Ferguson: Saying No to the Keystone Pipeline Has Strategic Implications for U.S. and China

DailyTicker

The Whitehouse is expected to make a decision on The Keystone Pipeline by this summer or fall. The proposed 1,700 mile $7 billion project, which would bring 700,000 gallons of oil from Canada to the Gulf Coast each day, has been controversial since day one. Environmentalists call foul saying that extracting and producing tar sands oil emits greenhouse gasses and permanently damages the ecosystem. Others say that the pipeline would create jobs and make the U.S. less dependent on overseas oil.