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."

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