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There might be unintended economic consequences to the construction of Keystone XL. As an example, the additional north-south crude oil transport capacity brought by Keystone XL will increase the price the oil sands producers receive for their oil. These higher revenues will have a positive impact on the development of the industry in Alberta. In return, due to the Petrodollar nature of the Canadian currency these same additional revenues will strengthen the Canadian dollar versus the United States dollar. Based on historical trends, this stronger Canadian dollar will result in a reduction of the competitiveness of Canada's manufacturing industry and could lead to the loss of 50,000 to 100,000 jobs in Canada's manufacturing sector.[1][unreliable source?] Many of these jobs, such as the ones in the auto industry, would likely find their way south and have a positive impact on manufacturing employment in the U.S.[2][failed verification]
The early paragraphs should state what type of oil the various parts of Keystone are to carry. If it is all tar sands oil, this is heavier than water and sinks into the soil slowly after a spill. The only spot where any oil quality is discussed is under Safety: 2The Bakken oil is of a higher quality than the Canadian sand oil and can be sold to east coast refinery at a premium that they would not get sending it to Gulf refineries."
Tero111 (talk) 17:11, 12 December 2022 (UTC)[reply]
This article is currently the subject of a Wiki Education Foundation-supported course assignment, between 15 January 2025 and 23 April 2025. Further details are available on the course page. Student editor(s): Bkirschner7 (article contribs).
This article is currently the subject of a Wiki Education Foundation-supported course assignment, between 15 January 2025 and 23 April 2025. Further details are available on the course page. Student editor(s): Bkirschner7 (article contribs).