Comment

Yes, Gingrich and Other Republicans are Delusional About Oil

12
RanchTooth12/16/2011 11:42:46 am PST

re: #1 publicityStunted

Excellent page. I’m just going to add this report from Cornell University:

Pipe dreams? Jobs Gained, Jobs Lost by the Construction of Keystone XL (PDF)

The GOP kept trumpeting KXL throughout the debate. I was wondering, why if their claims were true, would Obama administration would prevent it for going forward. The report helps put things into perspective. Some very interesting findings, including this one:

KXL will divert Tar Sands oil now supplying Midwest refineries, so it can be sold at higher prices to the Gulf Coast and export markets. As a result, consumers in the Midwest could be paying 10 to 20 cents more per gallon for gasoline and diesel fuel. These additional costs (estimated to total $2–4 billion) will suppress other spending and will therefore cost jobs.

Temporary jobs are better than no jobs at all? I’m glad the administration is taking its time in evaluating the decision. It’s not just environmentalists, it’s true policy.