The $5.3-billion Keystone XL Pipeline Project is the largest infrastructure project currently proposed in the United States. Construction of the 1,179-mile pipeline will require 9,000 skilled American workers. The project will provide jobs for welders, mechanics, electricians, pipefitters, laborers, safety coordinators, heavy equipment operators and other workers who rely on large construction projects for their livelihoods.
In addition to construction jobs, an estimated 7,000 U.S. jobs are being supported in manufacturing the steel pipe and the thousands of fittings, valves, pumps and control devices required for a major oil pipeline.
TransCanada has contracts with more than 50 suppliers across the U.S., including companies in Texas, Missouri, Pennsylvania, Michigan, Oklahoma, South Carolina, Indiana, Georgia, Maryland, New York, Louisiana, Oklahoma, Minnesota, Ohio, Arkansas, Kansas, California and Pennsylvania.
TransCanada is currently employing 4,000 Americans in Oklahoma and Texas on construction of the $2.3-billion Gulf Coast Pipeline Project, which is expected to be complete by the end of this year.
Construction and development of the Keystone XL and Gulf Coast Pipeline Projects is anticipated to generate $20 billion in economic impact in the United States, including $99 million in local government revenues and $486 million in state government revenues during construction.
The pipelines will also generate an estimated $5 billion in additional property taxes during their operational life.
The Canadian Energy Research Institute predicts that Keystone XL will add $172 billion to America’s gross domestic product by 2035 and will create an additional 1.8 million person-years of employment in the United States over the next 22 years.
Keystone XL Pipeline Project will provide good-paying jobs for U.S. families in addition to millions of dollars in annual tax revenue for local governments.
The majority of jobs will be created during pipeline construction
Jobs will likely include positions for equipment operators, welders, mechanics, truck drivers and laborers
Business and contracting opportunities — Pipeline construction will create demand for local goods and services, including clearing, gravel supply, construction equipment supply and maintenance, lodging and accommodation
Annual tax revenue — Once the pipeline is in operation, property taxes will flow to communities across the United States to support school and hospital districts, emergency services and other local programs
Investment in local communities — The operation of the pipeline will also support the economies of communities surrounding our operations, which means increased revenues
He’s plain stupid.
OK Obie. How is this different from stimulus infrastructure spending???
The man is a blithering idiot...........
The media covered this Azhat as though he knows everything, when he really knows nothing.
TRANSLATED: U.S. President Barack Obama will NOT support the construction of the Keystone XL pipeline, and never planned to support it. He needed to get votes, but is now going to try to kill the economy again.
What a dork. He labels every concept or idea that he does not favor as “phony”.
What does he know about real jobs???
It’s 2000 more private sector jobs than we have now. What a baffoon.
Pray for America to Wake Up
Who is John Galt?
Obama is a liar and a kook.
Sure, huge construction projects and bringing loads of oil in for sale don’t help the economy.
Billions and billions of dollars don’t help the economy.
Increasing world oil supply at greater efficiency doesn’t help oil prices.
The unicorns told me. And these leftist SOB’s have the nerve to talk about conservatives as flat earthers???
No one has mentioned the obvious. The Saudis will be the biggest losers and are probably paying a princely sum to Zero and the Dems to block it.
obama has NEVER run as much as a snowball stand... the only job that he ever held... a real job and not a professional agitator... was working for two weeks at Baskin and Robbins... and he was fired from there. He knows nothing of business or jobs... sodomy he knows... fellatio he knows... dope he knows... marx he knows... business... he knows NOTHING!
LLS