Oil and Gas Today with Chris Faulkner Podcast #432

If President Obama rejects the Keystone XL pipeline, he will set a precedent with potentially devastating impacts for mainstream environmentalism.

The Keystone XL pipeline, if approved, would transport oil from the tar sands in western Canada to a hub in Nebraska, then connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to refineries in Texas

The State Department report indicated that the project was not likely to have major environmental impacts given that the Canadian tar sands are likely to be developed with or without the pipeline.

Delaying and possibly not approving the Keystone XL can and will negatively impact U.S. Energy Security and the economy, have insignificant impact on world CO2 emissions, and possibly damage the important relationship with Canada . . . without the Keystone XL the negative impacts will continue to exit and could increase.”

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