Democrats and activists have delayed and canceled multiple pipeline projects, which critics say has killed jobs and driven up energy costs. With Trump’s support, some of these projects might get built.
A simple straight line between supply and demand illustrates why XL was—and is—needed, says one expert.
Even with presidential approval, reviving the project would mean restarting all the state, local and federal permitting process, obtaining right-of-ways, and enduring costly litigation from anti-fossil fuel groups.
Gas prices hit a new all-time high on May 10, 2022, amid rising inflation and President Biden’s restrictions on oil and gas production.
The pipeline’s owner wants $15 billion to redress Biden’s arbitrary permit withdrawal.
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