Tags: obama | keystone | pipeline | jobs

Obama Disputes Number of Jobs Created by Keystone Pipeline

Sunday, 28 Jul 2013 07:23 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama called into question the number of jobs that would be created from the controversial Keystone XL pipeline in an interview with the New York Times released on Saturday.

"Republicans have said that this would be a big jobs generator," Obama said, according to the newspaper.

"There is no evidence that that's true. The most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline, which might take a year or two, and then after that we're talking about somewhere between 50 and 100 jobs in an economy of 150 million working people."

TransCanada Corp.'s proposed pipeline is designed to carry 830,000 barrels of crude oil per day from the Canadian oil sands and the Bakken shale in North Dakota and Montana south to refineries on the U.S. Gulf Coast. It would cost about $5.3 billion to build.

Obama's administration is under pressure from Republicans and business groups to approve the project because of the economic benefits they say it will bring.

Environmentalists oppose the project because of the carbon pollution they say it would generate. Carbon emissions are blamed for contributing to global warming.

The project was first proposed in 2008 but is still making its way through a State Department study process.

The Times said Obama disputed an argument that the pipeline would bring down gasoline prices. He said it might actually increase prices somewhat in the U.S. Midwest, which would be able to ship more of its oil elsewhere in the world, the paper reported.

Obama said in June the project would serve U.S. interests only if it did not "significantly exacerbate" carbon pollution. The Times quoted him as saying that Canada could potentially be doing more to "mitigate carbon release."

The administration's final decision is expected later this year or early in 2014.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Democrat Super Donor Tom Steyer Tied to Supermall 'Ponzi' Suit

Monday, 21 Apr 2014 11:17 AM

Billionaire Democratic benefactor Tom Steyer was linked through a hedge fund he founded to an alleged scheme to defraud  . . .

Vladimir Putin Opponent to Obama, We Need You

Monday, 21 Apr 2014 11:17 AM

Earlier this month, I spent an afternoon trying to imagine what it might be like to be prime minister of Moldova. I was, . . .

Zhudi Jasser: White House Lacks 'Courage' to Use the Word 'Muslims'

Monday, 21 Apr 2014 10:45 AM

The White House lacks "courage" to use the word "Muslims" when admonishing communities to look for extremist tendencies  . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved