Keystone XL creating more jobs

Discussion in 'Political Action Forum' started by spaightlabs, Nov 16, 2017.

  1. KENNEDY63

    KENNEDY63 Elite Refuge Member

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    North Dakota’s Pipeline Payoff
    Six months later, the Dakota Access Pipeline proves its value.


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    Construction equipment sits at a Dakota Access Pipeline construction site near the town of Cannon Ball, N.D., Oct. 30, 2016. Photo: josh morgan/Reuters
    By
    The Editorial Board


    • The Dakota Access Pipeline marks six months of operations on New Year’s Day, and new data show that North Dakota is already enjoying major benefits from the $3.8 billion project.

      The pipeline has significantly lowered energy transportation costs and energy companies to move their oil to the Gulf Coast, where it fetches a higher price. So it’s little surprise that energy production has surged since the Dakota Access Pipeline opened.

      Between September and October alone, oil production grew by 78,000 barrels a day, the biggest month-over-month increase North Dakota has ever seen. The state peaked at around 1.185 million barrels a day that month—135,000 barrels more than it produced daily before the pipeline was operational. Compared with January 2017, North Dakota has an additional 15 drilling rigs currently in operation.

      Increased oil production has resulted in job growth. North Dakota’s unemployment rate was 2.3% in November, and more than 850 existing wells need fracking crews. State revenue rose by about $43.5 million in the first five months the pipeline was operational. And solely because of the Dakota Access Pipeline, the state is on track for $210 million to $250 million in additional tax revenue by the end of this biennial budget period. “That’s exceeded expectations,” says Tax Commissioner Ryan Rauschenberger.

      The Dakota Access Pipeline has also reduced oil-train traffic within the state. The last time oil production was this high, North Dakota saw as many as 12 trains, or 1,200 cars, pass through daily. Today, only two trains do. That’s a victory for the environment and public safety, given that oil-spill accidents occur with much greater frequency on railways than in pipelines.

      A year ago, North Dakotans were coping with thousands who flocked to Standing Rock to protest the pipeline, creating a nuisance and costing taxpayers millions for law enforcement and cleanup. The new statistics on the Dakota Access Pipeline’s benefits are recompense for dealing with those unruly out-of-towners.

      Appeared in the December 30, 2017, print edition.
     
  2. boodog

    boodog Senior Refuge Member

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    Do you ride your bike to work?
     
  3. yellowlab03

    yellowlab03 Elite Refuge Member

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    Or use a computer, wear shoes, use plastic, oil products used to build your house... etc


    YL03
     
  4. Bear

    Bear Elite Refuge Member

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    God Bless Texas!!!
    Or take medicine...eat some foods...I believe some vaccines...or ride in an ambulance or ride a bike to the duck marsh. Or...or...or...
     
  5. Ron Gilmore

    Ron Gilmore Elite Refuge Member

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    Oil is at a two and half year high. OPEC and other non OPEC countries have cut production to push up prices. Shale oil has taken the impact of that act and made it really a non factor. This is good for consumers both at home and across the world. People like eel forget the impact that $100.00 a barrel oil had especially on the lower income bracket people with fuel and home heating costs. But when you bleed the DNC mantra not even Kotex maxi pads can absorb it so it spills out in statements like his!!
     
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  6. hobbydog

    hobbydog Elite Refuge Member

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    One could argue that it was under Obama that prices dropped dramatically during his time as POTUS. I guess you should give him credit.
     
  7. Ron Gilmore

    Ron Gilmore Elite Refuge Member

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    In spite of him is all the praises he gets.
     
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