With both houses of the legislature now controlled by the Grand Old Party, the question of the Keystone Pipeline is popping up in the news. The Republicans are talking about how it will infuse $3,200,000,000.00 into the economy if it is built from the Canadian border with America down to the Gulf of Mexico. That is $3.2 billion more dollars for the economy. That is $3.2 billion in labor and materials for America.
At first I thought “What a great deal!” but after further analysis, I say there better be something better than that for a pipeline cutting America in half carrying crude oil from Canada to be sold on whatever market they want.
Even if the pipeline was built in a year (which I don’t think it could be), that would be a one time injection of three billion dollars. More than likely it would take at least four years to build it equating to a 800 million dollar annual increase for that time. 800 million dollars sounds like a lot of money but when you put it into prospective it is not. 800 million is nothing compared to the gross national income for America in 2014 which was $16,399,000,000,000.00. That would be the same as someone who made $100,000 per year getting a bonus of $4.88 per year for four years. If they built it in one year, that bonus would be a one time deal at $19.52.
Once you take into the environmental impact that such a pipeline could make it is not worth it for $3.2 billion dollars.