Timing is ripe for Keystone XL pipeline's approval

01/7/2013 | Oil & Gas Journal (subscription required)

The timing is right for President Barack Obama to clear TransCanada's Keystone XL pipeline as the U.S. continues to deal with high unemployment and a weak economy, according to the editorial board of Oil & Gas Journal. While there are environmental risks associated with the pipeline, its construction is expected to generate jobs and its operation is seen to strengthen energy security and the economies of both the U.S. and Canada. The benefits outweigh contentions against the project, the editorial board argues.

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