The Feb. 5 editorial about the Keystone pipeline missed some key points:
1. Canada has vast oil resources in its oil sands -- the third largest after Saudi Arabia and Venezuela.
2. Canada produced 1.7 million barrels of oil per day (BPD) in 2011. Projections indicate 3.7 million BPD will be produced in 2021.
3. Canada is determined to move this oil to any market worldwide. U.S. failure to authorize the pipeline will only delay its ultimate use by a few years.
4. If Obama turns the project down, its 800,000 BPD will flow to Asia, principally China, where it will be processed in inefficient, lightly monitored refineries, generating more greenhouse gases than if processed in highly regulated, sophisticated U.S. refineries.
5. Regulations allow Canadian oil delivery by train to U.S. refineries. This approach is unattractive because of its higher fuel consumption with greater greenhouse gas emissions and the risk of train derailments.
6. The need for energy independence has never been greater. We live in an unstable world with numerous hotspots such as Iran and Syria as well as the threat of Islamic terrorists, China's threat to seize nearby Japanese islands, etc. Oil from Canada is a comforting thought.
7. The pipeline will create thousands of high-paying jobs during its construction and later in refineries and related businesses. The potential also exists for lower fuel costs, which could further improve the overall economy.
Authorizing the pipeline could be the greatest accomplishment of Obama's presidency.
Hilton Head Island