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View Diary: Republican uses Easter/Passover rites to threaten Obama over Keystone XL, as cleanup in AR continues (8 comments)

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  •  NBC Business News did an in-depth report (6+ / 0-)

    on the Keystone XL pipeline when it was in the news the first time (2011-12), titled Keystone pipeline claims just don't add up.  The situation hasn't changed much since the article was written, except the number of permanent jobs the pipeline supporters claimed would be created back then has been lowered to 35.  Otherwise NBC's in-depth analysis of every claim made by TransCanada, the pipeline company, is still relevant.  A sampling:

    The fallacy I see with a lot of the arguments that are going back and forth now is to try to say you can somehow spend $5 billion and not create some economic activity," said Robert Perryman, author of the report. "You can't do that."
    Perryman's report was commissioned by the pipeline company.
    But critics say the jobs created will be a drop in the bucket of the U.S. labor force, which totaled more than 153 million people in January. Even if those jobs were added in a single month, they would reduce the unemployment rate by just 0.01 percent. When measured against just the construction and manufacturing workforces, the impact would be 0.07 percent.

    Critics of the company's claims, including a group of Cornell University researchers, also note that the employment impact would amount to the equivalent of 15,000 jobs that last only a year.

    "We're not looking down our nose here at temporary jobs. A six-month job is better than no work," said Sean Sweeney, one of the authors of a report on the pipeline's economic impact. "But the actual effect of the project is finite. It's not going to create jobs permanently."

    This is one of the best critiques of the claims made by TransCanada that I have found, written in plain English without the oil industry jargon that makes other in-depth analyses difficult to follow.

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Sun Mar 31, 2013 at 11:46:15 AM PDT

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