Upgrade the physical layer of infrastructure.
E
You're not getting it. Producing more oil domestically doesn't lower the price domestically.
How did you reach that conclusion?
You gots ta read the whole post, Son. It's all there.
You are begging that question and is usually considered a fallacy.
Why would greater domestic availability (supply) not affect domestic markets (demand) in some manner?
Because Keystone XL isn't for domestic consumption.
Could it be? Wouldn’t that be good for us?
The oil belongs to Canada and the Chinese not the US.
Wake up and smell the coffee boyos!!!
The Keystone pipeline and the Keystone XL extension is an important element to help secure a future for North American energy independence.
setxind.com
As a fourth-generation Oklahoman, I know the importance of the oil and gas industry to the state and region. Killing the Keystone XL pipeline does no tangible good and will doubtless cause harm to countless Americans, and even to the environment that the decision pledges to protect. Throughout...
news.yahoo.com
Mike Hunter is an idiot.
"Mike Hunter
February 23, 2021·3 min read
As a fourth-generation Oklahoman, I know the importance of the oil and gas industry to the state and region. Killing the Keystone XL pipeline does no tangible good and will doubtless cause harm to countless Americans, and even to the environment that the decision pledges to protect.
Throughout my career, I have worked in the industry at almost every level: first, as a roustabout in college to help pay my way through school, then as an attorney in the private sector and general counsel to the state’s oil and gas regulator. Now, as attorney general, one of my most important responsibilities is protecting the state’s economic activities from unlawful federal intrusion.
In Oklahoma, oil and gas production employs thousands, pumps millions of dollars into local economies, and creates billions of dollars in economic activity. The same is true for many states across the country.
- ADVERTISEMENT -
Keystone has led to thousands of good-paying jobs, now snuffed out with the stroke of a pen. Again, the impact will be felt not just in Oklahoma: The pipeline here increases the transport of oil to Cushing, one of the largest transshipment and oil-storage locations in the world.
In response to the president’s decision, lawmakers have introduced legislation to mandate continuation of the project, estimating that the pipeline’s expansion would create 11,000 “direct high-paying jobs” and “up to 60,000 indirect and direct jobs.”
Indeed, by revoking Keystone’s permit, President Biden is relegating these workers to the unemployment line, when our country can ill afford to strain our already overstressed unemployment system."
The jobs numbers were the first lies to fall in 2011.
It would create 2,000 temporary jobs and 50 permanent jobs and most of those would be in Canada. Shovel your bullshit elsewhere.
You're right.. although 50 permanent jobs is a bit on the high side.
How the keystone pipeline benefited America
The Keystone Pipeline is a hot topic in the United States for various reasons but the economic impact is indisputable. See why in this article.
setxind.com
The Pros.....of the Keystone Pipeline
1. The Keystone Pipeline can be a major job creation project.
The US State Department has estimated that the construction of the pipeline project could create up to 42,000 jobs over a two-year construction period. Most of these jobs would be considered temporary, but about 38,000 of them would be considered support jobs, such as food service. About 35 permanent jobs would also be created with this project.
2. The Keystone Pipeline can be a major economic contributor.
It is believed that the Keystone XL pipeline has the potential to contribute more than $3 billion annually to the US economy once it become operational. It would also create an estimated $2.4 billion (in US dollars) for Canada, which would be split between the government, shareholders, and company reinvestments. It would also allow Canadian producers to receive up to $2 more per barrel from the tar sands oil.
3. It would re-establish the Alberta oil sands sector for Canada.
The oil price slump from 2014-2016 has taken away more than 35,000 local jobs in Alberta that contribute or support the extraction of petroleum. This has created a revenue deficit of nearly $1 billion, with the required shutdown from the wildfires that destroyed the region. Completing the Keystone XL pipeline would provide more support for this sector and establish sales that could restore many of the local jobs.
4. It creates a reliable product for Gulf Coast refiners to process.
The refiners in the US who would be processing the tar sands oil would also benefit from this project’s completion. Their current products come from suppliers that are considered to be “less than reliable,” according to a report from Reuters. Instead of relying on product from Mexico or Venezuela that may or may not come in, Keystone offers a daily refining option that can support US jobs.
5. It makes the Canadian economy more efficient.
The oil industry in Canada is responsible for 1/6 of the nation’s economy. The issue that Canadians face with their oil is that there are several transportation constraints due to the location of their petroleum reserves. This has led to a consistently high cost of production. With Keystone, Canadian producers can raise prices because the quality of the petroleum will be better while they are able to cut into their overhead costs at the same time.
6. The amount of emissions added to the atmosphere from Keystone XL are negligible.
At full production, the EPA believes that the Keystone pipeline will add about 19 million metric tons of atmosphere annually to the atmosphere. This figure is in comparison to conventional oil production. In 2011, the US was responsible for about 5.5 billion tons of carbon pollution, which was second only to China’s 8.7 billion tons of carbon. This means the increase would amount ot less than 1% of the totals already produced.
7. Pipeline transportation is safer than other methods.
TransCanada has essentially said that they are going to process tar sands oil whether the pipeline extension for Keystone is built or not. This product can be transported by rail and other options, but the pipeline is the safest method of transportation. In a world where the tar sands oil is going to make it to its destination one way or another, it is usually the best option to choose the safest method of transportation. In this instance, its Keystone XL.
8. It isn’t a full pipeline project.
The Keystone pipeline already exists in a completed state. At the moment, it delivers tar sands oil to the Midwest. The goal is to extend the pipeline down to the Gulf Coast to increase potential processing capacities with an asset that already exists. The reputation of the Keystone pipeline is already a proven commodity with a history that can be verified independently.
9. It promotes US oil development in addition to supporting Canadian development.
Part of the oil that will be shipped through Keystone XL will come from the Bakken Shale formation, which is located in Canada. This means US jobs in the oil industry will be supported at the same time the project is supporting Canadian jobs.
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