SIOUX CITY, Iowa (AP) — An analysis by a West Des Moines company says a proposed oil pipeline across Iowa would provide an economic impact of $1.1 billion to the state during two years of construction.
The Des Moines Register reports that the analysis was prepared by Strategic Economics Group for Energy Transfer Partners, of Dallas, which wants to build the 1,100-mile underground pipeline across Iowa and three other states. The pipeline would carry up to 570,000 barrels of crude oil daily from the Bakken oil fields in North Dakota to Patoka, Illinois, where it could be redirected.
The analysis says construction would create enough work to keep 7,600 people fully employed in Iowa for a year. Energy Transfer has promised to hire at least half of the workers in Iowa from the state.
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Information from: The Des Moines Register, http://www.desmoinesregister.com
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