Obama Administration Rejects Keystone Pipeline

Thursday, January 19, 2012

JANUARY 18: U.S. Speaker of the House Rep. John Boehner (R-OH) stands next to a map of current oil pipelines during a news conference January 18, 2012 on Capitol Hill in Washington, DC. Speaker of the House John Boehner stands next to a map of current oil pipelines during a news conference. (Alex Wong/Getty)

On Wednesday the Obama administration denied a permit for the Keystone XL pipeline project. TransCanada, the company behind the proposal, hopes to build a 1,700 mile pipeline that will carry oil from the tar sands of Canada to the refineries lining the Gulf Coast along Texas. Although it will cost $ 7 billion to build, TransCanada claims the project will create ten of thousands of jobs. Environmentalist are most concerned about the water supply in ecologically sensitive in Nebraska's Sand Hills region, which TransCanada claims it has addressed by creating a new proposal that circumvents the Sand Hills.

Dr. M. Ray Perryman, an economist and financial analyst, is the author of "The Impact of Developing the Keystone XL Pipeline Project on Business Activity in the U.S."

Randy Thompson is a landowner in Nebraska whose land will be directly affected by the Keystone project and who is the face of the anti-pipeline campaign, "Stand with Randy."

Guests:

Dr. M. Ray Perryman and Randy Thompson

Produced by:

Joseph Capriglione

Comments [4]

Where is the discussion of the ongoing blockade of Transcanada in Texas? This is not just a discussion of protecting land directly effected by the pipeline and eminent domain, but of a larger discussion on continued reliance on fossil fuels, the future of the economy, and climate change.

Oct. 11 2012 11:47 AM

This is a pipeline straight down the center of our country starting from Canada to Texas. Think of the gulf oil spill. Now think of oil spills across every state between those two spots. Guess who's paying for that. Canada? Texas? No. All of us will be paying for that. All for a fuel that is so inefficient to process that it probably will be more profitable to sell it outside the USA.

Jan. 19 2012 10:18 AM
MuslimLibertarian

Finally, people making decisions based on rationality instead of base politics.

Jan. 19 2012 08:18 AM
Anne Rohe

How about the Kodak Instamatic camera? I have memories "instantly" recorded forever with the Instamatic. I think it has even made its mark in the art world as well...

Jan. 19 2012 07:35 AM

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