XL Pipeline Delay Costs the United States $70,000,000 Daily
The XL Pipeline will be essential to securing the future of oil security in the United States. According to the US State Department, the pipeline will deliver 700,000 barrels of oil daily to consumers. This will generate enormous revenue in local communities and create 20,000 American jobs. With the current price of WTI crude hovering at the $100 mark, the pipeline will deliver $70,000,000 worth of oil every single day, helping the United States grow and prosper.
However, the Obama administration has delayed its decision on the pipeline until after the election. According to Bloomberg, this means that the pipeline will not be completed until at least 2015. Had the pipeline been given the green light this November, thousands of valuable construction jobs would have been immediately created and in 2013 the pipeline would have come on stream. But instead this administration prefers to export jobs and US dollars overseas, squandering $70,000,000 per day.
Posted on December 14, 2011, in Political economy, United States and tagged Barack Obama, Keystone Pipeline, Keystone XL pipeline, November, Obama administration, Political economy, Republicans, United States, United States, United States Department of State, White House. Bookmark the permalink. 2 Comments.