A sign calling for a halt to construction of the Keystone XL oil pipeline in Nebraska, USA. File photoMOSCOW, Oct 28The Keystone XL pipeline could be US insurance against Russia and OPEC if US President Joe Biden didn't ban its construction, Forbes journalist Robert Rapier said. strategic oil reserve and are now pleading with Saudi Arabia and OPEC not to cut oil production as a result of unintended but predictable consequences of US energy policy,» wrote the author. «/>The US does not plan to impose a ceiling on oil prices before congressional elections Opposition to the construction of Keystone XL has undermined US energy security, according to Rapier. The pipeline was a victim of the Biden administration's climate change policies, he recalled. The article highlights the fact that Keystone XL could be used to pump more oil from Canada into the US than from Russia or Saudi Arabia. This would be practically equivalent to the amount of oil received from OPEC last year. that Keystone XL would weaken the negotiating position of OPEC and Russia when it comes to keeping oil in the market, as well as on the issue of anti-Russian sanctions,» Rapier said. In his opinion, if the pipeline had already been built by now, it might not have completely solved Washington’s problems with Riyadh and Moscow, but would have reduced their influence on the market. with Saudi Arabia decided to cut oil production by two million barrels a day from November. The move was sharply criticized by the United States, which sought to increase production from the kingdom to help the EU reduce the consumption of «black gold» from Russia amid its confrontation with the West. » /> Ankara said that they can buy Russian oil without the participation of the West
