While the administration wrestles with itself over approval of the Keystone XL pipeline, some important points to consider:
- Within a few years of its completion, Keystone XL would deliver upwards of 830,000 barrels of oil per day (b/d) from Canada's oil sands region to U.S. refiners, creating tens of thousands of U.S. jobs.
- The Energy Information Administration reports that with the additional 830,000 b/d, U.S. production and secure, reliable Canadian imports would supply 57 percent of our crude oil needs - up from 51 percent in 2010.
- In a larger context, the pipeline would be part of an access strategy that could supply 92 percent of this country's liquid fuel needs by 2035.
Given the prospect of access to that much oil from a good neighbor and ally, you'd think government approval woul... more »