There is one thing the United States and Canada has more of than pictures of Kim Kardashian’s butt; oil and gas. I list several reasons to get the Keystone pipeline built. The Keystone Pipeline is key to sustainable economics. Vetoing this is just an anti-growth, ignorant policy that the left is drooling over. But the truth is that this pipeline supports environmental CO2 emission goals, middle class families, and the economy.
Now that Republicans are making fast progress sending a bill through for the Keystone Pipeline Obama is threatening to Veto it. Here’s his own words in the video below. Does he sound like someone who is totally incapable of understanding this? or is it just me. He seems shocked that it is even coming up. Do you know where the oil is going to go? To the gulf coast of Texas. Know what is there? Our oil infrastructure. Our refineries.
This is what Obama clearly doesn’t understand. The Keystone Pipeline is a great opportunity for America.
1. It would create tens of thousands of jobs. Unlike the stimulus’ shovel-ready jobs, these are real and they are ready today. That would put unemployed americans to work with good, high paying jobs.
2. If we don’t get some kind of deal done with the Canadian oil producers, we risk them selling the oil to Asia, not us. It would be a huge mistake not to get this done for geo-political reasons. We should aim at becoming a continent that is energy independent. Especially with the risks in the middle east and our failing Russian policies. It would be a huge mistake to count on geopolitical peace to ensure we have energy. Not to mention how flat out rude it would be to our hockey-loving and peaceful Canadiens.
3. It is safer to transport oil in a pipeline than to send it by train or trucking it. Trains and trucks go through towns and near people. They are more likely to get into accidents and put lives at risk. Pipelines are extremely safe and it would be better for the safety of Americans. Ironically, the same party that is threatening a veto for this pipeline was the party that was pushing for pipelines to be built decades ago because they claimed trains were not safe enough.
4. The environmental impact of building the pipe itself is minimal. Environmental studies have been done and have concluded this is not a real issue.
5. Stopping the pipeline will not help reduce greenhouse gases. Changing the transportation channel will do nothing to the demand for oil. In fact, supporting the fracking industry would be good for the environment. Fracking is the primary cause for America’s Co2 output reduction. Fracking has produced tons of natural gas at very low prices and has made great progress replacing coal. Every time a plant converts from coal to natural gas, its Co2 emission are cut in half. Because of fracking and domestic oil production the US is on track to reduce its total greenhouse gas output by 12%. In stark contrast to the struggling regulatory efforts. Don’t believe me? Read this article from Bloomberg.
6. The pipeline could help the middle class economically. Lowering the cost of transportation of oil with the pipeline will support fracking. Natural gas is a byproduct of fracking with a marginal cost near $0. That means consumers get a very inexpensive clean fuel to heat homes, make electricity, and potentially power other things. This savings is both good for the environment and for middle class wallets allowing families to save more for retirement and education while increasing consumer spending now.
7. Free market energy producers have produced all of these benefits. Not the government. The markets should work and solve these serious problems. While the wind and solar industries have been supported with billions of dollars of our money (government money is our money) they have little to show for progress creating jobs and saving the environment. In contrast, the often hated energy companies are not only creating jobs and opportunities for American’s to better themselves, they are reducing C02 outputs and paying billions in taxes to the government.
Obama has every reason to pass this bill into law. The middle class benefits by having cheap energy and job creation. Environmentalists should be thrilled with such a huge reduction in Co2 and taxpayers should prefer that companies pay into the system, not be supported by it. We should all be begging for this pipeline to be built. It may not be the solution in 100 years, but it is the biggest step forward this country could make in the short term.
The bottom line: The Keystone Pipeline is key to sustainable economics and we should be pushing on the left to approve it.