Keystone XL Pipeline

739 Words2 Pages
bulb-icon

Recommended: Keystone xl pipeline analysis of benefits

It is in Canada’s best interest to build a new pipeline because it will truly provide several advantages to Canada. The Keystone XL pipeline is a source of financial growth, as well as jobs, which will greatly enhance Canada’s economy and will be the future of Canada’s oil industry. In addition to this, Canada’s current supply and demand need calls for the pipeline to be built since Canada has more oil than they have buyers and the Keystone Xl pipeline can help solve this. Pipelines are also the safest way to transport oil rather than considering roads or rails, which are the alternate options. Therefore, Canada should build the Keystone XL pipeline because the supply and demand need calls for it, it is the safest way to transport oil, and it has many economic benefits. Canada’s supply of oil is greater than its demand and building the Keystone XL pipeline would fix this issue. Firstly, Canada currently has a lot of oil, the 3rd largest oil reserve in the world (“The Great…” DVD). The pipeline would help solve this problem because it would enable Canada to send more oil to buyers and the pipeline would also help to expand Canada’s markets. Through the pipeline, Canada would be able to transport almost 1.3 million barrels of oil per day to countries that need it (“The Great…” PDF). Patricia Best, the spokesperson for Natural Resources Minister Joe Oliver, said, "It is a strategic priority of the government to diversify our energy markets, including markets in Asia,” (“The Great…” PDF). China and Southeast Asia are eager for a new supply of oil to accompany their needs. Markets in China and Asia are offering Canada a top price for its, since their demand for energy is increasing. This would also ensure a secure future for Canada’s... ... middle of paper ... .... Minicucci, Daniela . "Pros and cons of the Keystone XL pipeline project." CEP / SCEP. N.p., 26 Sept. 2011. Web. 27 Apr. 2014. ."The Great Oil Pipeline Debate." CBC - TV News in Review March 2012. CBC, 2012. DVD. Sankey, Derek. "Landlocked: An Industry With Nowhere To Go." Business In Calgary 23.3 (2013): 28-34. Canadian Reference Centre. Web. 25 Nov. 2013. "The Great Oil Pipeline Debate." CBC - TV News in Review March 2012. CBC, 2012. PDF. "U.S. State Department's Environmental Statement Provides Basis for Keystone Approval on Environmental, Economic, Energy Security Merits." Targeted News Service [TNS] 16 Mar. 2014. Student Edition. Web. 29 Apr. 2014. .

Show More
Related

  • Pros And Cons Of The Keystone Pipeline

    628 Words  | 2 Pages

    The Dakota Access Pipeline and the Keystone XL Pipeline are two pipeline projects that were suspended in the past. These pipelines were stopped because they could have a big impact on people and the environment. The making of these pipelines would cause a great amount of carbon pollution. Recently, President Trump signed the order to approve the pipeline project. The projects have pros and cons, the people in favor of the pipelines think we would be able to rely less on foreign oil.

    Read More

  • The Keystone XL Pipeline and Public Response

    2961 Words  | 6 Pages

    “Urge the Senate to Stop the Risky Keystone XL Pipeline”. Letter. League of Conservation of Voters. Change.org. Web. 10 December 2013

    Read More

  • Twin Pipeline Essay

    716 Words  | 2 Pages

    With our understanding that the pipeline is safe, and there are safety precautions in place if anything ever did happen. That it is the best economical way to transport this oil. And finally our need for this oil s huge and it will be huge for a long time unless we start the process of building nuclear power right now; even in that case we still have about 15 years before that is ready to take the work load of British Columbia. Even when we have a different sustained energy we will still have the need for oil due to the fact that’s cars are the main moat of transportation in the lower main land. That means we are far away from a province let alone a country that can run without the use of oil. And seeing how to transport it via pipe line is the safest spill wise and most economically friendly it seems to be the better choice.

