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Approve the Keystone XL Pipeline: 20,000 jobs created. The 1,700 mile Keystone XL Pipeline would link expanding Canadian crude production from tar sands with America’s first-class refining hubs in the Midwest and along the Gulf. The $7 billion project would roughly double U.S. imports of tar sands oil from western Canada.
Because the Keystone XL pipeline crosses an international border, the primary permitting agency is the State Department. However, oil production from tar sands is more carbon-intensive than traditional production, so environmentalist groups are staunchly opposed to it. As a result, the project has been in a permitting limbo for three years. By approving the project in short order, President Barack Obama would directly create more than 20,000 high-wage manufacturing jobs and construction jobs in 2011–2013, according to an independent analysis by the Perryman Group.
Fred L. Smith Jr. is president of the Competitive Enterprise Institute.
“Jobs” are deals between workers and employers, and so “creating” them out of unwilling parties is impossible. The state, though, can outlaw deals, and has. So: Eliminate the minimum wage for people younger than 25. The resulting boom in jobs for young people will amaze. Maybe it will inspire voters to get the state out of the job-outlawing business. Probably not, so sure are we that the state “protects” by stopping deals between willing parties.