Keystone XL Will Increase Gas Prices: Explained

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http://www.thenation.com/blog/168011/keystone-xl-will-increase-gas-prices-explained

Proponents of the Keystone XL pipeline have two central arguments: that the project will create jobs and lower gas prices. That would make it a wonderful undertaking—if either claim were true.

On the jobs front, the Cornell Global Labor Institute estimates the project would create only 2,500 to 4,650 short-term construction jobs—not the “hundreds of thousands” of jobs claimed by House Speaker John Boehner.

And as we’ve noted, Keystone XL will ultimately raise gasoline prices in the United States. While Boehner has said, “We want lower gas prices for the American people” by completing the project, that simply isn’t the case.

Here’s a more detailed explanation of why that won’t be, courtesy of a new, in-depth report from the National Resources Defense Council.