NOBULL: KEYSTONE XL: Oil Industry Cash Machine

KEYSTONE XL: Oil Industry Cash Machine


U.S. consumers should be wary of the Keystone XL pipeline–not just for

substantial environmental and safety reasons, but because it threatens their

wallets. Given the fleeting benefits of construction jobs, the unprovability

of long-term benefits and the negative effect of higher gasoline costs on

consumers, Keystone XL is no economic boon to the United States. U.S.

consumers and the overall economy would bear the substantial risks of the

pipeline without measurable permanent benefit.