Jen Psaki Explains That The Keystone XL Pipeline Would Not Curb The Soaring Oil Prices

Jen Psaki
Jen Psaki

A Canadian lawmaker is attempting to resurrect the Keystone XL oil pipeline project. The project was halted by President Joe Biden last year. During the Ukraine conflict, the move would strengthen US energy security. Kenney went on to say that if Biden hadn’t halted the pipeline’s construction, the “democracy energy” it offered could have displaced “Russian war oil laced with Ukrainian blood” by the end of the year. 

Jen Psaki Said That They Should Focus On Harnessing Renewable Energy Sources

Jen Psaki said that the Keystone Pipeline, which President Joe Biden halted, would not have affected the country’s soaring gas costs. The pipeline project was first denied by the Obama administration owing to environmental concerns. It was then resurrected by President Donald Trump in 2017, and construction began in 2020. TC Energy, the pipeline’s developer, canceled the $9 billion project in June. According to the Reuters Fact Check team, less than 10% of the pipeline had been built when Biden canceled a critical permit in January.

Kenney said the Keystone XL pipeline could be built by the first quarter of 2023 if the Biden administration approves it.

According to Reuters, which cited two people familiar with the situation, the US is reportedly considering imposing its restriction on Russian oil imports. This would come at an inopportune moment since oil prices have risen 60% this year to multi-year highs.

Jen Psaki, the White House press secretary, said on Monday that restarting the Keystone XL oil pipeline will have no impact on gas prices. According to an official translation, “the oil is still flowing in, but through different channels,” as Jen Psaki stated.

Jen Psaki suggested that they lessen their reliance on foreign petroleum and fossil fuels. The fear of growing fuel costs will be alleviated by having a stable and sustainable energy supply.

According to the Energy Information Administration, US oil output reached 11.8 million barrels per day in November and is expected to hit new highs of 12 million barrels per day in 2022 and 12.6 million barrels per day in 2013.