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Keystone pipeline introduction
Keystone pipeline introduction
Keystone pipeline introduction
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Keystone Pipeline XL The need for energy and resources pertaining to the United States is an inevitable concept that has caused much confusion and debate, especially over the last several years with the economy struggling to thrive. There are many ways to solving this problem of confusion, but perhaps the most debated at this point and time is the decision whether or not to build the Keystone Pipeline XL. The Keystone Pipeline would solve many of these problems and bring economical peace to the United States through distribution and refining of the oil. Even though there are many hesitations about the completion of the Keystone XL pipeline, it should be built because it would create new economic growth, make the United States less dependent …show more content…
more accessible to refineries and less dependent on foreign countries for all the oil needs that go on in the nation (Kalen 2). There are major political implications that come along with the Keystone Pipeline XL project. The Obama administration is trying to achieve economical security through having a secure and efficient energy plan for the United States. The original application for the pipeline project was submitted in 2008, and since it crossed the border of the United States, it needed presidential permits for the work to begin (Kalen 3). The project was supposed to be an addition to the already existing Keystone Pipeline. The political side of this project is what seems to be holding it up the most where the state department needed to have the EIS or the Environmental Impact Statement rendered to make the decision (Kalen 4). This information clearly shows that the major factor in this project is mostly politically motivated by what each party can get from either approving or denying the project. This specific project got caught up in the political spectrum and got the motivation to become a highly heated public debate because of politics. Once Barrack Obama declined the application, citing insufficient time for this is when the debate really got …show more content…
The demand is so high and has such great effects that many people are frustrated for the project not being passed yet. Although gas prices are not projected to significantly decrease, national security would be more stable and the United States would become less dependent on foreign countries with weaker economies than that of the United States. There are factors that help decide the gas prices. The United States as of now does not have control of these conditions. The United States is trying to through the Keystone project gain some control of fuel prices and economical costs of energy. With a major holding spot for the crude oil that is being transported from Alberta, Canada to the United States being in
Cushing, Oklahoma there have been ties to this specific holding spot having surplus amounts of oil that have actually helped lower the gas prices in the central United States (Slade 41). The statistics show very promising results if the project were to be completed and that gas prices would inadvertently drop. A definite long term benefit of the Keystone project is the heightened national security that will be brought with the completion of the
“Urge the Senate to Stop the Risky Keystone XL Pipeline”. Letter. League of Conservation of Voters. Change.org. Web. 10 December 2013
The Dakota Access Pipeline and the Keystone XL Pipeline are two pipeline projects that were suspended in the past. These pipelines were stopped because they could have a big impact of people and the environment. The making of these pipelines would cause a great amount of carbon pollution. Recently, President Trump signed the orders to approve the pipeline project. The projects have pros and cons, the people in favor of the pipelines think we would be able to rely less on foreign oil. The people against the pipeline believe that the pipelines would cause the release of gases into the air that could be harmful for other people.
Scherer, Ron. "US to Tap Strategic Petroleum Reserve to Drive Gas Prices down." The Christian Science Monitor. The Christian Science Monitor, 23 June 2011. Web. 09 Apr. 2012.
The Keystone XL Pipeline Imagine the world not as how it is now, but as how people wish it could be. There is no pollution, everyone has a job, the world is at peace and a safe place to live, and most importantly, everyone is happy. This is but a mere dream. Now open your eyes and look at it. See the reality of what the world truly is: we are intentionally hurting the environment, many people in the world are unemployed, many different countries are at war and people are dying because of it.
According to Brendan Smith, in his article “5 Reasons Why the Keystone Pipeline is bad for the Economy”, the project will have negative effects on the country’s economy. He argues that, building the pipeline will harm the economy because its impacts on the environment are costly and it will force the citizens and the government to pay the price. He continues by stating that the project will reduce jobs in the country because the fossil fuel industry had slashed its workforce. Smith points out that the effects of the project will be felt mostly by the poor people because they will not manage to cope with the adverse climate brought about by the increased use of fossil fuel. Moving on, he argues that the Keystone Pipeline will not sustain the economy because it cannot create more jobs in the country (Smith n.p). This is because a sustainable economy is one that creates more jobs...
Why now? This a complicated question, but it boils down to the simple economics of supply and demand. Supply and demand means a relationship between how much of a particular product is available and how much of it people want, and especially the way that this affects the level of pricing. Now of course there would be a shortage of gasoline during the summer time when everyone is traveling Brent crude, the main international benchmark, was trading around $48 a barrel. The American benchmark was at around $45 a barrel (Clifford Krauss).
The Keystone XL pipeline continues dividing the opinion of the people and being a controversial issue. The precious “black gold”, represents one of the main factors that moves the economy, nationally and globally. This extra-long pipeline will transport oil all the way from Canada to Texas. Some experts and the private oil corporation, who is the one in charge of this project, point to the benefits of this project, for example, will make the USA more independent from foreign oil, will create thousands of jobs and improve the economy. Nevertheless, are experts revealing how the pipeline is an unnecessary risk and will be negative for the environment, dangerous for the population living close to the big pipes, and long-term negative for the
The Keystone Pipeline started construction in 2008 for the main purpose of connecting Canadian and American oil refineries to transport crude oil from the oil sands of Canada faster and more efficient. So far the first three phases of the pipeline have been completed but the proposed and most controversial is Phase IV. It connects Hardisty, Alberta to Steele City, Oklahoma which requires a presidential permit and it also connects the 485-mile southern leg known as the Gulf Coast Project between Steele City and Port Arthur, Texas, which is now operating (Eilperin). The benefits of the pipeline include an increase in jobs, contribute $3.4 billion to the U.S economy and also save time and money from transporting the oil by pipeline instead of tanks and rails. At the same time it would be a great harm to the environment, making the climate unstable, and could cause possible future oil spills. The articles covering the Keystone Pipeline generally list out the same points, covering the same benefits and consequences of building the pipeline. Sources like Fox News and CNS have more of an opposition towards the pipeline and narrow in on the risks and of the effects it would have on the people. Whereas news stations such as CNN and The Washington Post address both sides of the controversy but are subtle about being in favor of the pipeline. The international sources such as Al Jazeera and Reuters oppose the pipeline and are more open with supporting the environmentalists.
