Keystone Pipeline Case Study
The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. The pipes pass through North Dakota, South Dakota, Nebraska, Kansas, Missouri, and Oklahoma. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. The two parties in debate over the pipeline’s border crossing are the U.S. government and TransCanada. TransCanada is one of the continent’s largest providers of gas storage and related services. The company shares they are a leader in the responsible …show more content…
For example, after the BP oil spill the company 's stock value declined 34%, eliminating $96 billion of their company value. (Amadeo, 2015) Due to the lower supply and continued high demand, the price increases. Higher crude oil prices directly affect the cost of gasoline, home heating oil, manufacturing and electric power generation. (Amadeo, 2016)The increased cost impacts all Americans and the economy. However, companies claim that the economy can improve if there is an environmental disaster. For example, JP Morgan Chase said the BP oil spill on the Deepwater Horizon oil rig created 4,000 jobs through the cleanup process and paid $6 billion for their labor. (Amadeo, 2015) Although some companies claim spill disasters can help the economy, they are not accounting for the long term effect of the spills on wildlife habitats and how that will impact the economy in the next …show more content…
Both party members’ votes are easily swayed depending on whether they are seeking reelection the next year. Regardless of congress’ vote, the President continues to veto the bill. Supporters advocate that construction will give us access to more oil as we wait for renewable energy source technology to catch up to our country’s need. In addition, supporters claim the money spent on food, lodging, and transportation during construction will bring meaningful benefits to pipeline states. These proposed benefits do not help the overall economy in the long run. The Keystone XL Pipeline is a transmitter for Canadian oil to be sold across the world. Land and nearly all risks lie within the U.S. yet there is no significant benefit to the economy. There is too little to gain and too much to economically risk by allowing the construction of the XL
Dakota Access Pipeline Case Study
290 Words | 2 PagesNative Americans have a right to live on their own reservations. A major pipeline is about to made through their reservation. I know that the people are furious with this. The pipeline would destroy historic sites. I have proposed a solution to this problem.
Pros And Cons Of Enbridge Northern Gateway Pipeline
1618 Words | 7 PagesThose who are in opposition of the pipeline can only hope and attempt to persuade the BC government to join the huge majority of British Columbian’s in demanding a stop to the construction and operation of the Enbridge Northern Gateway
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859 Words | 4 PagesThe Keystone Pipeline that everyone is talking about is actually just a proposed project that will
Keystone Pipeline Project Research Paper
2089 Words | 9 PagesThe environmental argument is coming from a clash over the fact they are basically stripping the canadian boreal forest, the path of the pipeline extends across major aquifers, and pipelines tend to leak and destroy surrounding environments. In addition ccording to The Center for Climate and Energy Solutions State, “epartment’s draft SEIS found that oil from the Canadian oil sands is 17 percent more carbon-intensive than the average oil consumed in the United States... It is estimated that the U.S. greenhouse gas footprint would increase by 3 million to 21 million metric tons per year, or around 0.04 percent to 0.3 percent of the 2010 levels, if Keystone is built. Fortunately on November 6, 2015, President Barack Obama’s administration rejected the Keystone Pipeline XL after 7 years of dispute. As mentioned in the Wall Street Journal, Obama stated “the project would not have lowered gas prices, improved energy security or made a meaningful long-term contribution to the economy
Native American Pipeline Pros And Cons
533 Words | 3 PagesThe sententious construction of the pipeline will help…”create thousands of jobs”(DAPL:top pros and cons). By implying more jobs, it allows many people to have the opportunity to have a workplace in which they can earn the money to pay off and bills presented. Even if the pipeline can produce more jobs, but the pipeline would not cause any major incidents. Once the Dakota Access Pipeline is bonded into place, workers wondered if there, shall be a decrease in ant incidents than other major pipeline that recently resulted in spillages. The DAPL both pros and cons, states that there is a new way of “oil freight ages…to major refining markets in a more productive way towards the environment.”
Exxon Valdez: The Purpose Of Environmental Justice
106 Words | 1 PagesThe disaster caused much damage such as wiping out ocean life as result Exxon paid billions in fines for the crisis.
