Of course, that doesn't mean the pipelines are good for American steelworkers. TransCanada could have contracted with American steel mills to produce the steel for its pipes right here and improve the economic impact. Instead, U.S. Steel's Granite City Works sits idle, with 2,000 hard-working Americans laid off, while TransCanada imports bargain steel from India.
Good for America: right. No foreign corporation is interested in doing what's good for America or for anyone else other than itself. TransCanada can take the low road if it wants... but they can at least spare us the bull, and we can do ourselves the favor of not falling for their faux-patriotic marketing.
Update 2009.05.17 07:20 CDT: See the "Made in India" stamp and read more at the New York Times. Turns out TransCanada is buying some U.S. steel for Keystone I—30% American, 23% Canadian, 47% Indian. Let's see that U.S. percentage go up for Keystone II. Note also that the United Steelworkers complaint about Indian pipe is about not just jobs but safety: USW filed a complaint with the Department of Transportation saying the pipe TransCanada is using is too thin:
Tellingly, TransCanada recognizes that using thinner pipe could well cause damage and harm due to ruptures, leaks and spills because it has not requested a special permit for using thinner pipe for pump stations, road and railroad crossings and in non-rural areas. Clearly, TransCanada has made a business judgment that rural and agricultural areas need not receive the same level of protection required by law than other areas in the Uinted States. This glaring disaprity in protection, however, is not allowed under U.S. law, including under the Administrative Procedure Act (5. U.S.C.A. section 551 et seq.).[Thomas M. Conway, Vice-President, United Steel Workers, formal complaint to U.S. Department of Transportation, 2009.04.06].
Sounds like the big labor union is looking out for South Dakota more than Big Oil is.