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Cost and Benefit Research of a Keystone Pipeline

Kramer

5

Michayla Kramer

James Burns

American National Government

December 5, 2013

Keystone Pipeline

The United States may be the world’s top rated crude oil buyer. With nearly 6.79 billion barrels (2012 est.) consumed annually, america account for practically 22% of total environment petroleum consumption. This large demand requires a straight larger supply. Struggling to produce a large enough supply to meet the country’s demand, the United States count on net imports for 40% of the petroleum consumed (EIA). This foreign reliance on oil has resulted in elevated gas prices. Within the borders of america, a remedy has been proposed: the Keystone XL (KXL) Pipeline.

The KXL is normally a proposed $7 billion growth to the prevailing Keystone Pipelines. The prevailing pipeline commences in the oil sand areas of Alberta, Canada and leads to Cushing, Oklahoma. Currently, you will find a bottleneck of oil in Cushing. The growth would first cover the 1,700 miles between Cushing and the Gulf Coast of Texas, where oil refineries abound. Second, it could add a new section running from Alberta to Kansas. This might go through the Bakken region of eastern Montana and western North Dakota. That is an area where oil extraction happens to be booming. This growth would altogether cover six claims: Montana, South Dakota, Nebraska, Kansas, Oklahoma,

Kramer

5

Michayla Kramer

James Burns

American National Government

December 5, 2013

Keystone Pipeline

The United States may be the world’s top rated crude oil buyer. With nearly 6.79 billion barrels (2012 est.) consumed annually, america account for practically 22% of total environment petroleum consumption.
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100009098
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CREATED ON
12 May 2018
COMPLETED ON
14 May 2018
Price
$12
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