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Biden Supports More Oil From Canada, But No Realistic Option to Get It Here

With crude still flirting with 8-year highs, President Biden needs to expand his options on increasing the flow of oil.
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Crude Futures Remain Near 8-Year High 2022-04-05

More Oil, No Pipeline  

To appease the Greens president Biden still will not support the Keystone XL pipeline expansion. 

But in an effort to pretend he is doing something about gas prices Biden Wants More Oil From Canada.

Canada has ample reserves under its soil to meet U.S. demand, said Kevin Birn, an analyst with S&P Global Commodity Insights. It just doesn’t have enough pipeline capacity to pump it here, he said.

“There’s not a limitation in terms of resource potential,” Mr. Birn said. “There’s a limitation of capacity.”

The XL expansion was to carry 830,000 barrels a day of Canadian crude from Alberta to Nebraska, where the pipeline would meet up with the existing Keystone pipeline, and then on to refineries on the U.S. Gulf Coast

Three Options 

  • Rail: Very Expensive
  • Increase Pressure in Existing Pipelines: Already running near max capacity
  • Keystone Pipeline: Ruled Out

Also note that Sonya Savage, Alberta’s energy minister, also has reservations over more oil.

Savage said that Canada could produce even more, but only if her country’s federal government changed policies that have emphasized greenhouse-gas reductions and reducing reliance on fossil fuels.

Telepathy and Wishful Oil

Wishing oil from Canada to the US will surely solve everything. The main problem is we are not unified. We need a concentrated focus. 

Please mark your calendar: At 2:30 PM Central, on Wednesday April 6, we all need to wish telepathic oil delivery from Canada to the US. 

When that works, we can then wish LNG straight out of the ground in the US to Europe. 

Wishful thinking and telepathic oil, not more fracking, is the key to solving the problem displayed below.

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Natural Gas Flow

Global map from Nations Online Project, annotations by Mish

Global map from Nations Online Project, annotations by Mish

What if Telepathy Fails?

I have high faith the Mish-sponsored telepathic delivery of oil from Canada to the US will start on April 6. 

Then we will also discover that telepathy and wishful thinking will eliminate the need for fracking, pipelines, and LNG ports.

Rumor has it that Phil Flynn, the head energy trader for the Price Futures Group, is now totally on board with telepathic oil delivery. 

In case you missed it, please see MishTalk TV With the Head Energy Trader at Price Futures Group

On the off chance that telepathy fails, the unfortunate news is De-Globalization and Inefficient Supply Chains Will Drive Up Inflation.

We find out soon enough if telepathy works. If not, Biden needs a new plan. 

This post originated on MishTalk.Com.

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