Almost every single nation in our world today, the United States included, is extremely reliant on oil and how much of it we can obtain. Wars have started between countries vying for control of this valuable natural resource. The United States as a whole has been trying to reduce its reliance on foreign oil and has had some success, especially with the discovery of the Bakken formation and projects like the Keystone Pipeline. Projects like the Keystone Pipeline are important as they will allow us to transport more oil than we would be able to in train cars, and grant larger access to oil reserves in the United States and Canada. The Keystone Pipeline itself is an oil pipeline which runs from the western Canadian sedimentary basin in Alberta, Canada to refineries in the United States.
Arguments: America is dependent on other nations for their ability to create energy. The United States is the world’s largest consumer of oil, at 18.49 million barrels of oil per day. And it will continue to be that way for the foreseeable future, considering the next largest customer of oil only consumes about 60% of what the U.S. does. This makes the U.S. vulnerable to any instability that may arise in the energy industry. In 2011, the world’s top three oil companies were Saudi Aramco (12%), National Iranian Oil Company (5%), and China National Petroleum Corp (4%).
In today's global economy, energy is one of the most crucial and sought after commodities. Who supplies it and how much they supply determines how much influence they have over other countries as well as the global economy. This is why hydraulic fracturing is currently such an important and controversial topic in the United States. Hydraulic fracturing, more commonly known as "fracking" or hydrofracturing, is the process of using pressurized liquids to fracture rocks and release hydrocarbons such as shale gas, which burns more efficiently than coal. This booming process of energy production provides a much needed economic boost, creating jobs and providing gas energy for Americans. The efficiently burning shale gas reduces carbon emission from electricity production plants, reducing carbon footprints on the environment. However, the process of hydraulic fracturing uses millions of gallons of pressurized liquid, which contains toxic chemicals, and some of this water is left over undealt with. The air near fracking sites is often also polluted and unsafe for nearby community residents. Injecting millions of gallons of water laced with toxic chemicals into the rock thousands of feet deep can cause earthquakes, causing a safety hazards for all nearby areas. Hydraulic Fracturing makes rare natural gases easily attainable, boosting the economy and reducing carbon emissions. However, the negative side effects such as contaminated water and air, make hydraulic fracturing a process that may not be worth the benefits.
Currently, the most important factor in the rise of gas prices is the increasing cost of crude oil. Unfortunately, the United States has three percent of the world’s oil reserves. (Horsley) In 2009, the United States was third in crude oil production as well as the world’s largest petroleum consumer. (e. I. Administration) Such consumption required and still requires the United States to import petroleum/crude oil from other countries.
...oline is affected by many different factors. The biggest factor is crude oil, but the supply and demand of crude oil will ultimately determine the price of gasoline. The supply and demand of crude oil and gasoline are also affected by several factors. The price is continually increasing and the supply is becoming harder to produce and deliver. So it seems we, the United States, need to find a way to slow down our fuel consumption and decrease our demand. This may be the only way to bring down the price of gasoline. I know I would not mind, because then I could use the extra $40 to buy a couple more DVDs for the kids to watch while we are running around town in the Expedition.
The main reason for the price increase is that OPEC (Organization of Petroleum Exporting Countries) has decided to cut back on its oil production. What is the reason for this? Simply stated, OPEC knows that they have the United States under their control in terms of what price they want to sell crude oil to us at, and how much they want to ship. With the present economic prosperity in the U.S., it didn’t take long for OPEC to seize the opportunity to make more money by cutting production of crude oil, and thus forcing consumers to pay more for fuel. Just how much higher are prices you ask? “Crude-oil prices in early March hit $34 a barrel, while a year earlier it was selling for $12 a barrel, which is nearly a 75% price increase since last year. This equates to an additional 48 cents a gallon” (Logistics Management 15).
The U.S dependency on foreign oil presents many negative impacts on the nation’s economy. The cost for crude oil represents about 36% of the U.S balance of payment deficit. (Wright, R. T., & Boorse, D. F. 2011). This does not affect directly the price of gas being paid by consumers, but the money paid circulates in the country’s economy and affects areas such as; the job market and production facilities. (Wright, R. T., & Boorse, D. F. 2011). In addition to the rise in prices, another negative aspect of the U.S dependency on foreign crude oil is the risk of supply disruptions caused by political instability of the Middle East. According to Rebecca Lefton and Daniel J. Weiss in the Article “Oil Dependence Is a Dangerous Habit” in 2010, the U.S imported 4 million barrels of oil a day or 1.5 billion barrels per year from “dangerous or unstable” countries. The prices in which these barrels are being purchased at are still very high, and often lead to conflict between the U.S and Middle Eastern countries. Lefton and Weiss also add that the U.S reliance on oil from countries ...