Shouldn’t there be a cost benefit analysis for both these actions? I believe that analysis said that the environmental cost of the pipeline was too great. The short term cost of the release was reasonable.
You have given one action in the totality of many that are not in the control of the President that influence prices. It was a clever twist, but you know there is much more to it than that. ------ Sara Mattes > On Aug 14, 2022, at 5:34 PM, Fred Hopengarten <[email protected]> > wrote: > > The assertion has been made here on LT that: > > “The reality is that US Presidents have very little influence over energy > prices, . . .” > > I refer readers to this CNBC (not a right-wing news outlet) report: > > “Joe Biden this year revoked a key permit needed for a U.S. stretch of the > 1,200-mile project.” > “The Keystone XL pipeline was expected to carry 830,000 barrels per day of > Alberta oil sands crude to Nebraska,” > Source: > https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html > > <https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html> > > To get a sense of whether 830,000 barrels per day is a little or a lot of > oil, see > > “Biden announces huge strategic oil reserve release to curb gas prices > The unprecedented release of 1 million barrels a day over the next six months > from the Strategic Petroleum Reserve aims to make up for the loss of Russian > oil from global markets amid the Ukraine conflict” (Emphasis added.) > > Source: > https://www.washingtonpost.com/climate-environment/2022/03/31/strategic-petroleum-reserve-release-biden/ > > <https://www.washingtonpost.com/climate-environment/2022/03/31/strategic-petroleum-reserve-release-biden/> > If the President released 1 million barrels per day and claimed it would help > energy prices, and that help is limited to six months, then it is fair to > suggest that 830,000 barrels per day with no time limit should help energy > prices. > > [I hate myself for debating national politics on LT. But the facts suggest > that, as long as supply and demand are relevant concepts, less oil influences > energy prices, and more oil influences energy prices.] > > -Fred Hopengarten > > > <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient&utm_term=icon> > Virus-free. www.avast.com > <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient&utm_term=link> > <x-msg://9/#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2>-- > The LincolnTalk mailing list. > To post, send mail to [email protected] > <mailto:[email protected]>. > Search the archives at http://lincoln.2330058.n4.nabble.com/ > <http://lincoln.2330058.n4.nabble.com/>. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > <https://pairlist9.pair.net/mailman/private/lincoln/>. > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln > <https://pairlist9.pair.net/mailman/listinfo/lincoln>.
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