The case for building Keystone XL Pipeline is as strong as it was five years ago.
The U.S. Energy Information Administration (EIA) posted its early release of the Annual Energy Outlook 2014 (PDF, 485 KB) on December 16, 2013. The study simply reinforces what many Americans already know: Keystone XL is needed not only to support the safe and reliable transport of North American energy, but to help reduce the amount of overseas imports from Venezuela and the Middle East.
The report clearly shows that while imports have decreased in recent years, thanks to the boom in domestic production, the United States will continue to import anywhere from five to eight million barrels of oil every day, until 2040. The key for the United States is to make sure those barrels are delivered as safely and securely as possible.
The national and energy security benefits of Keystone XL are undeniable. Previous cross-border oil pipelines, such as the first Keystone Pipeline, were approved precisely because they served the national interest of the United States.
“The [State] Department has determined that issuance of the permit to TransCanada Keystone Pipeline LP is in the national interest, in part, because it increases U.S. market access to crude oil supplies from a stable and reliable trading partner, Canada, that is in close proximity to the United States.” – State Department Issuance of Presidential Permit for Keystone Pipeline, March 14, 2008.
Keystone XL means that more of Americans’ energy dollars stay in North America, benefiting governments, workers and local communities. Keystone XL will help modernize the country’s energy infrastructure, built by American workers who are able to earn a good living to provide for their families and their health and retirement benefits.
Keystone XL means that millions of barrels of oil will move to U.S. refineries in the safest, most efficient and environmentally responsible way.