The US has no one to blame but itself for its current gasoline shortage, says Alberta Energy Minister Sonya Savage..On Wednesday, U.S. President Joe Biden’s administration asked OPEC and its allies to boost oil output to tackle rising gasoline prices they see as a threat to the global economic recovery..But in a statement, Savage reminded Americans it was Biden who cancelled the Keystone XL pipeline expansion that would have gone a long way to battling future shortages..“The Biden administration pleading with OPEC to increase oil production to rescue the United States from high fuel prices months after cancelling the Keystone XL pipeline smacks of hypocrisy,” said Savage in a statement..“Keystone XL would have provided Americans with a stable source of energy from a trusted ally and friend that adheres to the highest ESG standards in the world with industry commitments to net-zero production. Had pipelines not been politicized by opponents of oil and gas, Keystone XL would have been operational for years and reliably delivering nearly one-million barrels of oil every day to American refineries,” she said..“The Biden administration’s plea for more oil confirms there will continue to be demand for Canadian and Alberta energy, and highlights the need for affordable and reliable energy as the world seeks to lower emissions. This is despite a deliberate push from our federal government to transition away from oil and gas. Alberta’s government will continue to push for new pipelines and new markets to support the industry, the jobs and the prosperity it creates.”.Biden’s national security adviser, Jake Sullivan criticized big drilling nations, including Saudi Arabia, for what he said were insufficient crude production levels in the aftermath of the global COVID-19 pandemic, Reuters reported..“At a critical moment in the global recovery, this is simply not enough,” Sullivan said in a statement..U.S. gasoline prices are running at about US$3.18 a gallon at the pumps, up more than a dollar from last year.“The bottom line is the world needs Alberta’s energy. Albertans own the third-largest oil reserves in the world and our industry is at the forefront of innovation and technology to reduce emissions and produce oil with the lowest carbon footprint. That’s why we are well-positioned to meet global demand and support a post-pandemic economic recovery,” said Savage..“We look forward to the Biden administration’s continued support for an integrated North American energy market in the months ahead which will create jobs and prosperity on both sides of the border.”.Dave Naylor is the News Editor of the Western Standard.,dnaylor@westernstandardonline.com,.Twitter.com/nobby7694
The US has no one to blame but itself for its current gasoline shortage, says Alberta Energy Minister Sonya Savage..On Wednesday, U.S. President Joe Biden’s administration asked OPEC and its allies to boost oil output to tackle rising gasoline prices they see as a threat to the global economic recovery..But in a statement, Savage reminded Americans it was Biden who cancelled the Keystone XL pipeline expansion that would have gone a long way to battling future shortages..“The Biden administration pleading with OPEC to increase oil production to rescue the United States from high fuel prices months after cancelling the Keystone XL pipeline smacks of hypocrisy,” said Savage in a statement..“Keystone XL would have provided Americans with a stable source of energy from a trusted ally and friend that adheres to the highest ESG standards in the world with industry commitments to net-zero production. Had pipelines not been politicized by opponents of oil and gas, Keystone XL would have been operational for years and reliably delivering nearly one-million barrels of oil every day to American refineries,” she said..“The Biden administration’s plea for more oil confirms there will continue to be demand for Canadian and Alberta energy, and highlights the need for affordable and reliable energy as the world seeks to lower emissions. This is despite a deliberate push from our federal government to transition away from oil and gas. Alberta’s government will continue to push for new pipelines and new markets to support the industry, the jobs and the prosperity it creates.”.Biden’s national security adviser, Jake Sullivan criticized big drilling nations, including Saudi Arabia, for what he said were insufficient crude production levels in the aftermath of the global COVID-19 pandemic, Reuters reported..“At a critical moment in the global recovery, this is simply not enough,” Sullivan said in a statement..U.S. gasoline prices are running at about US$3.18 a gallon at the pumps, up more than a dollar from last year.“The bottom line is the world needs Alberta’s energy. Albertans own the third-largest oil reserves in the world and our industry is at the forefront of innovation and technology to reduce emissions and produce oil with the lowest carbon footprint. That’s why we are well-positioned to meet global demand and support a post-pandemic economic recovery,” said Savage..“We look forward to the Biden administration’s continued support for an integrated North American energy market in the months ahead which will create jobs and prosperity on both sides of the border.”.Dave Naylor is the News Editor of the Western Standard.,dnaylor@westernstandardonline.com,.Twitter.com/nobby7694
