It’s deja vu all over again. Yogi Berra, I say this because these were election issues in the past 4 elections. It also was an attempt to steer the debate away from Harris, to criticize Biden’s decisions.
Nord Stream 2
The Harris-Trump debate consisted of some very old recycled falsehoods from Trump, more than 2 years old. Here it is:
“Why does Biden go in and kill the Keystone pipeline and approve the single biggest deal that Russia’s ever made, Nord Stream 2?” Trump said Tuesday night. Harris finally came back with the great one liner, “Well I am not Joe Biden, and I am certainly not Donald Trump.”
I call it the double whammy, because it calls for Harris to defend Biden’s supposed “approval” of Nord Stream 2. There was no approval, because it was Germany’s decision. For now, it isn’t even an issue. No gas is flowing from Russia to Germany. The pipelines were sabotaged in September 2022 and repair is unlikely because Germany will not allow the pipeline to go in service.
Nord Stream 2 is an underwater natural gas pipeline connecting Russia and Germany, which was first planned in 2015. It is 767 miles long. Because the pipeline exports Russian gas to Germany, they must approve the project. The US can make it more difficult to construct the pipeline by sanctioning the companies involved in the construction. But approval or disapproval are not options.
Biden’s approval of Nord Stream 2 is a recycled lie. Trump’s February 2022 speech at the CPAP conference is just one long series of lies, exaggerations and deceptive statements. Of course this is a conservative Republican event that is very eager to embrace his false statements because they sound good. See link at bottom.
“It’s a good thing to get along with people not a bad thing. You can be very tough and get along. You know, I’m the one that ended [Putin’s] pipeline. He said, ‘You’re killing me with the pipeline.’ Nobody else ended his pipeline. Biden came in, he approved it.”
Sorry, This is a baseless lie. It only highlights Trump’s creativity in telling lies with Vladimir Putin, down on his knees to Trump, begging him to approve the pipeline. US sanctions may have slowed construction but they did not stop it. Per Wikipedia: “In December 2020 [while Trump was still President] , the Russian pipelaying ship Akademik Cherskiy continued pipe-laying… The laying of the second line was completed in September 2021.
In May 2021, Biden allowed soften the sanctions. At the time, Germany was very upset with the US sanctions against companies involved in the construction of the pipeline as they saw it as an interference in their foreign policy. Biden attempted to re-direct the sanctions more specifically at Russia’s economy as it became clear that the Nord Stream 2 project was going to be completed no matter what the US wanted.
Biden was looking for some leverage to negotiate with Putin. The real threat was a Russian invasion of Ukraine not Russian gas flowing to Germany. Biden was attempting to solidify European unity to counter Russia’s hostile and aggressive policies. The Ukrainian invasion occurred because of Putin’s underestimation of Ukraine’s willingness to fight, and the US and European support for an independent Ukraine.
Germany will not permit the pipeline be put in service as long as Russia occupies Ukraine. Germany never granted Russia a certification of completion for the Nord Stream pipeline.
Links:
Wikipedia: https://en.wikipedia.org/wiki/Nord_Stream_2
Fact Checking the CPAP Feb 2022 Speech
XL Keystone Pipeline
The claim by Trump during the debate that Biden terminated the Keystone XL project is correct. He did so on his first day in office, based on environmental concerns. His agenda to rejoin the International Paris Accords and gain further cooperation for reduced CO2 emission would be inconsistent with supporting import of heavy oil from Canada. Per Wikipedia: “As of 2024, oilsands account for 8% of the total of Canadian emissions. Emissions from the oilsands continue to increase, while most other sources are decreasing.
The Keystone pipeline saga is a long one. There are multiple pipeline construction phases. The one that Biden cancelled was the fourth phase called the Keystone XL pipeline. The KXL pipeline would have shorten the route to Texas refineries. Trump tried to hasten the approval permitting process, but legal challenges in Montana succeeded in November 2018, with the judge ruling that the expediated approval violated the Administrative Procedure Act, the National Environmental Policy Act, and the Endangered Species Act.
It is true that the construction of the other phases of the Keystone project were easily approved during the Obama administration. The real issue was whether it was in the US interest to import the heavy crude (the nastiest oil, see NRDC link) which would have serious environmental and ecology impact.
