Friday, November 06, 2015

9 Reasons Why Obama Just Made Wrong Decision on Keystone Pipeline

by Nicolas Loris 

It took President Barack Obama only 2,604 days to reject the permit application for the Keystone XL pipeline.

“America is now a global leader when it comes to taking serious action to fight climate change,” Obama added. “And frankly, approving this project would have undercut that global leadership.”
Former Obama administration Secretary of Energy Stephen Chu hit the nail on the head: “The decision on whether the construction should happen was a political one and not a scientific one.”

Here are the top nine reasons Obama is wrong on Keystone XL.
  1. Jobs and economic growth. Opponents will minimize the job numbers, saying that the pipeline will create only “a handful” of permanent jobs—and that’s correct. In his speech Obama said, “So if Congress is serious about wanting to create jobs, this was not the way to do it.” But here’s what that argument misses: the tens of thousands of construction jobs that the pipeline project will create. In fact, simply building the southern portion—which didn’t need Obama’s approval—has already created 4,000 construction jobs. And if opponents are dismissive of Keystone XL, they should be dismissive of all construction projects, as they’re all temporary—because they’re construction jobs. Further, Keystone XL would add economic value, transport an important energy resource efficiently, and result in billions of dollars of tax revenue for states it runs through.
  2. Stable supply of oil from an important trading partner that will lower gas prices. The pipeline would carry up to 830,000 barrels of oil from Canada to the Gulf Coast, where U.S. refineries are already equipped to handle heavier crudes. The pipeline will efficiently provide supply from a secure source and a friendly and important trading partner. Contra Obama’s claim today that “the pipeline would not lower gas prices for American consumers,” increased oil supplies will lower gas prices, though the impact may be small.
  3. Safest mode of getting oil and gas to Americans. Many in the United States live near a pipeline without even knowing about it. America has more than 500,000 miles of crude oil, petroleum, and natural gas pipelines and another 2 million miles of natural gas distribution pipelines. When it comes to accidents, injuries, and fatalities, pipelines are the safest mode of transporting oil and gas.
  4. Environmentally safe. It was Albert Einstein who said the definition of insanity is “doing the same thing over and over again and expecting different results.” The State Department must be teetering on the edge of insanity, because after multiple environmental reviews concluding that Keystone XL poses minimal environmental risk to soil, wetlands, water resources, vegetation, fish, and wildlife, the Obama administration still rejected the permit application.

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