No Downside to XL Keystone Pipeline

According to an economist for the largest U.S. trade association for the oil and national gas industry, jobs may not be the only reason why President Barack Obama should approve the Keystone XL pipeline.

For every dollar the U.S. would spend buying Canadian oil, Rayola Dougher, senior economic advisor at the American Petroleum Institute (API), says Canada would spend 90 cents buying U.S. goods and services.

“Crude is going for about $100 a barrel or so. So just imagine

700,000 barrels a day, initially, at $100 a barrel, and then 90 percent of that money coming back to the United States,” she poses. “You very rapidly can get to about 500,000 jobs within the next 20 years or so.”

Merely building the pipeline would create upwards of 20,000 jobs. And as Dougher goes on to point out, the Keystone XL pipeline would give America half of what it currently imports from the Persian Gulf.

As for the environmental concerns that have delayed the Keystone XL pipeline, the API senior economist says Canada will look to China if the U.S. rejects the pipeline, which would pose a bigger threat than any one pipeline.  OneNewsNow

About the Author

Karl Gotthardt - Politisite Managing Editor Maj. Gotthardt is a Retired Military Officer with 35 years service in the Canadian Armed Forces. He spent most of his time in the Military in Infantry Battalions. Karl took part in training for Afghanistan as an Operator Analyst with the Canadian Maneouvre Training Centre. Karl is a qualified military parachutist and military free fall parachutist. He earned his U.S. Master Jump Wings in Fort Benning, Georgia. Karl enjoys working with horses for the last 24 year. He owns six. He has experience in breeding, training and of course riding.Karl was born in Germany and is fluent in both English and German and he speaks enough French to "get in trouble". Karl has written or writes at NowPublic, All Voices, Tek Journalism and many others.

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