Keystone XL Pipeline: Creating 50,000 Jobs After All?

There's a slight (if not silly) controversy surrounding whether or not the Keystone XL pipeline can produce any jobs.

Lou Dobbs says yes, others say no.

And then there are some publications that make statements like this: “One thing is clear: Lou Dobbs needs to publicly apologize for making up the 50,000 jobs number and misleading the public about the Keystone XL pipeline.”

Dobbs took a moment to respond to the criticism he received by pointing to a report by Cornell University – the only report not funded by TransCanada (NYSE: TRP).

“That report reads, on page 24, ‘…U.S. spending associated with KXL project construction is only about $3 to $4 billion…this translates into total employment impacts of 33,000 to 44,000 person-years,' which means 33,000 to 44,000 full-time jobs for one year,” Dobbs said on "Lou Dobbs Tonight".

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“So a handful of angry liberals and this President are guilty of dismissing 44,000 jobs, and I'm guilty of rounding up by a few thousand,” Dobbs concluded.