Let’s stop wasting money on the slide-rule technology of Keystone XL or Sabal Trail: they’re both bad investments, either short-term or long-term.
Andrew Winston wrote for Harvard Business Review 30 January 2015, Why the Keystone Pipeline Is the Wrong U.S. Energy Debate,
In the short run, with oil at $50 per barrel, Keystone will connect refineries to oil that may be unprofitable to extract. In the long run, as the world turns away from fossil fuels aggressively, the pipeline will be moot — a relic of the past.
Either way it’s a poor investment.
What, then? Continue reading