IND readers are aware we’ve hardly been a rubber stamp for everything on the oil and gas industry’s agenda. Today, however, we offer our unambiguous support of a project important to meeting American energy needs, the Keystone XL Pipeline.

To be sure, wise long-term analysis of Louisiana energy projects’ environmental impact has not been a hallmark of our state’s elected and appointed representatives in Baton Rouge. Witness our local legislative delegation standing at rigid attention, ready to be first to put the knife in a lawsuit aimed at holding guilty a group of oil and gas actors responsible for their undeniable role in destruction of our coastal wetlands. Alas, it is a pathetic, discouraging sight.

Pipeline-Map  
Source: TransCanada  
The Keystone XL Pipeline is a proposed 1,179 mile, 36-inch-diameter crude oil pipeline that goes through a number of states and provinces on its route south, including Alberta and Saskatchewan in Canada, and Montana, South Dakota and Nebraska in the U.S. Along with transporting crude oil from Canada, the Keystone XL Pipeline will transport oil from producers in Texas, Oklahoma, Montana and North Dakota.  

Building awareness of the need for smart policy about our land and waters and how drilling impacts them isn’t an easy sell in a state whose residents continue to derive so much personal financial benefit from the oil and gas industry. But we must build that awareness if there’s to be a South Louisiana left to live in. And we have the outnumbered, though increasingly influential activism of the state’s environmentally aware to thank for it. As difficult as our coastal plight is, where would we be were it not for the John Barrys of our world?    

But not all environmental initiatives are created equal, or as worthy of support as the righteousness of the little New Orleans-area levee board going up against the Goliath of oil and gas. Opposition to the Keystone is such an example. In the matter of Keystone, the environmental lobby is just plain wrong, as it is a safe and needed addition to America’s network of pipelines that gets oil to market. And there is precious little evidence to the contrary.

Until alternative fuel sources become competitive in availability and cost with our existing carbon-based mainstream supply, we have little choice but to rely on fossil fuels. This pesky fact just can’t be denied. Surely, we hope that time will come sooner rather than later, and we heartily support government funding of innovation to speed arrival of that day. But even the most knowledgeable and enthusiastic of environmentalists know that day is not right around the corner.

In the meantime, regardless of the worldwide climate crisis in which we’re fully engaged, it’s in our collective interest to facilitate America’s relentless need for the oil that runs our cars, heats and cools our homes and powers our factories. The Keystone will facilitate this by getting oil extracted from the buried sands of our friendly Canadian neighbor, down to our U.S. refineries to be converted to gasoline and related products.

Recent, objective studies show Keystone to be the safest, most environmentally secure and least expensive means to get the product to market. And now that the U.S. State Department has announced it found no major basis to oppose the project after an intensive and long-awaited review, it’s time for President Obama to provide his needed seal of approval.

More, we urge Sen. Mary Landrieu, the recently installed chair of the highly influential Senate Energy and Natural Resources Committee, to use her newfound influence in Congress and the White House to push Keystone over the top.

It’s in all of our collective interest to do so.

 

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.79 ▼0.07 (-0.31%)
o Frank's International 17.23 ▲0.21 (1.23%)
o IberiaBank Corp 68.86 ▲1.46 (2.17%)
o LHC Group 24.35 ▲0.03 (0.12%)
o MidSouth Bancorp 18.94 ▼0.21 (-1.10%)
o Petroquest Energy 4.70 ▲0.34 (7.80%)
o PHI Inc. 42.82 ▼0.18 (-0.42%)
o Superior Energy 25.15 ▲0.17 (0.68%)
o Stone Energy 24.50 ▲0.26 (1.07%)
o Facebook Inc. 74.99 ▲0.88 (1.19%)
o Twitter Inc. 41.47 ▼0.33 (-0.79%)
o Gannett 31.50 ▲0.34 (1.09%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.79 Trade time:4:00PM EDT Value change:▼0.07 (-0.31%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:17.23 Trade time:4:02PM EDT Value change:▲0.21 (1.23%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:68.86 Trade time:4:00PM EDT Value change:▲1.46 (2.17%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:24.35 Trade time:4:00PM EDT Value change:▲0.03 (0.12%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.94 Trade time:4:04PM EDT Value change:▼0.21 (-1.10%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.70 Trade time:4:01PM EDT Value change:▲0.34 (7.80%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.82 Trade time:3:25PM EDT Value change:▼0.18 (-0.42%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:25.15 Trade time:4:02PM EDT Value change:▲0.17 (0.68%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:24.50 Trade time:4:06PM EDT Value change:▲0.26 (1.07%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:74.99 Trade time:4:00PM EDT Value change:▲0.88 (1.19%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:41.47 Trade time:4:01PM EDT Value change:▼0.33 (-0.79%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:31.50 Trade time:4:04PM EDT Value change:▲0.34 (1.09%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement