Many people who have studied the issue tell me that the Keystone XL issue is mostly symbolic, because the Alberta oil sands are going to be used one way or another. But I’m having some second thoughts because of arguments made (here) by Berkeley economist Max Aufhammer. He’s a pretty hard-headed analyst, not given to flights … Continue reading »
oil pipeline
Not building Keystone XL will likely leave a billion barrels of bitumen in the ground
I am not a fan of blanket statements. Whenever oil sands come up in casual conversation, many of my economist friends argue that “the stuff will come out of the ground whether we like it or not”. When the discussion turns to Keystone XL, the general attitude is that “it simply doesn’t matter. The Canadians … Continue reading »