No one talks about Nebraska much unless they are talking about Mr. “Tax them, but not me” Buffett or the Cornhusker football team. There is a huge controversy there now.
It’s over jobs, jobs, jobs and you would think that in this economy when we are headed to a Depression, people would “get it”. But, they don’t. The fight is over a pipeline from Canada that would bring another source of oil to the US.
Environmentalists are against it at all costs. They say a spill will hurt the environment of Nebraska. I have been to Nebraska. Here is a photo of the Nebraska environment.
We ought to make an economic decision here. Look at the total amount of GDP that would happen with all the jobs that would be created from building the pipeline. On the other side of the equation, measure the cost of a typical pipeline oil spill, total up the cost to the environment and the cost to clean it up (of course, subtracting out the costs to hire the people to clean it up!) and see where the equation winds up. Even with a higher probability of an oil spill out of the pipeline, my educated guess would say the pipeline wins.
Here is another picture of Nebraska’s fragile environment.