    Read More

  • The Benefits Of The Alberta Oil Sands

    543 Words  | 2 Pages

    The Alberta Oil Sands are large deposits of bitumen in north-eastern Alberta. Discovered in 1848, the first commercial operation was in 1967 with the Great Canadian Oil Sands plant opening, and today many companies have developments there. The Alberta Oil Sand development is very controversial, as there are severe environmental impacts and effects on the local Aboriginal peoples. This essay will discuss the need for changes that can be made for the maximum economic benefit for Canada, while reducing the impact on the environment and limiting expansion, as well as securing Alberta’s future. Changes need to be made to retain the maximum economic benefits of the Alberta Oil Sands while mitigating the environmental and geopolitical impact. This will be achieved by building pipelines that will increase the economic benefits, having stricter environmental regulation and expansion limitations, and improving the Alberta Heritage Fund or starting a new fund throu...

    Read More

  • Alberta Tar Sands in Canada

    1676 Words  | 4 Pages

    The reason for this report is to increase the reader’s knowledge on the Alberta Tar Sands, which will allow them to create their own opinions on the situation. It is a very pertinent issue in politics and will have a very large effect on the carbon emissions of Canada. Also, I wanted to further my understanding of the Alberta tar sands and learn the side effects of the tar sands. How the tar sands are different from other oil and energy procurement methods and which method is more energy efficient? Would the construction of the Keystone XL pipeline in the United States be an intelligent way for the US to involve itself in the tar sands? I wanted to answer these questions by knowing the real facts about the tar sands versus what the oil companies are telling the consumers. The ability to assess the entire situation will allow both the reader and I to formulate our own opinions about the tar sands and whether the extraction of oil at the tar sands should continue.

    Read More

  • Urbanization & Habitat Loss in the Fraser Valley as a Threat to Biodiversity

    1867 Words  | 4 Pages

    Thom, Brian, and Laura Cameron. 2005 "Changing Land Use in SolhTemexw (Our Land): Population, Transportation, Ecology and Heritage". In You are Asked to Witness: The Sto:lo in Canada's Pacific Coast History, ed. Keith Thor Carlson, pp. 163-180. Chilliwack: Sto:lo Heritage Trust.

    Read More

  • The Great Depression: Impact and Response in Canada

    1512 Words  | 4 Pages

    In 1958 Alberta gas finally reached Toronto and imports of Texas gas ended. Canada 's population was booming during the 1950s, and energy scarcities were becoming challenging. Canadian company TransCanada Pipelines Ltd. was incorporated in 1951 to undertake the creation of a natural gas pipeline across Canada. The financing of the project was split 50-50 between American and Canadian interests. This was a substantial operation in Canada because extra work was temporarily available to be able to create the pipeline. Canada has now become a self-sufficient country and stopped relying so much on other countries for oil. This was the activation of not only the Alberta oil industry booming and thriving, but also a nation as a

    Read More

  • Keystone XL Pipeline Research Paper

    1942 Words  | 4 Pages

    The oil companies, the customers, and the average employee will not benefit from the construction of this pipeline. If the pipeline does its job, it will take the whole load of oil from Canada to the United States. The other companies which are already responsible for transporting oil will not be required to do their jobs, as it is being done for them. All of these companies will go out of business. With 3 more pipeline plans in place for Canada, people are wondering whether they will ever need to build a new one again. With all of these companies going out of business, many employees will have to be laid off. This will cause insufficient manual labor, thereafter causing a lack of jobs. All the former employees are going to have to find another job. Since they won't have time to prepare in advance, for that time being, they also won’t have any source of income. "In our view, Trans Mountain plus the Keystone pipeline would make the Energy East pipeline less needed," said Divya Reddy, a global energy analyst with the Eurasia Group. "In terms of the production outlook for the oil sands over the next 10 years, it doesn't seem like that extra capacity is actually needed." Nothing is going to happen right away or very fast. So, in the instance that the pipeline doesn’t work, the other companies will still be running. This means both things will still be used. This will cause competition for attention and/or tasks between the pipeline and existing companies. This may draw attention away from the task at hand. “While we forecast continued growth in Canadian oil production, there might be too much pipe if Trans Mountain expansion and Line 3 replacement and Keystone XL all start up by 2020” said Afolbi Ogunnaike, a senior analyst at Wood Mackenzie, in a note. Because of this pipeline, people are going to lose their

