Over the past six months, the Keystone XL Pipeline’s prospects have oscillated between probable and unlikely. The current rumors surrounding this project suggest that Obama is going to bow to the insatiable wing of his Party, the Greens, and delay the Keystone pipeline until after the 2012 election.
This is a huge mistake.
TransCanada has said they will scrap the desperately needed construction project if it is delayed another year—the pipeline has already been pending for three years. With unemployment lingering around nine percent, the country can ill afford to scuttle this economic stimulus.
Drawing an arbitrary line in the sand, environmentalists threatened to Al Gore (support a third party candidate or sit out the election) Obama if he doesn’t kill this project. Bucking the facts and the American public, preliminary reports suggest that Obama has caved to pressure from the far Left.
The three false claims environmentalists are making about the Keystone Pipeline are easily refuted.
Claim 1: Building the pipeline will increase global emissions and harm the environment. The State Department has said that constructing the Keystone pipeline will result in “no significant impacts to most resources along the proposed Project corridor.” Furthermore, it is now possible that TransCanada will simply build a different pipeline to the Canadian coast and ship the crude Alberta oil to be refined in China. Whether or not Obama allows this pipeline to be built, the Canadian oil will be extracted, transported, and used.
Claim 2: The pipeline endangers the public. America is literally covered in pipelines. The easiest way to transport the enormous amount of oil needed to power our economy is through an infrastructure of pipelines. Trucks and boats, while utilized, cannot carry nearly as much oil or gasoline and are also susceptible to accidents. Until America has moved to a fully electric fleet (don’t hold your breath), pipelines are here to stay.
Claim 3: Keystone codifies the U.S. “addiction to oil.” Killing the Keystone Pipeline will do nothing to supplant the amount of oil Americans consume. EIA has predicted that U.S. daily consumption will increase to 21.9 million barrels of liquid fuels (nearly all of which are oil based) by 2035, a rise from about 19 million barrels per day in 2009. With the Keystone Pipeline now gone, the U.S. will have to import more foreign oil.
Here are all the economic gains Obama is needlessly jeopardizing.
Once again, this President has put his re-election ahead of the country.