Keystone XL Will Pipe Energy And Economic Security To The U.S.

By Marty Durbin, American Petroleum Institute | August 2011, Vol. 238 No. 8

The Keystone XL pipeline is just one part of a broad access strategy that - along with areas currently off-limits to exploration and production in the United States and offshore - could provide 92% of U.S. liquid fuel needs by 2035. A quantity like this can make a big difference to us and to the world in terms of having extra supplies from such a reliable source.

Protecting Our Environment
Safety and the environment are two areas where the pipeline will not only meet industry standards, but exceed them. The Keystone XL project will utilize world-class technology with an industry-leading data collection and monitoring system and - according to the State Department’s Supplemental Draft Environmental Impact Statement - the project is not likely to result in additional GHG emissions from a global perspective.

Furthermore, independent analysts have found that the chemical composition of the oil is no different than oil from Nigeria, Venezuela, Alaska and California currently flowing through the U.S. pipeline system.

The reality is that global demand for oil is going to increase - and Canada’s oil sands will be developed with or without the pipeline. The real question is which consumers will benefit and where will it be better managed … in the United States, where we have the safest, most efficient refineries in the world, or elsewhere?

Turning Opportunities Into Reality
Through the Keystone XL pipeline project, the president has an opportunity to greatly enhance our nation’s economic and energy security. Without it, the United States will be forced to increase the amount of oil it imports at a time of increasing global turmoil.

As employees in the oil and natural gas industry, we must let our leaders know that construction of the Keystone XL Pipeline will be an economic boon for both the U.S. and Canada, while going a long way to strengthen U.S. energy security.

Author
Marty Durbin
is executive vice president of Government Affairs for the American Petroleum Institute, Washington, DC. Ph: 202-682-8000.