Biden axed the Keystone pipeline expansion after TC Energy spent $8 billion on the project. What was the result? About $8 billion down the drain, and fewer jobs and less investment in the USA. A lot of oil that would have been refined in the USA flowed to western and eastern Canada instead. What a ridiculous waste!
Now Trump's axing a wind energy project offshore New York. The developer, Equinor, will take a hit of $4 billion to $4.5 billion. We can argue whether that project deserves subsidies (I don't think so) or whether it would produce economic returns comparable to other power generation projects without subsidies (I suspect not), but all the same, Trump's flushing over $4 billion down the drain. Crazy!
https://www.reuters.com/sustainabili...ct-2025-04-30/
So when progressive Democrats come back into power, how will they one up Trump? Maybe shut down half-built LNG plants, instead of "just" refusing to permit new ones, like Biden did?
Also, please note that Biden suspended issuance of new federal oil and gas leases, and permits for new wells on existing leases. Political considerations and the courts forced him to lift the suspensions. Trump's trying to do something similar with wind.
Why won't our politicians let free markets work? Dumb asses.
- Tiny
- Yesterday, 07:11 PM
- pxmcc
- Yesterday, 09:19 PM
good post Tiny.
i would hasten to add 2 distinctions though in Biden's favor:
1. the probability of leaks and other forms of environmental damage in Keystone is well above 0; and,
2. we are cooking the earth with fossil fuel emissions, and the sooner we can get to net 0 Carbon, the better the chance that the planet is still habitable in 100 years. this is a here and now issue. getting home, fire and flood insurance at affordable rates in Florida, Louisiana, Texas, and California is damn near impossible. i just got hit with a 6k HOA Special Assessment to repair damage from Hurricane Beryl. all of this is due to planetary damage already incurred from the burning of fossil fuels. and it only gets worse from here, regardless of what we do and when we do it. but the magnitude and speed of the new damage depend on what we do now. we should just leave it in the ground.
i would hasten to add 2 distinctions though in Biden's favor:
1. the probability of leaks and other forms of environmental damage in Keystone is well above 0; and,
2. we are cooking the earth with fossil fuel emissions, and the sooner we can get to net 0 Carbon, the better the chance that the planet is still habitable in 100 years. this is a here and now issue. getting home, fire and flood insurance at affordable rates in Florida, Louisiana, Texas, and California is damn near impossible. i just got hit with a 6k HOA Special Assessment to repair damage from Hurricane Beryl. all of this is due to planetary damage already incurred from the burning of fossil fuels. and it only gets worse from here, regardless of what we do and when we do it. but the magnitude and speed of the new damage depend on what we do now. we should just leave it in the ground.
- txdot-guy
- Yesterday, 10:38 PM
So when progressive Democrats come back into power, how will they one up Trump? Maybe shut down half-built LNG plants, instead of "just" refusing to permit new ones, like Biden did?I would hope that the next administration would scrap old gas and coal plants before scuttling new ones.
Also, please note that Biden suspended issuance of new federal oil and gas leases, and permits for new wells on existing leases. Political considerations and the courts forced him to lift the suspensions. Trump's trying to do something similar with wind. Originally Posted by Tiny