Keystone Pipeline Could Yield Taxpayers $44 Million A Day
Posted By Michael Bastasch On 10:20 PM 04/11/2017
The Keystone XL oil pipeline could generate about $44 million in tax revenues a day once it’s fully up and running, according to a new report.
“The expected economic, environmental, and strategic benefits of the Keystone pipeline outweigh its costs,” Kimberly VanWyhe, energy policy director at the American Action Forum, wrote in the report. “After nearly 9 years and more than $180 billion in lost economic activity, the Trump administration has demonstrated a commitment to move it forward.”
The 1,700-mile pipeline is expected to carry 830,000 barrels of oil a day from Alberta, Canada, to Gulf Coast refineries, and with crude at $53 per barrel, the project could yield taxpayers $1.6 billion a year, she found.
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http://dailycaller.com/2017/04/11/keystone-pipeline-could-yield-taxpayers-44-million-a-day/?print=1
