Tuesday, July 15, 2014

AMERICAN ENERGY ALLIANCE - THE EXISTING KEYSTONE PIPELINE BENEFITS

President Obama has delayed the Keystone XL pipeline for almost 6 years.
If you asked him why, he’d tell you that he still isn’t sure if the pipeline is in our national interest.
Now this excuse might have worked for him in the past, but you can only stall for so long before the truth comes out.
According to a recent analysis from our partner organization, the Institute for Energy Research, states are already seeing economic benefits from the construction of the southern leg of the pipeline.
Some of the key findings in IER’s analysis include:
•   Construction of the southern leg of the pipeline has involved the hiring of almost 5,000 workers.
•   Oklahoma and Texas have increased their economies by a combined total of $5.7 billion during 17 months of construction.

•   If Keystone XL were approved, TransCanada would be paying an expected $10,403 in tax revenue for each of McCone County, MT’s 1,734 residents.
•   According to the State Department, Keystone XL would create 2,000 short-term construction jobs over 2 years – or 3,900 if construction only took a year.
•   Keystone XL would also support 40,000 “indirect” or “induced” jobs across the country during construction.
So Mr. President, if delaying Keystone is really about deciding whether or not it’s in our national interest, I think this analysis makes that decision a no brainer.
Keystone needs to be built, and it needs to be built now!
If the southern leg of Keystone has given us any indication of the pipeline’s potential, Keystone’s northern leg would provide economic boosts to every State and county in its path.
States like South Dakota, Nebraska, and Montana would see huge increases in tax revenue and small towns within these states would finally have the chance to revive their economies from past policies that have prolonged our nation’s recession.
It’s time for Obama to stop playing political games with our nation’s economy.
It’s time to build Keystone XL.
Sincerely,
Tom Pyle
President

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