I understand the oil is headed for export, and Canadian oil companies get the profits.
There is money there, but more importantly Keystone is an asset we can use to further reduce our oil imports from nations that we would prefer not to do business with.
Do we NEED Keystone? No, we really don't. Especially now that demand is way down, but more importantly US production is up markedly. So we may not NEED it, but it sure is a nice thing to have in our back pocket.
Venezuelan oil is tar sands oil, and we have always bought from them, but they hate us too. So why not cut them out altogether and just buy our tar sands oil from a nation we like to do business with?
It will create some jobs, it will make Canada a LOT of money (and I'm cool with that), and make the US a little money. But it becomes somewhat of a strategic financial asset...THAT is why I would like to see Keystone built.
