google.com, pub-2414099054064071, DIRECT, f08c47fec0942fa0 jgsf1987: Rejection of Keystone XL

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Friday, November 6, 2015

Rejection of Keystone XL

I have to say that I'm very pleased with Barack Obama's rejection of the Keystone XL Pipeline project as it would have been a disasterous deal for the rest of us. Besides possibly placing more hydrocarbons into the atmosphere and the damage caused to the environment, it would have also dealt us with very severe economic damage by shooting gas prices into the unaffordable range (think of the days of $4, or in some cases $5, per gallon of gasoline). Just think of the health risks involved and it's fairly easy to see why the project was a bad deal for us.

Not to mention, there would be little to no impact on the unemployment rate (try 35,000 jobs max) and the benefits would only go to 1 company, Koch Industries. This is while the risk of failure is passed on to the rest of us in the form of our tax dollars. This is absurd!

While this is a victory for us in the moment, I have a huge hunch that we're not done with project yet. For the company that's trying to build the pipeline can simply re-apply to do so, and it will be almost certainly granted should the GOP take The White House in 2016. This is why we need TheDemocrats in there.

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