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But a clear-eyed view of the Keystone pipeline’s economics and the proper long-term market for the crude oil already being pumped out of the ground in Canada is impossible to obtain amid the sound and fury of the political debate over these several hundred miles of pipe. If TransCanada wants to take a risky bet, it should be allowed to risk its money in accordance with the law — and the cleanup of backyards in Arkansas and the inevitable fines paid by ExxonMobil shouldn’t be its problem.
Dialogue and debate is good. But it must not be allowed to take the place of reason and fact.
Peter Gardett is founding editor of Breaking Energy and AOL Energy.