Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Obama Questions Job Numbers from Keystone XL Pipeline

change text size

U.S. President Barack Obama has called into question the number of jobs that would be provided from the construction of the Keystone XL pipeline in a New York Times interview over the weekend.

Republicans have frequently stated that there would be a large number of jobs created if the pipeline is approved for construction, Obama said, adding that he disputes their premise.

“Republicans have said that this would be a big jobs generator,” Obama said in the interview. “There is no evidence that that’s true. The most realistic estimates are this might maybe 2,000 jobs during the construction of the pipeline, which might take a year or two, and then after that we’re talking about somewhere between 50 and 100 jobs in an economy of 150 million working people.”

The president noted that even the temporary increase of 2,000 jobs that might be created during the construction of the pipeline, which would cost about $5.3 billion to build, was “a blip relative to the need.”

Republicans and business groups have pressured Obama to approve the pipeline, emphasizing that the approval and construction of the pipeline would produce economic benefits, including a drop in gasoline prices.

Democrats and environmental groups have opposed the approval and construction of the pipeline primarily on environmental grounds, saying that the burning of fossil fuels contributes to climate change.

Obama said that if the pipeline allowed the Midwest to export more of its oil to other countries, it could actually cause gasoline prices in the region to increase.

Obama said last month that the pipeline would serve U.S. interests only if it did not “significantly exacerbate” carbon pollution.

The president is expected to make a final decision later this year or in 2014.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
RRR R | Jul. 31, 2013
There is no single, big fix to the job and economy issues America faces. Obama seems to think that only a few thousand, high paying construction jobs in the near term and a few hundred long term is not worth the effort. We need to promote Keystone, along with other private sector investment, in all industries, and then few thousand jobs can easily turn into a few million. Government is not the answer.

Jim Montgomery | Jul. 31, 2013
unbelievable!

Phil Laudicina | Jul. 29, 2013
Does this really surprise anyone? The greatest job killing president in US history is not about to reverse that trend now. 4 out of every 5 Americans are now either unemployed or dependent on govt assistance. This is the Obama agenda. He also is intent on destroying US energy independence with his war on coal and soon to be war on oil and gas exploration to promote his phony green agenda. He wont be satisfied until gasoline tops $10 per gallon and the US economy is permanently destroyed.



More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Ophir Finds Gas at Silenus East-1 Well... (Sep 16)
 -  Aker Wins Subsea Services Deal from Pe... (Sep 15)
 -  Dolphin Wins Indian Ocean 3D Seismic C... (Sep 15)
 -  Harkand Appoints New Head of Engineeri... (Sep 15)
 -  MedcoEnergi Eyes 50% Contribution from... (Sep 12)
Most Popular Articles
From the Career Center
Jobs that may interest you
Material Handler
Expertise: Materials Management
Location: Zanesville, OH
 
PSCM Category Specialist - Fuels, Land & Rail
Expertise: Logistics Coordinator, Materials Management , Supply Chain Management
Location: Houston, TX
 
CadWorx Piping Designer
Expertise: CAD/CAM, Drafting, Pipeline Engineering
Location: Naperville, IL
 
search for more jobs