Aschere Energy believes the economic benefits stemming from the construction of pipelines namely job opportunities are compelling considering the current 8 percent unemployment rate in the nation.
Aschere Energy has confidence in estimates that approximately 20,000 shovel-ready jobs would be generated by the construction of a pipeline.
Research conceding the project estimates the operation of a pipeline from Canada into the United States would generate 179,000 American jobs by the year 2035.
Currently, the United States relies on imported energy to meet 45 percent of its energy demands. Oil is a global commodity subject to the forces of supply and demand of the marketplace.
A potential increase in supply from the Keystone Pipeline will definitely have an impact on domestic prices of gasoline. Aschere Energy Dallas believes that calculated development of natural resources such as the Utica Shale and the increased supply from Canada will not only reduce the cost fuel but eradicate the country’s dependence on foreign sources of oil that involve the nation with countries that have open hostility to the United States.
According to the Energy Information Administration, the global price of crude oil determines about 75 percent of the price of gasoline. The pipeline will deliver an additional estimate of 800,000 barrels of oil per day to the United States from Canada, serving as potentially the largest supply of international oil.
Although the project has tremendous benefits, the issue has been greatly politicized by the U.S. President in the international arena, as he delayed the project fearing it may upset his political allies on the Left. In fact, the U.S. State Department received the permit application in 2008, yet the President has not made a decision.
Moreover, extensive studies have been conducted on the project during the last four years. It has been determined to be efficient and safe environmentally for transporting oil. For example, the proposal has been re-routed for protecting areas in Nebraska which were found to include environmentally sensitive sites.
Ultimately, Aschere Energy believes this is not the time for developing a transformative because of fear of political backlash. The project has profound potential of developing employment opportunities and reducing the price of gasoline without harming the environment.