Episode Transcript
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Speaker 1 (00:00):
Okay, so we all know the drill. President Biden came
in immediately on day one of his term in twenty
twenty one and canceled at the Keystone XL pipeline project
that President Trump had started after it was rejected by
Barack Obama before him. So the back and forth the
OEYO continues. Now, Assident President Trump says he's coming in
(00:21):
to start that bad boy up again. KR ing of
joining us now President of Texas Alliance of Energy Producers CAR.
Speaker 2 (00:27):
Good morning, Good morning, How are you all today?
Speaker 1 (00:31):
We're doing fantastic, happy early Thanksgiving to you, sir. So,
this is a twelve hundred mile Canada to Nebraska crude
project and it's back on the table now. President Trump
says he's going to restart this. How quickly do you
think this will have an impact on it? You know,
obviously it's going to be a while to get it done,
But how quickly do you think from a future's perspective,
(00:51):
it'll have an impact on prices?
Speaker 2 (00:54):
Well, I'm not altogether convinced that it ultimately will get done,
simply because it's not actually the government that is constructing
that pipeline. It's a company that had gone through the
process of the investment of getting the right of way
done through as you say, several states. So this pipeline
(01:17):
would come over the Canadian border into the US, bring
US Canadian crude, which we actually truly need and use
a lot of in the United States. But that company
wants the Viiden administration work them over, finally had to
throw up their hands and walk away. And so I
don't know who's left to actually continue this pipeline and
(01:37):
build it, but I think it's helpful that the administration
may come in and issue that permit. If it turns
out to be a symbolic thing, well I suppose it does,
but it also means that in this administration, unlike the
last one, the door for energy products, producing them and
then moving them from point to point where they can
(01:58):
benefit consumers maybe open once again. And I think worst
case scenario, that's probably the outcome that we have here.
Speaker 1 (02:07):
We're talking to a caring and president of the Texas
Alliance of Energy Producers. Yeah, it's interesting quoting a politico here.
Any company building the pipeline would have to once again
acquire land for the pipeline route, at least in Nebraska.
Jane Cleeve chair of the Nebraska Democratic Party, in the
head of Bold Alliance, which is a progressive group that
fought the Keystone XL pipeline the first time, said this
(02:30):
could once again raise bad feelings among conservative landowners fearful
about a private company's use of imminent domain rights to
gain access to that land. So was all of this,
We're all of this, We're all of these agreements made
before car when President Trump had greenlit this project back
in twenty seventeen.
Speaker 2 (02:49):
We act like this Keystone XCEL pipeline is the only
pipeline we've ever constructed in the US, and this is
such an extraordinary thing that we've never been through this
process before. If you were to look at a pipeline
map of the United States, you would be astonished. Most
people would be astonished at how many miles of pipeline
we have underground within states, going from one state to another.
(03:14):
And again, these are moving energy products of all sorts,
raw material, crude oil, finished products, gasoline, natural gas. We've
got pipelines everywhere doing this and every one of them
had to go through this right away process. So nothing
new about this and nothing unique about this. But the
Keystone seems to have taken on some sort of life
(03:35):
of its own as a symbol of whether or not
we're going to be open to producing and then moving
about us energy products for the benefit of our consumers
and increasingly for consumers elsewhere around the world. Biden says no,
Trump says, yes, yeah, well you would.
Speaker 1 (03:56):
I think interests a lot of people car is and
President Trump said this his debate with Kamala Harris. Why
did Biden go in and kill the Keystone pipeline because
of climate concerns but then approve and support the biggest
deal Russia ever made, the nord Stream two between Germany
and all over Europe, you know, going to Germany from
all over Europe? So why one and not the other?
Clearly indicated that they did not have an interest in
(04:18):
American energy independence, but they care more about their European counterparts.
Speaker 2 (04:25):
Well, and it gets even more hypocritical than that. It's
not like the stopping of the Keystone Outsel pipeline keeps
that product from coming into the United States or going
where it may otherwise go. It's coming in. It has
found alternative roots routes, much like it just tends to happen.
The market trust to find another way to get this done.
(04:46):
And so this crude oil comes into the US. But
guess how it comes in now, Well, it may come
in on some smaller pipelines. A lot of it comes
in overland though, by rail or by truck. And does
anybody mean to suggest that, if you do have climate concerns,
that this is a better way to move crude oil
by admitting CO two from something that has a diesel
(05:10):
engine to move that stuff. I mean nobody, but nobody
I suppose has thought through this.
Speaker 1 (05:17):
Yeah, well this particularly the critics, Yeah, particularly the critics
of oil production and fossil fuels in general. You're right,
they don't think it through or they just ignored that
aspect of it that they did think about it, they
just ignored because it's not in their best interest. Car
Ingham was the president of Alliance of Energy excuse me,
Texas Alliance of Energy Producers. Cart thanks so much for
(05:37):
the insights this morning. We appreciate it, my pleasure. Thanks
for having me ENJOYABA with you.