I keep hearing a lot of chit and chatter about how Biden shut down the Keystone pipeline and that’s why oil here, and in Tokyo and Europe has gone sky high, blah, blah, blah.Fact is, the Keystone pumps about 1.5 million barrels a day to Houston and someplace in Illinois with the unfortunate name of Patoka.
The proposed construction of Keystone XL was terminated by Biden. It was only 10% completed and never moved a single drop of oil.
Seems like I heard Trump say one time that while he approved the construction of the Keystone XL, he knew it would never be built to completion. It would be tied up in court forever.
I think there may be larger factors than the Keystone XL that have brought about rising oil prices.
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