Following comments from vice presidential candidate Paul Ryan on his ticket’s promise to deliver the Keystone XL, API senior economic advisor Rayola Dougher made an appearance on Fox Business to explain why the new American president, whomever that may be, should see this project to fruition.
- KXL will create 20,000 shovel-ready jobs for Americans
- KXL will bring 700,000 additional barrels of oil/day to refineries in the Gulf Coast. That’s half of what we currently import from the Persian Gulf.
- For every dollar that the U.S. spends in Canada, Canadians spend 89 cents in the U.S — as compared to the 33 cents we get in return from the Persian Gulf. That’s a difference of 90,000 American jobs.