"Pipelines are the safest and most environmentally friendly means of transporting oil and gas around the country, especially compared with alternatives such as rail or trucking. The 2.8-million-mile system of oil, product and gas pipelines currently blanketing the lower 48 states has a safe delivery rate of greater than 99.999%, based on Transportation Department data.
But in the running battle against fossil fuels, the environmental warriors now want to cut supply lines and thereby strand assets in the ground. Climate-change animus is overriding objective science.
Led by environmental activists, Native American tribes and, increasingly, blue-state governments, the protest complex now decries the unique dangers of piping “fracked gas” and “oil tar sands” around the country. Twinning an existing pipe allegedly poses a new and far greater threat to the ecological order. Somehow, pipelines buried more than 100 feet below riverbeds or encased in concrete tunnels still retain the power to pollute.
The U.S. economy will continue to be powered by oil and gas well past the arbitrary apocalyptic year of 2030 set by Green New Dealers. Shutting in domestic production through pipeline blockades will only balkanize the country’s energy market and encourage dependence on foreign sources—many of them unstable and unfriendly.
Keeping heavy Canadian crude from reaching U.S. refineries will mean continued reliance on Venezuelan and Mexican oil imports. Short-circuiting public-utility plans to add gas-fired power-generation capacity—since natural gas is now a bridge fuel too far for many activists—will create regional gas bottlenecks that adversely affect heating, cooking and electricity customers.
New England is currently cut off from cheap Marcellus Shale natural gas and forced to import more-expensive liquefied natural gas from Russia—a fate that may await the Southeastern U.S. (especially peninsular Florida) in the coming years. It is not surprising that Russian disinformation campaigns were active during the Dakota Access Pipeline protests in 2016-17, helping to spread fake environmental news about pipeline transportation."
Sunday, October 13, 2019
Pipelines are the safest and most environmentally friendly means of transporting oil and gas
See Trump Hasn’t Solved the Pipeline Crisis: Climate-change politics threaten American energy independence and could produce fuel shortages Paul H. Tice. He works in investment management and is an adjunct professor of finance at New York University’s Stern School of Business. Excerpt:
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