Obama fought the construction of the Keystone XL pipeline tooth and nail as eco-warrior snowflakes pressured him to stay away from it, citing environmental and “global warming” concerns.
But as soon as President Trump was sworn into office, one of his first executive orders was to approve and advance construction of the project — a project that anyone able to use logic and common sense understood that it will be a huge economic stimulator for America.
Even better for taxpayers, Keystone XL, once fully completed, will deliver massive amounts of revenue for taxpayers.
The Daily Caller reports:
The Keystone XL oil pipeline could generate about $44 million in tax revenues a day once it’s fully up and running, according to a new report.
“The expected economic, environmental, and strategic benefits of the Keystone pipeline outweigh its costs,” Kimberly VanWyhe, energy policy director at the American Action Forum, wrote in the report. “After nearly 9 years and more than $180 billion in lost economic activity, the Trump administration has demonstrated a commitment to move it forward.”
The 1,700-mile pipeline is expected to carry 830,000 barrels of oil a day from Alberta, Canada, to Gulf Coast refineries, and with crude at $53 per barrel, the project could yield taxpayers $1.6 billion a year, she found.
The State Department noted that the new pipeline will support at least 42,100 jobs and create 50 permanent jobs of which 35 will be full time and 15 will be temporary contractors,” VanWyhe wrote. “The State Department report also stated that these jobs will account for nearly $2 billion in wages which would average approximately $47,000 per employee.”
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