kill the pipeline, kill the economy a little more...

billc

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Here is an article that looks at the mess that killing the keystone pipeline is going to cause in our economy...

http://pjmedia.com/blog/pipeline-politics-derails-more-than-jobs/

According to Dougher, the pipeline, if it’s ever completed, will reduce American dependence on Mideast oil by about half:
This kind of delay is just unacceptable; it appears to be entirely politically motivated. (It would move 830,000 barrels a day, about half what we get from the Persian Gulf.)
Dougher says that kind of reduction of dependence and increase in supply from stable countries would be beneficial to the entire world economy. Not only that, but about 25 percent of the pipeline was dedicated to moving U.S. oil to market — oil that’s currently stalled because it can’t get to where it needs to go. The Kansas sections of the pipeline are essentially useless because shippers are forced to break bulk and put the oil on tank trucks at the end of the pipeline.

Moreover, from the national interest standpoint, Canada is our single largest trading partner. For every dollar we spend in Canada, they spend about $.90 here. For every dollar we spend in the Mideast, they spend $.33 here. It’s hard to comprehend that doing more business with a country that wants to do business with us is “not in the national interest.”
U.S. Rep. Lynn Jenkins (R-Kansas) agrees that the entire debacle was political from start to finish:

Glendening also noted this would make it more difficult to secure future investments:
It dampens future projects when you have a runaway EPA or a State Department who look to the EPA for guidance.
Dougher also noted the oil companies have invested nearly double what the government has in searching for renewable sources of energy, and nearly as much as all the other industries in the U.S. have combined. Exxon Mobil, for instance, has poured more than half a billion dollars into making fuel from algae.
 

Scott T

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I've always maintained that Northern Gateway is a better bet for Canada. Canadian jobs to build the pipeline and better prices for the product as the Asian nations won't get the US' bargain price (as detailed in either the original FTA or NAFTA. Can't remember which)
 

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