How Many Jobs Will Keystone XL Really Create?

One of the big economic debates around Transcanada's (NYSE: TRP  ) Keystone XL pipeline is how many jobs it will create. Some of the most ardent opponents claim that only a few dozen jobs, while its most loyal supporters will claim numbers as high as 550,000. How can these numbers be so wildly different? It all comes down to how you measure it. 

In reality, though, the value of the Keystone XL pipeline isn't measured in jobs. It's measured in the cost savings of importing Canadian oil versus more expensive crudes from other foreign countries. The combination of the Keystone XL pipeline, and the expansion of Enbridge's (NYSE: ENB  ) mainline expansions, could displace up to 40% of oil imports to the U.S. Gulf Coast region. This would not only provide a higher level of energy self-sufficiency, but it would also significantly reduce the costs for refiners in the Gulf region. Tune into the video below where contributor Tyler Crowe discusses how jobs estimates for projects can be adjusted to fit the narrative you want, and what is more important with this kind of project.

Don't let your financial future be as uncertain as the fate of the Keystone XL pipeline. We want to help you establish your portfolio with a solid foundation built to stand the test of time. With this in mind, our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks, drawing up a list in this special report of the only nine that fit the bill. To discover the identities of these companies, you can download this valuable report for free by simply clicking here now.

Read/Post Comments (2) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 02, 2013, at 5:22 PM, toomuchgas wrote:

    One thing for sure is that Obama is hurting TRP by holding up the pipeline. Alternatives will be built which are not as safe or efficient.

  • Report this Comment On August 02, 2013, at 6:13 PM, cdkeli wrote:

    I've heard the real number is more like 32 (source: EPA) long-term jobs. But the congressional republicans repeat over and over again like a mantra the 25,000 lie that the EPA has vehemently denied and TransCanada has long since revised downwards to their still rediculous, 5000.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2574654, ~/Articles/ArticleHandler.aspx, 9/24/2016 8:26:29 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 23 hours ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
ENB $43.70 Down -0.29 -0.66%
Enbridge CAPS Rating: *****
TRP $47.80 Down -0.48 -0.99%
TransCanada CAPS Rating: ****
VLO $55.67 Up +0.07 +0.13%
Valero Energy CAPS Rating: ****