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Will the Keystone XL pipeline be revived by the end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the U.S. Department of Energy or relevant government agencies
Story
Trump Plans to Boost U.S. Energy Exports, Revive Keystone XL Pipeline
Nov 29, 2024, 02:30 PM
President-elect Donald Trump is set to prioritize energy production in his administration, focusing on easing restrictions on oil and LNG to bolster U.S. energy exports. Trump plans to establish a National Energy Council to promote American 'energy dominance' by increasing oil and gas drilling, reviving projects like the Keystone XL pipeline, and potentially maintaining sanctions on Russian LNG production. This approach aims to enhance U.S. energy exports, particularly LNG, and could have implications for global energy markets, including causing concern in Moscow. However, Trump's vision of 'energy dominance' might face real-world limitations due to existing high U.S. oil production levels under President Joe Biden, state regulations, and the potential for increased gas prices due to tariffs.
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Similar markets
Pipeline construction begins • 25%
Pipeline remains canceled • 25%
Alternative pipeline project initiated • 25%
Legal challenges prevent progress • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Legal challenges • 25%
Environmental protests • 25%
Technical issues • 25%
Political opposition • 25%
Increased oil trade • 25%
Decreased oil trade • 25%
No significant change • 25%
New trade agreements signed • 25%
Private investment • 25%
Government grants • 25%
Foreign investment • 25%
Public-private partnership • 25%
