WSJ Opinion: The Keystone Debacle

The U.S. decision to allow the Keystone XL pipeline to go forward should have been easy.

The pipeline would mean at least 20,000 new construction jobs. It would provide lower cost and reliable shipping opportunities for surging North Dakota oil production. Shipping petroleum from Canada’s oil sands to the Gulf of Mexico means refiners there would gain a ready replacement for declining supplies of Mexican and Venezuelan crude. Most importantly, it would reinforce expectations that massive and long-term North American infrastructure investments could proceed free of political risk.

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The Cost of Banning No. 6 Oil in New York City

The following EPRINC report evaluates the costs to New York City residents of a proposal to ban the use of No. 6 fuel oil (residual fuel oil).  The report outlines a cautionary story. The NYC regulatory program requires consumers now using No. 6 oil to blend down the fuel oil with ultra low sulfur heating oil.  The costs of the program under most market conditions are not trivial and will raise heating costs by at least 35 percent in some neighborhoods.  

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