 5 days.

https://rbnenergy.com/oil-from-the-north-country-part-2-as-more-canadian-crude-flows-south-a-push-to-expand-pipes