Council on Foreign Relations: KXL Job Estimates Exaggerated
A new post from Michael Levi at the Council on Foreign Relations turns to debunking Keystone XL jobs claims produced recently by TransCanada and its allies. Levi has in the past written takedown pieces on claims made by Keystone XL opponents, so his credibility for pipeline supporters may still be intact. Levi takes on recent reports by the Perryman Group and Canadian Energy Research Institute, which argue, respectively, that Keystone XL will generate either 250,000 or 270,000 jobs in the U.S. One major flaw Levi identifies is the assumption that price and other market impacts will exist in the U.S. alone, while oil is and will continue to be a very global market. Levi’s bottom line:
Let me be clear: I’m not claiming that Keystone XL will create 7,000 or 8,000 or 40,000 jobs. I find the entire approach of the Perryman study suspicious. What I’m saying is that even if you buy its overall methodology, fixing the basic numbers leads you to much lower jobs estimates. In reality, the actual jobs impacts might be lower or higher than the numbers I’ve shown here. What’s for certain is that the 250,000 figure isn’t supported by the analysis presented.