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Keystone Pipeline Case Study

1248 Words5 Pages

The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. The pipes pass through North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Oklahoma. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. The two parties in debate over the pipeline’s border crossing are the U.S. government and TransCanada. TransCanada is one of the continent’s largest providers of gas storage and related services. The company shares they are a leader in the responsible …show more content…

For example, after the BP oil spill the company 's stock value declined 34%, eliminating $96 billion of their company value. (Amadeo, 2015) Due to the lower supply and continued high demand, the price increases. Higher crude oil prices directly affect the cost of gasoline, home heating oil, manufacturing and electric power generation. (Amadeo, 2016)The increased cost impacts all Americans and the economy. However, companies claim that the economy can improve if there is an environmental disaster. For example, JP Morgan Chase said the BP oil spill on the Deepwater Horizon oil rig created 4,000 jobs through the cleanup process and paid $6 billion for their labor. (Amadeo, 2015) Although some companies claim spill disasters can help the economy, they are not accounting for the long term effect of the spills on wildlife habitats and how that will impact the economy in the next …show more content…

Both party members’ votes are easily swayed depending on whether they are seeking reelection the next year. Regardless of congress’ vote, the President continues to veto the bill. Supporters advocate that construction will give us access to more oil as we wait for renewable energy source technology to catch up to our country’s need. In addition, supporters claim the money spent on food, lodging, and transportation during construction will bring meaningful benefits to pipeline states. These proposed benefits do not help the overall economy in the long run. The Keystone XL Pipeline is a transmitter for Canadian oil to be sold across the world. Land and nearly all risks lie within the U.S. yet there is no significant benefit to the economy. There is too little to gain and too much to economically risk by allowing the construction of the XL

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Canada should not allow The Enbridge Northern Gateway Pipeline to go through as it poses to many environmental and ecological risks. Pristine areas across central and northern BC, including the Great Bear Rainforest, are under threat if the Enbridge Northern Gateway Pipeline is put into service. In the end, the concerns over the BC pipeline outweigh the possible benefits the pipeline may result in. The Canadian oil and gas company Enbridge, proposed the Northern Gateway project as a solution to transport 525,000 barrels of crude oil per day.

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The environmental argument is coming from a clash over the fact they are basically stripping the canadian boreal forest, the path of the pipeline extends across major aquifers, and pipelines tend to leak and destroy surrounding environments. In addition ccording to The Center for Climate and Energy Solutions State, “epartment’s draft SEIS found that oil from the Canadian oil sands is 17 percent more carbon-intensive than the average oil consumed in the United States... It is estimated that the U.S. greenhouse gas footprint would increase by 3 million to 21 million metric tons per year, or around 0.04 percent to 0.3 percent of the 2010 levels, if Keystone is built. Fortunately on November 6, 2015, President Barack Obama’s administration rejected the Keystone Pipeline XL after 7 years of dispute. As mentioned in the Wall Street Journal, Obama stated “the project would not have lowered gas prices, improved energy security or made a meaningful long-term contribution to the economy

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