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Job Creation From the Keystone XL Pipeline

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    Is delaying Keystone XL Pipeline decision hurting job creation?

  • Duration 5:19
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Let's churning out to a different subject as I mentioned a moment ago the keystone.

XL pipeline which would provide.

Oil.

From Canada to the United States all the way down to refineries in Texas.

Has been held up Bob by the Obama administration notwithstanding.

A -- you know.

Thorough review by the State Department and other agencies as to the environmental impact.

-- now to talk about it is Nicholas -- -- a policy analyst at The Heritage Foundation and Nicklaus thanks for being with us first of all how much.

Oil would be provided how many barrels per day.

By this pipeline once completed.

700000.

To 830000.

Barrels per day so you're talking about a significant chunk of oil from.

Our neighbor to the north and they're already are -- largest supporter of oil so why wouldn't we want more from them how many jobs per day.

The State Department says that 6500 jobs a trans Canada that a corporation that's building a pipeline has commissioned a study that says 20000.

Truly shovel ready jobs bail include not only the construction of the pipeline.

But also the manufacturing of the pipeline which the Department of State doesn't include -- -- him out thousands of jobs well.

And then I read here -- he and I believe this is from your website.

The Canadian energy research institute estimates the current pipeline operations in the addition of keystone.

Would create.

A total of 179000.

American jobs by 2035.

Is that accurate.

That vetted and if you think about all that indirect jobs created as a result you know though that people need to stay in hotels the restaurants that benefit from the construction of the pipeline.

There -- that tens of thousands if not hundreds of thousands of indirect jobs and you can see that.

In states that are producing more energy already today Pennsylvania has had.

A boom in job production as a result of their shell gas production and look at North Dakota -- -- glut of oil production and there unemployment rate is at two and a half percent right now.

But if it doesn't go to the United States where would -- -- will go -- other words if we reject the pipeline one happens yet.

Eight and it's certainly not going to -- in the ground despite what environmental activist won and that's why they're trying to set the pipeline down by.

The Canadian prime minister and trans Canada and other Canadian companies have already said that.

They're gonna start pushing this into Asian markets which means it's going to go across Canada.

Over in tankers and refined in less regulated Chinese markets say if you're tight and I'm bimetal impact if it goes to China as opposed the United States that's certainly not a net win for the environment.

You know look on those who are concerned it.

-- mostly environmentalists but others.

Point to a couple of things first of all they worry that.

There could be leaks into nearby opera -- is that.

Provide you know drinking water and other water sources.

To lots of -- people and wildlife and second of all.

They worry about the carbon dioxide emissions.

And what's your response to that.

Well first on the water out -- -- up obviously that is a concern but it should be noted that there's thousands of miles of pipeline -- already run over the water are -- and the Department of State is thoroughly investigated.

A number of routes and found that this would not pose a thing.

Significant threat if the threat at all -- the water off -- And if that's the case the on the side while they start the construction of the pipeline.

When it comes to carbon dioxide emissions again the Department of State has conducted a three year environmental review and they found that that CO2 emissions -- the result.

Getting more oil from Canadian tar sands is marginal compared to where we already get our oil from -- Clinton Venezuela so.

That's -- -- a concern if CO2 is a concern what's I don't necessarily think it is if you look at climate gate.

And it ended the number of other things that -- CO2 isn't as much of a threat as some environmental -- purported to be.

Yeah I mean obviously after the BP oil leak in the gulf there is grave concern about all kinds of oil leaks.

-- look.

That this is not on the ocean floor.

Which is difficult to reach for repairs but rather it's you know it's just.

Underneath the surface.

-- -- -- -- Landing and it would be equipped with thousands of sensors to monitored just not just the the pressure but to detect leaks right.

That's dragnet and all -- transporting oil through pipelines is fundamentally -- Safest and most efficient way to transport oil and not to mention that 21000 sensors the pipeline would have but it -- also met.

57 and S Department of State specific requirements safety and environmental requirements.

To commence construction of the pipeline so this is going to be safe and if we don't build it we're gonna be shipping more oil cross in the Middle East in tankers -- is a must much less efficient way of transporting oil.

And I had a higher probability of -- -- a pipeline.

Slide Nicholas.

Lawrence thank you so much for being -- this good data good insight thanks very much good luck thank you.

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