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Mail
Magazine 24...
Keystone XL Pipeline
Delay Costs the United States $70,000,000 Daily
by IER
The XL Pipeline will be essential to securing the future of oil
security in the United States. According to the US State Department,
the pipeline will deliver 700,000 barrels of oil daily to consumers.
This will generate enormous revenue in local communities and create
20,000 American jobs. With the current price of WTI crude hovering at
the $100 mark, the pipeline will deliver $70,000,000 worth of oil every
single day, helping the United States grow and prosper.
However, the Obama administration has delayed its decision on the
pipeline until after the election. According to Bloomberg, this means
that the pipeline will not be completed until at least 2015. Had the
pipeline been given the green light this November, thousands of
valuable construction jobs would have been immediately created and in
2013 the pipeline would have come on stream. But instead this
administration prefers to export jobs and US dollars overseas,
squandering $70,000,000 per day.
Source: instituteforenergyresearch.org
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