BRING IT HOME

Keystone XL
You might have heard about Keystone XL in the news. It was a pipeline system designed to bring oil from Canada to

the refineries near the Gulf of Mexico, as well as to boost crude oil production in the United States. While a private

company, TransCanada, planned to build and own the pipeline, U.S. government approval was required because of

its size and location. There were four phases in plans to build the pipeline, and the first two of these had been in

operation.

Sounds like a great idea, right? A pipeline that would move much needed crude oil to the Gulf refineries would

increase oil production for manufacturing needs, reduce price pressure at the gas pump, and increase overall

economic growth. Supporters argued that the pipeline would be one of the safest pipelines built yet, and would

reduce America’s dependence on politically vulnerable Middle Eastern oil imports.
282 12 • Environmental Protection and Negative Externalities
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