February 29, 2012

The Keystone XL Pipeline: REMI Estimates of Economic Impacts from Construction and Operations

The REMI PI+ macroeconomic model was incorporated for this study and was used against other modeling softwares to try and ascertain the accurate amount of jobs set to be initialized by the Keystone XL pipeline and the economic climate of crude oil surrounding the building of this pipeline. The REMI model resulted in the lowest overall figures, but the transparency of how the model calculated the numbers given and arrived at its conclusions determined that it was the most accurate model to use with this type of forecasting.

E&WE/REMI – Keystone XL White Paper [full PDF]