First Nations And Pipelines: Tenets Of Canadian Nationalism
746 Words | 3 PagesThe tension between First Nations and pipelines can be understood in the context of nationalism because both issues are closely tied to national identity and the concept of national interest. Within the source it shows a pole with one side as a representation of the Indigenous while the otherside is a pipeline. It conveys the tension between the two and the nationalism shown in this is how they both come from the same place but hold very different goals and objectives. Nationalism is the belief in the primacy of one's nation, and the desire to protect and promote the interests of that nation. Proponents of pipelines often frame their support in nationalistic terms, arguing that pipelines are necessary for Canada's economic growth, energy security,
Dakota Access Pipeline Benefits
812 Words | 4 Pages“Benefits of Governmental Compromise Regarding the Dakota Access Pipeline” Nations all have unique governments and differences necessary for demonstrating successful leadership. Every country needs different assistance from their leadership, such as Rio requiring infrastructure or Somalia lacking political power. Some governments concern themselves with their politicians’ well-being more so than the people they lead, which creates a relevant problem in America. The United States Government can easily forget about Native American Reservations, or even ignore the people living on them. Recently, the United States Army Corps of Engineers has worked on the Dakota Access Pipeline project, which would cross over Native American ancestral lands,
1970s Essay
148 Words | 1 PagesThe oil crisis also resulted in increased unemployment, particularly in industries heavily reliant on oil, such as manufacturing and transportation. As fuel costs rose, businesses
The Keystone XL Pipeline: An Analysis
1570 Words | 7 PagesMuch of the pipeline has already been constructed, but there is one more phase of TransCanada’s project that has been proposed but hasn’t been passed by the government. Phase 4 will stretch 1179 miles from Alberta, Canada, to Steele City, Nebraska. Earlier this year, both the House and State passed the bill, but Obama vetoed the pipeline. The House and State made an unsuccessful attempt at overriding the veto. Some landowners whose property is in the path of the pipeline have been unwilling to allow the pipe to run through their land.
Keystone XL Pipeline Research Paper
628 Words | 3 PagesControversy Surrounding the Keystone XL Pipeline To build or not to build, this choice will impact the relationship between the US and Canada and determine the level of dependence the US will have on countries that are not so friendly. “TransCanada’s proposed Keystone XL Pipeline would transport oil sands crude from Canada and shale oil produced in North Dakota and Montana to a market hub in Nebraska for delivery to Gulf Coast refineries. The pipeline would consist of 875 miles of 36-inch pipe with the capacity to transport 830,000 barrels per day” (Parfomak, Pirog, Luther and Vann 4). The construction of the Keystone XL Pipeline would strengthen the United States economy, provide energy security and have minimal environmental impact. “The Keystone XL project would create $1.1 trillion in private capital investment at no
BP Oil Spill Essay
991 Words | 4 PagesTherefore, I will examine the consequences of the oil spill and the reactions of the parties involved, such as BP, the government, the states involved, the fisheries and tourism industry and other parties affected by the oil spill. These consequences include environmental damage, litigation, cleaning costs and stricter
Pros And Cons Of The Keystone Pipeline
435 Words | 2 PagesThe Keystone pipeline should not be built because it endangers the environment and has the ability to create catastrophic damages through pollution and habitat desecration. Though many see benefits to the addition of a national pipeline, the effects and dangers must outweigh any slight economic gain. A small gain in government currency should never endanger the future loss of an environment, which is something than can cannot be
Gulf Of Mexico Essay
469 Words | 2 PagesThe region became one of the most important sources of oil in the world, with major companies investing billions of dollars in exploration and production. However, this growth was not without its risks. In 2010, the Deepwater Horizon oil spill resulted in the largest offshore oil spill in history, causing significant environmental damage and highlighting the dangers of deep water drilling. In response to the Deepwater Horizon disaster, the industry has taken steps to improve safety and environmental protection in the Gulf of Mexico. New regulations and safety standards have been introduced, and companies have invested in new technologies and training to prevent future disasters.
The Pros And Cons Of Trans Alaska Pipeline
1214 Words | 5 PagesTAPS transports 17% of the United State’s domestic petroleum. If the pipeline were to stop, “A loss of that production would increase prices by at least 10 to 16 percent” (Balan). This is very important, as the majority of the American population is in constant need of these resources. A shift this dramatic in the economy would lead to outrage and possible changes in economic inflation. All in all, the Trans Alaska pipeline has provided for a great number of people and has not failed to let them down.
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