A new government report found that the Keystone XL pipeline will be safe and will not harm the environment. It will most likely be safer than transporting the oil via rail or tanker. Yet for some reason the Obama administration released the report on a Friday afternoon as if it was bad news.
In Washington, a presidential Administration releases news it doesn’t like at 5 p.m. on Fridays. So it pays to pay attention when everyone is leaving work for the weekend.
Late last Friday, the State Department released a positive environmental review of the Keystone XL pipeline. President Obama has been delaying this pipeline—which would carry oil from Canada to refineries in Texas—for more than three years.
The radical environmentalists want to stop the pipeline even though it is better for the environment than the alternatives.
All told the oil sands contribute a mere 0.01% of global carbon emissions, and if that sort of thing bothers you, Canada is offsetting that with carbon-reduction policies elsewhere. State’s report concludes that the pipeline would result in “no substantial change in global greenhouse gas emissions.”
If the Alberta oil doesn’t flow south to America via the Keystone XL, it will flow west to China via other pipelines or rail. It will also flow to the Gulf Coast by other means, including pipelines and rail to East Coast ports, and then via tankers in the Atlantic and around Florida. Keystone XL will have a smaller “carbon footprint” than these alternatives.
As for the danger of spills, the high-tech pipeline will be buried underground and contain valves that allow for rapid detection and shutoff. The environmental risk is arguably greater on a tanker. Even if the oil sands were shut down entirely, Gulf Coast refineries would merely use the similarly heavy oil from Venezuela, also shipped via tankers.
Not only will the pipeline be good for the environment, it will also be great for the economy.
Thus the issue is not whether the oil will flow but how much Americans will benefit. A rule of thumb is that for every dollar of imported foreign oil, North America receives about 10 cents of the economic benefit. The Venezuelans, Saudis and others get the rest. The benefit from oil produced in North America is roughly 80-90 cents of each $1. This includes the cost of producing and transporting the oil, and the ancillary jobs and sales that flow from it. The Keystone XL has also reserved space for about 250,000 barrels a day of oil produced in the U.S., which means a new and environmentally safer outlet for oil from the booming Bakken fields of North Dakota. (Read More)
Well, nobody ever accused the radical environmentalists of being supportive of economic growth.
In short, these people oppose the pipeline which will be good for the environment and the economy because they’re goal is to send us back to the dark ages. They’re the same people who are opposed to hydraulic fracturing (fracking) for natural gas. Like President Obama on the pipeline, New York Governor Andrew Cuomo has been dragging his feet on fracking for years now to appease the radicals. In the mean time, Americans and New Yorkers continue to suffer in this dismal economy and the inaction of these progressive leaders simply prolongs the suffering.