Kochs Won't Benefit From Keystone XL - But Warren Buffett Might

January 26, 2012

The Democrats are taking a beating over President Barack Obama's decision to "red light" the proposed Keystone XL pipeline that would transport oil from the Canadian tar sands to refineries on the U.S. Gulf coast.

According to some estimates, including one promulgated by the U.S. Chamber of Commerce's Institute for 21st Century Energy, the pipeline could, in the short term, lead to 20,000 new jobsat a time when they are sorely needed. Its construction would also help the nation become more energy secure.

To deflect from the political fallout, Democrats on Capitol Hill are trying to make the case that the pipeline would benefit Koch Industries, one of the world's largest privately-held companies and the left's principal bête noire. READ MORE

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