Essays by Eric Worrall
h/t rhs; A mandated congressional report has revealed the impact on Montana’s economy and job and income losses caused by President Biden canceling the Keystone Pipeline.
Biden Administrator Quietly Admits Keystone XL Pipeline Cancellation Costs Thousands of Jobs, Billions of Dollars
Montana senator says Biden’s decision to revoke licenses has hurt ‘working families’
Via Thomas Catenacci | Fox News
2:39pm EST January 5, 2023The Biden administration has released a congressional mandate that highlights the positives economic benefits of Keystone XL . Pipeline would have if President Biden did not revoke its federal license.
The report that Completed Department of Energy (DOE) at the end of December without any public announcement, said the Keystone XL project would create between 16,149 and 59,000 jobs and would have a positive economic impact of between $3.4 and $9.6 billion, cites various studies. A previous federal government report released in 2014 identified 3,900 direct jobs and a total of 21,050 jobs to be created during construction that is expected to take two years.
But shortly after taking office in January 2021, Biden pipeline license cancellationeffectively close the project.
“The Biden administration has finally mastered what we’ve known for a long time — killing the Keystone XL Pipeline puts high-paying jobs, hurts Montana’s economy, and is the first step in a life the Biden administration’s war on oil and gas production in the United States,” said Senator Steve Daines. R-Mont., said Thursday in a statement. “Unfortunately, the administration continues to pursue energy production anywhere but the United States.”
…
report is available here.
From the report;
… The final SEIS of 2014 estimated that a total of about 42,100 jobs, or 21,050 jobs annually, would be created if construction took two years (direct, indirect, and incidental), as well as income of $2.05 billion in the United States. About 3,900 of these jobs will be direct construction jobs in Montana, South Dakota, Nebraska and Kansas. The project is expected to support 50 jobs during its operation. SEIS estimates that the construction of the KXL pipeline will contribute $3.4 billion (or 0.02 percent) to the United States’ Gross Domestic Product.
At the time the KXL was cancelled, TC Energy announced that about 1,000 workers “on both sides of the border” had been affected. To the extent that some U.S. jobs have occurred, the number of jobs lost due to KXL cancellations is likely to be less than these job estimates because they include the projected total number of jobs. from the construction and operation of the KXL. …
The consequences go beyond financial loss and job loss. The cancellation sent a message to the industry that investing in oil and gas was not welcome in Biden’s America.
Every day, Americans pay the price for that lack of gasoline investment, through inflated gas pump prices.
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