Government Regulation of the Oil Industry: Keystone Pipeline Essay

The spinal column seam has been in intelligence operation for several months and has been the subject of scrutiny, political bantering and environmentalist activism. Keystone Pipeline is a transcontinental synthetic oil project that runs from Canada to the Gulf Coast. twirl of such a course bears many risk associated with ecosystem disruption and environmental hazards.President Obama blocked the pipelines extension noting several studies that the pipeline would have adverse impact on air and water supply supplies. Its master copy route crosses the Sandhills in Nebraska, the large wetland ecosystem, and the Ogallala Aquifer, one of the largest reserves of fresh water in the world. The Ogallala Aquifer spans eight states, provides beverage water for two million people, and supports $20 billion in agriculture.A major leak could ruin drinking water and devastate the mid-western U. S. economy. (Source WikiPedia) Almost by default, the opposition party rebutted the chairmans decis ion claiming he was a killer of conjectures. Studies completed for Keystone has demonstrated that approximately 2,000 employees would be needed to complete the pipeline and about(predicate) 25% of that would be permanent employment. In my view the potential environmental exist outweigh the economic ones in this situation.Keystone supporters purport the urgency in its construction to curb our dependence on foreign imports for energy. The cost to extra the sand, refine it to a now synthetic oil, transport it across country by far produces more energy than will truly be used in its life cycle. Government regulation, in this instance, has turn out mildly effective. Given that we are now in an election season, this job destroying vote may come back to bite.