re:Things to know about oil pipelines.

San Jose CA

Description

Let's start with #1 - Actually Canada loaned most of the money for the XL pipeline along with JP Morgan and a few other banks. You're wrong Trump had the US government fund the pipeline #2 US refineries were more than capable to refine the tar sand oil or the Canadian government would never have loaned the money and the rest of the banks as well. Now China is buying that oil, putting it on oil tanks back to China which creates more pollution, greater risks of an accident and refined with far less concerns for the environment being damaged in the refining process. #3 Oil used for energy will be around for many decades to come well beyond your life span. The technology to make renewable clean energy viable as our sole energy source hasn't been created yet, in fact no one knows how to do it. If Biden sees the handwriting on the wall he's seeing it through rose colored glasses and a crystal ball. The coal industry around the world is doing just fine, Australia's biggest customer is China. We export coal too some of which is used in manufacturing steel. Without coal no steel, without steel no building, roads, etc you know "infrastructure". Bio fuels take tremendous amounts of water which as you can see we don't have so unless we create massive desalination plants on our coasts then build pipelines across the country to where biofuels will be produced that's a nonstarter. For the foreseeable future oil and gas will be our main source of energy and renewables a virtue signaling little experiment because for all your electric cars to drive its coal that will be producing the electricity for decades to come, kind of ironic! P.S. Have you heard coal prices are surging because of the shortages of natural gas? Time to reopen those closed coal mines of ours the world needs this energy source right now! 1. Oil companies should be funding the construction of these pipelines because they are the ones profiting from the pipelines. Trump had our federal government funding private business. NO tax dollars should fund private interests. 2. The tar sands oil that is transported in the Dakota pipeline from Canada to the southern US is the lowest grade oil on earth. Very difficult and expensive to refine in to usable fuel and oil products. 3. Like the majority of this nation, Joe sees the writing on the wall. Fossil fuels are old technology. These oil based fuels are not the future. Bio fuel grown from a variety of crops are the new fuel. Chevron, Shell, BP, Mobil are ALL converting oil refineries into bio fuel plants as we speak. Oil companies see the future and it is not crude oil. Bio fuels are the best thing that happened to American farmers ever. Any crop grown in any climate the contains sugar can become biofuel. Remember, Trump thought bringing back the coal in dusty was wise. Power companies were the ones who moved on from coal. Trump did not do his homework before claiming the would revive the coal industry. This is why he failed at it. Investing in oil pipelines makes no sense. You might as well invest in rotary phones and companies that build horse drawn carriages while you are at it. 15 years from now, gasoline powered cars will be running on pure ethanol (bio fuel). Every gallon of gas already contains a percentage of ethanol right now. There majority of every gallon of diesel sold in the US is bio diesel already. Clinging to the oil industry is like watching g black and white television. There are m much better options out there.