Would the Keystone Pipeline be a great economic asset to the United States? Hardly.

[Skull Pilot]

Obama had it right.

According to an independent study conducted by Cornell University Global Labor Institute, the claims of a significant economic boost to the US economy as a result of the pipeline are quite exaggerated. Here is a summary of their findings:

The industry’s US jobs claims are linked to a $7 billion KXL project budget.
However, the budget for KXL that will have a bearing on US jobs figures is
dramatically lower—only around $3 to $4 billion. A lower project budget means
fewer jobs.
»
The project will create no more than 2,500-4,650 temporary direct construction
jobs for two years, according to TransCanada’s own data supplied to the State
Department.
»
The company’s claim that KXL will create 20,000 direct construction and
manufacturing jobs in the U.S is not substantiated.
»
There is strong evidence to suggest that a large portion of the primary material
input for KXL—steel pipe—will not even be produced in the United States. A
substantial amount of pipe has already been manufactured in advance of pipeline
permit issuance.
»
The industry’s claim that KXL will create 119,000 total jobs (direct, indirect, and
induced) is based on a flawed and poorly documented study commissioned by
TransCanada (The Perryman Group study). Perryman wrongly includes over $1
billion in spending and over 10,000 person-years of employment for a section
of the Keystone project in Kansas and Oklahoma that is not part of KXL and has
already been built.
»
KXL will not be a major source of US jobs, nor will it play any substantial role at
all in putting Americans back to work. Even if the Perryman figures were accurate,
and all of the workers for the next phase of the project were hired immediately, the
US seasonally adjusted unemployment rate would remain at 9.1%—exactly where it
is now.
»
KXL will divert Tar Sands oil now supplying Midwest refineries, so it can be sold at
higher prices to the Gulf Coast and export markets. As a result, consumers in the
Midwest could be paying 10 to 20 cents more per gallon for gasoline and diesel
fuel. These additional costs (estimated to total $2–4 billion) will suppress other
spending and will therefore cost jobs.

http://www.ilr.cornell.edu/globallaborinstitute/research/upload/GLI_KeystoneXL_Reportpdf.pdf

Gee I'll bet it creates more jobs than did Solyndra.

 

[tinydancer]

The main reason for the Keystone pipeline is to raise prices of oil in the midwest, which would be a job killer for Americans.

You will be providing a link to this information correct?

sure,here ya go:

https://www.neb-one.gc.ca/ll-eng/li...ecision.pdf?nodeid=604637&vernum=0&redirect=3

If you don't have time to read the whole thing you can scroll down to page 21.

How did our other Keystone pipelines raise your price of oil and kill jobs?

 

[tinydancer]

The main reason for the Keystone pipeline is to raise prices of oil in the midwest, which would be a job killer for Americans.

You will be providing a link to this information correct?

sure,here ya go:

https://www.neb-one.gc.ca/ll-eng/li...ecision.pdf?nodeid=604637&vernum=0&redirect=3

If you don't have time to read the whole thing you can scroll down to page 21.

Ok Sparky I'll put up the data for you. Oh and by the way where were you, Darryl Hannah and all the other ecotwits when the other pipelines were being built?

Google and wiki are your friends, but I'll help you out anyway. From wiki:

The Keystone Pipeline System is a pipeline system to transport synthetic crude oil and diluted bitumen ("dilbit") from the Athabasca Oil Sands in northeastern Alberta, Canada to multiple destinations in the United States, which include refineries in Illinois, Cushing oil distribution hub in Oklahoma, and proposed connections to refineries along the Gulf Coast of Texas. It consists of the operational "Keystone Pipeline" (Phase 1) and "Keystone-Cushing Extension" (Phase 2),

and two proposed Keystone XL pipeline expansion segments. After the Keystone XL pipeline segments are completed, American crude oil will enter the XL pipelines at Baker, Montana and Cushing, Oklahoma.[1]

Calling Darryl Hannah? Where were you?