Did Biden’s cancellation of the pipeline hurt the oilsands projects? Not really, as production from Canada’s oilsands continued to grow. There are still the longer route to bring Canadian oil to the US. Railcars can transport the heavy oil. And this is not good for climate change efforts. See links below.
The pipeline construction is 8% complete. TransCanada Corporation (now TC Energy, TRP stock symbol) disbanded efforts to continue the construction after Biden denied the export permit. The company is still doing well with a market cap of 42 billion dollars. The CBS article suggests that Canada production growth may flatten out in 2024, with competition from other sources.
Links:
CBS: Canada could lead the world in oil production growth in 2024
National Resource Defense Council: What Is the Keystone XL Pipeline? (NRDC supported lawsuits to end the Keystone XL pipeline.
Wikipedia: https://en.wikipedia.org/wiki/Keystone_Pipeline
(The long and controversial history of the Keystone XL pipeline stretches back to 2008 when Bush was president)
The German Experience transitioning to Green Energy
Immediately after the debate, Germany took exception to the following:
“You believe in things like, we’re not going to frack, we’re not going to take fossil fuel, we’re not going to do things that are going make this country strong, whether you like it or not,” Trump said Tuesday night, referring to Harris. “Germany tried that, and within one year, they were back to building normal energy plants.”
Their response: “Like it or not: Germany’s energy system is fully operational, with more than 50% renewables,” the ministry wrote. “And we are shutting down — not building — coal & nuclear plants. Coal will be off the grid by 2038 at the latest.”
Link: https://www.washingtonpost.com/world/2024/09/11/trump-germany-energy-fossil-fuels/
Harris stated that she supported fracking. The side comment on Germany was just thrown into the mix for effect. They also watch our debate.
Opening up and closing other potential areas for drilling by Biden
Energy policy will continue to be controversial and poorly understood by the electorate, regardless of who wins the 2024 election. Biden surprised climate activists when he approved the massive Willow project (massive in terms of investment required) in the petroleum reserve.
Link: https://www.nytimes.com/2023/03/12/climate/biden-willow-arctic-drilling-restrictions.html
The 2021 ANWR (Arctic National Wildlife Refuge) lease sale by Trump, after he lost the election in 2020, was a total disaster. The potential of ANWR is poorly defined, as no wells have been drilled inside the refuge. Chevron drilled an exploratory well just outside of the refuge in 1985. Results have never been disclosed.
Per Wikipedia:
Two small independent companies, Knik Arm Services LLC and Regenerate Alaska Inc, won one tract each. The auction generated $14.4 million, lower than the $1.8 billion estimate from the Congressional Budget Office in 2019, and the auction did not receive bids from any oil and gas companies.[53]
On June 1, 2021, Secretary of Interior Deb Haaland suspended all Trump-era oil and gas leases in the Arctic National Wildlife Refuge pending a review of how fossil fuel drilling would impact the remote landscape.[10] Indigenous and conservation groups urged Biden to make the suspension permanent. On September 6 2023, the Biden administration cancelled the leases.
The same article notes that Goldman Sachs and other investment banks stated they would not finance investments in ANWR. On September 6, 2023, the Biden administration cancelled the leases.
I doubt that the lease holders really lost because without a major oil company taking over the lease, there would be no exploratory drilling.
Summary
I have corrected the misrepresentations by Trump at the debate concerning the two pipelines, neither of which are operational. So, this is a matter of old and bitter political fights. Canada will produce their heavy oil to the chagrin of climate activists.
The supply of oil is likely to increase from new discoveries offshore Guyana, and from developments in Brazil, US (offshore developments plus fracking) and Canada. Gas prices could definitely go down, as supplies increase.
Our energy policy is too short term focused. Going forward in the long run, will mean transitioning from our dependence on fossil fuels, to renewable fuels, which includes solar and wind energy. We can’t keep building roads, and adding gasoline burning cars. Collaborating with other countries, like China and India, I hope, can lead to cutting global carbon emissions. Global problems require global solutions.
I don’t think there is any hope of a Trump administration addressing these future challenges. The hubris that comes from the MAGA folks, is competitive, and ignores the climate impact.
I am much more hopeful that a Kamala Harris would make real progress in green energy and more efficient use of our resources, for the long term future.
Stay tuned,
Dave
Prior comments on Nord Stream 2:




