Oil and Gas Today with Chris Faulkner Podcast #435

Mr. President, pick up the pen and let’s get to work.   The State Department has issued a much-awaited study on the Keystone XL pipeline. It found that there would be negligible effect on climate change — the president’s only expressed reservation about the project, which would create thousands of construction jobs and generate billions in tax revenue.

In fact, the study concluded that if the pipeline from Canada is not built, it could result in a significant increase in greenhouse gas emissions. That’s because the alternative means (trucks, rail, etc.) of transporting the fuel — which Canada says will be pumped no matter what — are more carbon intensive than a pipeline.

But by all means, let’s hear more talk about this being the year of action with heroic penmanship and red tape cutting. Because it appears talk is all we ever get from this President.

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