Nebraska Gov. Dave Heineman has approved his state’s portion of the Keystone XL pipeline, explaining that its revised route avoids areas that critics had earlier claimed were environmentally sensitive.
The Alberta-to-Texas pipeline would create more than 5,500 Nebraska jobs during its construction period and support 1,000 permanent jobs through 2030. During the project’s lifetime, KXL would generate $950 million in labor income, $130 million in property, sales and other state and local taxes, and $679 million for the state’s gross domestic product, by bringing Canadian oil sands petroleum to Texas refineries.
President Obama’s second term agenda, continued viability of Medicare and Social Security programs, and America’s economy and environment need the pipeline and oil even more than Nebraska does.
The pipeline and Alberta petroleum could mean $45 billion per year by 2035 in increased goods and services, up to 465,000 more jobs in the 2,000 American companies that already support oil sands operations or utilize the hydrocarbons in motor fuel and petrochemical manufacturing – and billions in annual state and federal tax revenues. While all fifty states would realize employment and economic gains, California, Illinois, Wisconsin, Texas, Ohio, New York, Montana and Michigan would benefit most (in that order) from this job and economic activity, the Canadian Energy Research Institute calculates.
Canada has an estimated 169 billion barrels of oil sands fuel that can be recovered economically with today’s technology – 20% by mining and 80% via in situ drilling and steam injection. Much of this oil is destined for the United States via the KXL pipeline, to replace similar heavy crude that we now import from Mexico and Venezuela, and oil from other nations that have much lower environmental standards and far worse human rights records than Canada, including Saudi Arabia, Nigeria, Russia, Iraq and Algeria.
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