    Read More

  • The Effects of Keystone XL Pipeline Project

    1311 Words  | 3 Pages

    From the arguments, it is evident that the negative effects of the construction of Keystone XL Pipeline supersede its positive impacts, both on the United States of America’s economy and environment. Therefore, it is important that the country takes into consideration the negative effects that might be associated with the pipeline before embarking on its construction.

    Read More

  • Argumentative Essay On The Keystone Pipeline

    1244 Words  | 3 Pages

    The Keystone XL pipeline continues dividing the opinion of the people and being a controversial issue. The precious “black gold”, represents one of the main factors that moves the economy, nationally and globally. This extra-long pipeline will transport oil all the way from Canada to Texas. Some experts and the private oil corporation, who is the one in charge of this project, point to the benefits of this project, for example, will make the USA more independent from foreign oil, will create thousands of jobs and improve the economy. Nevertheless, are experts revealing how the pipeline is an unnecessary risk and will be negative for the environment, dangerous for the population living close to the big pipes, and long-term negative for the

    Read More

  • The Keystone Oil Pipeline Project

    1037 Words  | 3 Pages

    Many companies in the industry wish to see the newest phase of the pipeline completed because many believe that it would be very beneficial to almost everyone. One of the biggest benefits that the construction of a new section of pipeline would provide is the large amount of jobs that it would create. The new section of pipeline spans a large area from Canada to Nebraska. The sheer amount of construction that would need to be completed would create many new jobs.

    Read More

  • US Needs to Have Energy Independence

    795 Words  | 2 Pages

    Arguments: America is dependent on other nations for their ability to create energy. The United States is the world’s largest consumer of oil, at 18.49 million barrels of oil per day. And it will continue to be that way for the foreseeable future, considering the next largest customer of oil only consumes about 60% of what the U.S. does. This makes the U.S. vulnerable to any instability that may arise in the energy industry. In 2011, the world’s top three oil companies were Saudi Aramco (12%), National Iranian Oil Company (5%), and China National Petroleum Corp (4%).

    Read More

  • Mary and Max: A Dark Tale of Two People Finding the Light

    1639 Words  | 4 Pages

    Toronto Star Newspapers Ltd., 20 Nov. 2009. Web. The Web. The Web. 22 Apr. 2014.

    Read More

  • Canadian International Trade

    1250 Words  | 3 Pages

    Canada is great economic superpower that has yet to reach its potential. As the second largest nation by area, we possess vast natural resources. We are a massive importer and exporter on the world stage, who a play a vital role in the stability of the northern hemisphere. Through Canada’s international trade, we export vast quantities of many different foods stuffs, minerals and manufactured goods like cars, while we tend to import lots of Iron, Aluminum and Steel. Our relations with neighbouring nations have been integral in the success of our trade. In 1994 Canada became a member of the North American Free Trade Agreement or NAFTA with the US and Mexico. NAFTA reorganized Canada’s and America’s trading systems to work as one. The trade issue of recent months is about the rising costs of energy in Canada and in the United States. Newly elected President George W. Bush now is proposing a North American energy initiative for a continental power grid. This proposal puts Canada in a very uncomfortable situation. On the one hand we would love to share our resources and appease our super-power to the south. But on the other we prefer to leave our pristine land alone. The growing trend nowadays is that politicians are the ones wanting to please the Americans by giving away our resources, while it is the activist who is concerned about the vast environmental damage this energy legislation could entail.

    Read More

  • Brunelleschi's Chapel

    1269 Words  | 3 Pages

    Simon Fraser University. Web. The Web. The Web. 05 Feb. 2012.

    Read More

More about Keystone XL Pipeline

Open Document