Keystone pipeline pros and cons yahoo dating, keystone Pipeline Pros And Cons - Money Morning
It creates a reliable product for Gulf Coast refiners to process. Proponents of the project argue that, far from being environmentally harmful, the project will have the contrary effect. It locks the United States into a contract that extracts oil from inefficient sources.
This means there will always be doubt over the contracts from this fossil fuel because the cost of importing oil could, at times, be cheaper than the locked-in costs of what the pipeline offers. Pipeline transportation is safer than other methods. At the moment, it delivers tar sands oil to the Midwest.
The Keystone pipeline already exists in a completed state. Although the two projects are somewhat similar in what they hope to accomplish, she is dating a gangster full movie tagalog movie the environmental concerns are slightly different for Keystone.
Contrary to the myth of job creation, oil companies lobbying for the project are themselves responsible for large-scale job cuts in the past. The pipeline plans to transport a type of crude oil, called tar oil or oil sands, from Alberta, where the world's largest deposits of tar oil occur. Such transport of oil over long distances will definitely increase carbon footprint, compared to direct piping of oil from Canada. The interests which have been promoting Keystone have been cutting industry jobs.
Around half of the pipeline has already been completed, but its construction has always been opposed by various environmentalist groups. This has led to a consistently high cost of production. Indigenous tribes of the region and financially backward sections make up most of the local population. The study was commissioned by TransCanada Corp.
Strip mining is the other option. The largest contribution to this will be through property tax collected at places the pipeline passes through. Boast thousands of jobs created and millions of dollars in tax revenue would be generated by increased oilsands activity.
Piped oil supply from Canada, which is believed to be the world's second most oil-rich region after the Middle East, will provide a stable oil source. Touts the economic and political benefits of a stable source of oil for Canadian and American energy markets. Construction jobs are temporary and not all jobs created by the pipeline construction would be new jobs, with many going to existing Keystone employees and contractors.
This product can be transported by rail and other options, but the pipeline is the safest method of transportation. What Are the Pros of the Keystone Pipeline?
Despite being most vulnerable to the negative impacts of the project, they have been systematically ignored by decision-makers and oil companies. This will cause large-scale damage to the economy, besides cutting thousands of jobs. In a world where the tar sands oil is going to make it to its destination one way or another, it is usually the best option to choose the safest method of transportation. The oil industry has been cutting jobs since instead of adding them.
The Keystone Pipeline pros and cons show that this project has the potential to continue generating jobs and revenues for TransCanada and much of North America. All options should be considered with this project so the economics of this situation can be maximized and the environmental impacts minimized before it is completed.
Although the overall impact to the environment from Keystone is expected to be limited, it is still an addition at a time when reduction has been a consistent point of emphasis. The political atmosphere is divided over the issue. TransCanada has essentially said that they are going to process tar sands oil whether the pipeline extension for Keystone is built or not. The actual estimate of what lies deep in the sands is actually closer to two trillion barrels, eight times the amount of oil reserves in Saudi Arabia.
Already, diseases like renal failure and cancer are being reported in large numbers by such populations. Story continues below Supporters tout the economic and political benefits of the cross-border energy partnership. This figure is in comparison to conventional oil production.
As it stands now, the proposed plan would see bitumen upgrading and refining jobs created in the U. This can cause the spread of diseases, while affecting the crop yield of the land, which is mostly agricultural. This created a conflict of interest.
In addition, such climate change will increase the frequency of extreme weather conditions, like hurricanes and sandstorms. More jobs could be created with sustainable investments. Also, this acidic oil is corrosive in nature, which increases chances of spills. Because many pipelines are prone to leaks, there is also the potential risk of groundwater contamination that must be considered.
The northern leg of the inch wide pipeline plans to connect Hardisty in Alberta to Steele City in Nebraska. The planned pipeline travels through very sensitive terrain which can't afford any adverse impacts. It also shows that there is the potential for harming the environment more than we already are. An independent economic study by the U.
An example is Canada's Boreal forests, a region said to be the world's most intact ecosystem. Extracting the oil requires pumping steam directly into the ground for a long time. Tar sands oil has the potential to be highly corrosive.
Scientists, activists at Greenpeace Canada, the Council of Canadians and a host of other environmental and civil society leaders, including Canadian and U. However, it has been torn apart by critics over its harmful environmental effects, which they believe far outweigh any benefits to the economy. The waste from the extraction, called tailings, is dumped in open ponds.
The main difference is that tar oils, rather than floating on water, sink to the bottom. The pollution caused by extraction of tar oils is thrice that which is caused by conventional oils. According to the New York Times, one method includes using water and natural gas to pump steam into the tar sands, which creates the potential for a toxic runoff.
Oil spills can damage underground drinking water supplies. Canada is already the largest supplier of energy to the United States. Harper also speaks of the value of a democratic, conflict-free U.
It will still add more emissions to the atmosphere. It is so toxic that the fish living in the pond have developed tumors, and any freshwater birds that land in the water die instantly.
Keystone Pipeline Pros And Cons - Money Morning
What Are the Cons of the Keystone Pipeline? The Keystone Pipeline can be a major job creation project. The Keystone pipeline pros and cons show that there is the potential for economic growth to be achieve, especially in Canada. The goal is to extend the pipeline down to the Gulf Coast to increase potential processing capacities with an asset that already exists. The chances of spillage is lesser in pipelines.
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