I'm pretty indifferent to it. With any new oil endeavor, I just would like to know for sure who pays for the cleanup when spills happen and how they plan to do that.
Who is paying for the spills and clean ups now?
It's another scam. We will get none of the it. It creates a total of thirty-five permanent jobs. There have been several oil spills with this type of oil and none have been completely cleaned up.
Very basically, we take significant, long-term ecological and economic risks for virtually gains. If this is such a good and safe idea, why don't the Canadians build the pipeline to BC?
Right now, the cost to extract and ship the oil requires the price of oil to be something like $75 / barrel in order to be profitable (I think the number is around there, but I won't swear to it).
Keystone XL reduces the cost of transporting the oil and lowers the price of oil required for the process to be profitable.
Sure, but it's my understanding that this isn't oil that will be used domestically. So the impact for the average US citizen is pretty negligible.
Correct. Oil is an international commodity. I think the people most impacted are the refiners in the gulf. Additional supply will have a price suppressing effect on the market (assuming there's no supply drops from other areas), but I don't know how much.
And remember, this is a Canadian company who profits most from Keystone XL.