The Keystone XL pipeline is a 7 billion dollar project, which would incorporate a 1,700 mile long oil pipeline with the ability to transport 700,000 barrels worth of oil per day. The concept of the project is that it would act as a continuance or extension of an already existing pipeline. The current pipeline transports oil from Alberta, Canada to Illinois. The Keystone XL pipeline will transport oil from Alberta to Gulf Coast oil refineries. The company responsible for the project is called TransCanada. The pipeline will cross international borders and for that reason it will acquire approval from multiple entities. Each state that the pipeline would enter needs to OK the project. On top of that it also needs approval at the federal government level. An article I read indicated that the Obama administration likes the concept but they want to reconsider a route outside of Nebraska.
Another important aspect of the project that should be noted is the type of oil they are using and what is associated with that. The pipeline transports what is known as tar sand oil. Tar sand oil is a naturally occurring substance that is very common in Canada. It is a mixture of solid materials (sand and clay), water, and it is saturated in a petroleum (further described as bitumen). The reason this should be noted is that, while there is a surplus amount in Canada, tar sand oil is much more harmful to the environment then average basic oil. Tar sand oil emits a higher content of greenhouse gas. For this reason many oppose the Keystone XL project and it is having issues getting completed.
References:
– http://keystone-xl.com/?gclid=CI3zipSThL4CFYc7OgodphEAmg
– http://www.nationaljournal.com/congress/keystone-xl-pipeline-just-the-facts-20111208
– http://en.wikipedia.org/wiki/Oil_sands
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