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Oil Sands and the Economy

• Posted Jun 19

On Friday the Department of State ordered yet another study of the Keystone pipeline extension. This review was triggered by TransCanada's renewed application for a presidential permit, which they filed on May 4, and is a critical step in the final federal review process for the project.

"The Keystone XL pipeline will be the safest, most advanced pipeline ever built in North America and no one has a stronger interest than our company and our employees in ensuring that it operates safely and reliably for decades to come," said Russ Girling, TransCanada's president and chief executive officer.  (Nebraska.tv)

A decision is now expected Keystone XL by the first quarter of 2013. By the time a final decree is made, Keystone XL will into its fifth year of studies.

As a reminder, here’s an excerpt from a blog post on EnergyTomorrow.org showing the Keystone XL pipeline by the numbers:

• 10,000 - U.S. jobs that TransCanada says would be created immediately if the project is approved.
• 20,000 - U.S. jobs that would be created during the pipeline's construction.
• $775 billion - Economic benefit to the United States by 2035, with full development of Canada's oil sands.
• 4 million - Barrels of oil per day from Canada that could come to the U.S. by 2020, facilitated by the Keystone XL, or twice what currently is imported from the Persian Gulf.

Need more? Watch this video from ExxonMobil—the Keystone Pipeline will create jobs, while providing secure and reliable energy to North America:

Tell President Obama: Approve Keystone XL

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