Let’s recap the economic reasons for construction of the full Keystone XL pipeline project, which has been waiting on the president’s approval for more than four years. According to the State Department’s most recent review Keystone XL would:
- Create 42,100 average annual jobs across the United States over its one- to two-year construction period.
- Generate $2.05 billion in employment earnings.
- Result in $3.3 billion in direct spending on construction and materials.
- Produce $65 million in short-term revenues for government from sales and use taxes in states that levy them.
Considering the plight of construction workers in this country the past few years, suffering double-digit unemployment, those are handsome numbers indeed. They suggest an even greater boost that would... more »