Essay on Keystone Pipeline

1973 Words May 15th, 2012 8 Pages
In February 9, 2005, the TransCanada proposed a pipeline system that would be able to transport crude oil from Canada into the United States. The pipeline was given the name the Keystone Pipeline System. Originally, the pipeline was to run from Alberta, Canada to refineries in Illinois. However, in 2008 another proposition was raised in order to extend the pipeline even further to down to Texas. The proposition is known as the Keystone XL. The possible construction of the pipeline is a controversial topic. Entrepreneurs believe that such a pipeline will stimulate the nation's economy and lead to an increase in the amount of jobs. On the other side, environmentalists believe that the pipeline will be detrimental for the environment as the …show more content…
Another concern for the construction of the pipeline is America’s dependency on foreign oil. At the current time the U.S. is a nation that is very dependent on foreign oil. According to Representative Allen West, nearly 50% of the oil consumed in the U.S. is imported from foreign countries. Our nation is heavily involved in overseas trade of oil. The hope of the pipeline is that it will reduce the dependency on the need for foreign oil since Canada will now be able to provide us with crude oil. As an incentive to construct the pipeline, West also stated that Iran threatened to close the Strait of Hormuz. The Strait is an oil passageway that is used on a global scale for the movement of oil. Without the passageway, our foreign oil imports would come to a halt and we would be left only with the oil that is found in our own soil. In this scenario, our oil supplies would be halved. With gas prices already steadily increasing, the lack of oil will lead to a tremendous spike in gas prices. The Keystone XL pipeline would be able to move us away from overseas trade of oil. 830,000 barrels of crude oil will be transported a day from Canada to U.S. refineries. If we do not receive this oil, then another nation will. The pipeline could very well be the key to stabilizing gas prices. Not only can the pipeline stabilize gas prices, but the Keystone will also allow the U.S. to become more

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