how does the us benefit from the keystone pipeline

The Keystone Pipeline

Would Create Lower Prices One of the best reasons to seek North American energy independence through the Keystone Pipeline is that it would result in much lower oil prices and provide a significant economic advantage to the United States. An example of this can be seen in Venezuela.

Full Answer

What would be the dangers of the Keystone Pipeline?

The Keystone XL pipeline would carry 900,000 barrels of dirty tar sands oil into the United States daily. The water used to extract the oil from the tar sands becomes a danger to people, animals, and the surrounding land. The process produces toxic by-products including bitumen, from sand, silt, and clay.

What will be the effects of the Keystone Pipeline?

Ultimately, construction of the Keystone XL Pipeline could have detrimental effects on the environment, such as the destruction of ecosystems, the loss of habitats, and the pollution of nearby rivers. But proponents of the pipeline state that the economic benefits the construction process can have on the economy is much needed.

What are facts about Keystone Pipeline?

Quick Facts

• Keystone XL 329 miles (529 km) in Canada (Hardisty, Alta., to Monchy, Sask.)
• 840 miles (1,351 km) in the United States (Phillips County, Mont. to Steele City, Neb.)
• 36-inch diameter pipeline Capacity of 830,000 barrels per day

What is going on with the Keystone Pipeline?

Studies have linked leaks from oil sands pipelines like Keystone XL to significant degradation of nearby land and water resources. A major concern is tailings ponds, the product of toxic waste from mining in the tar sands that can sicken communities and wildlife that depend on the land to survive.

What were the benefits of the Keystone pipeline?

The Keystone XL Pipeline will contribute to energy security, create tens of thousands of high-quality employment and local contracting opportunities as well as provide a substantial economic benefit to local communities across Canada and the United States.

What is bad about the Keystone pipeline?

No matter how you look at it, Keystone XL would be bad for wildlife, especially endangered species. Many imperiled species live along the proposed pipeline's path and in areas where tar-sands oil is produced. If the pipeline were built, it would decimate habitat these species rely on.

How does the Keystone pipeline affect the economy?

The project will support tens of thousands of jobs, providing economic benefits on both sides of the border, nationally and locally to communities along its route. The Keystone XL Pipeline is a critical piece of North American energy infrastructure.

Why the pipeline was a bad idea?

The same fossil fuel interests pushing the Keystone pipeline have been cutting, not creating, jobs: Despite generating $546 billion in profits between 2005 and 2010, ExxonMobil, Chevron, Shell, and BP reduced their U.S. workforce by 11,200 employees over that period.

Why did they shut down the Keystone pipeline?

On November 6, 2015, the Obama administration rejected the Keystone XL pipeline project, citing economic and environmental concerns. Financial commitment towards completion of the pipeline was weakened by a number of technological factors as well.

Root of The Problem

More Production, But Higher Costs For Americans

• Even if the pipeline was already built, it wouldn't help with the price at the pump, Nemet added, noting that the U.S. has already doubled its oil production over the last 15 years. "And yet, we still have $100 per barrel oil." With inflation soaring, gas prices have been increasing for months — hitting an average of $4.33 a gallonon March 11, acco...

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