Here’s is an interesting article which points out reasons why the Keystone pipeline was a bad deal all along. Of course this is contrary to Bob’s article and point of view expressed in his blog earlier today, but in an effort to be fair and balanced I thought it was worth posting. This decision was clearly not an easy one for the president.
If you don’t have time to read the article here is a brief recap.
TransCanada made it known that most if not all of the extracted and refined oil from the pipeline would be exported and sold over seas not kept in the United States.
Currently their are Canadian oil reserves stored in the midwest and part of the pipeline deal was that TransCanada could drain these reserves and export them which would raise gas prices in the United States especially in the Midwest.
The original TransCanada permit application stated there would be a peak workforce of 3,500 temporary jobs.
The current Keystone pipeline in Canada leaked twelve times last year.
Nebraska Republican Governor Heineman opposed the pipeline because the proposed route of the pipeline was to run through an aquifer in the state that supplies clean drinking water to 2 million Americans plus water for the agriculture industry. His reasoning was does it make since to create 3,500 temporary jobs when even a minor spill near the aquifer would jeopardize more jobs not to mention the health of the citizens of his state.
I’m not saying the pipeline is a bad idea, but I have no problem with the Obama administration taking their time to consider this project carefully. Have we already forgotten our frustrations watching video day after day of the Gulf Oil spill releasing oil into the ocean ?