Progress for the pipeline

Monday, November 27, 2017
 | 
Chris Woodward (OneNewsNow.com)

oil pipeline constructionNebraska's approval of the Keystone XL pipeline is being viewed as a partial victory.

The approval from Nebraska's Public Service Commission (PSC) is not for the original route that TransCanada applied for when the project was proposed several years ago. Therefore, Kenny Stein of the Institute for Energy Research (IER) says it creates another set of issues and more possible litigation.

"They have a new route now that they have to get deals with the landowners, and there's going to be litigation on that," he explains. "So it's not 100 percent victory, but it's something at least."

TransCanada is reportedly evaluating the PSC's approval and assessing how the decision would impact the cost and schedule of the project.

Still, oil is much cheaper today than it was nearly a decade ago, when TransCanada proposed Keystone XL.

"TransCanada right now is working on it," Stein comments regarding TransCanada's interest in the project. "It is a different economic environment, but that's not an argument for not approving the pipeline."

Stein believes society is far from doing away with oil as a major energy source for vehicles, ships and, aircraft.

"We'll reduce our oil consumption in the future, but we're not eliminating oil certainly within my lifetime," he submits.

Meanwhile, OneNewsNow did ask about the safety of pipelines, given the recent oil spill in South Dakota involving the Keystone pipeline.

"Pipelines do spill, but they're still by far the safest, most environmentally friendly way to move energy around, oil and gas," says Steins. "The oil is still going to come up out of ground, and it's either going to be transported by rail or road, where accidents are more frequent."

Consider Supporting Us?

The staff at Onenewsnow.com strives daily to bring you news from a biblical perspective. If you benefit from this platform and want others to know about it please consider a generous gift today.

MAKE A DONATION

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

Would you prefer that Attorney General Jeff Sessions uphold the laws of the United States – or the laws of the United Methodist Church?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Trump administration says it knows location of all children
UK euroskeptics urge PM May to prepare for 'no deal' Brexit
Kushner rips Abbas, says Mideast peace plan due 'soon'
Saudi women take the wheel as longstanding driving ban ends
Trump pushes tough immigration stance in Nevada appearance
Debate over migrants divides EU; Mini-summit seeks solutions
8 vie in primaries to succeed centrist Colorado governor

LATEST FROM THE WEB

Immigration policy gives Trump-hating media a new reason to go overboard demonizing him and his team
Supreme Court poised to rule on Trump travel ban, other cases
Gunman dead after 2 cops shot in San Diego standoff; 1 officer reported clinging to life
DOJ hands over documents to GOP committees after contempt threat
California Public Health department reports 374 doctor-assisted deaths in 2017

CARTOON OF THE DAY

Cartoon of the Day

REASON & COMPANY

NEXT STORY
'Christmas-friendly' or not? AFA helps you shop

Toys 'R' Us storeAmerican Family Association (AFA) has issued its annual rating of retailers and how they market to Christmas shoppers.