Oil Pipeline Delay Bad for U.S.By Congressman Ed Royce (R-CA)
Article Date: 01-01-2012
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Obama's choice to postpone a decision is clearly election-driven, but the consequences will haunt us far beyond next November.
Talk about a self-inflicted wound. With U.S. unemployment hovering at about 9 percent, with the U.S. sending hundreds of billions of petrodollars every year to hostile regimes, and with our growing economic rivalry with China, the Obama administration's decision to further postpone the Keystone XL Pipeline Project is simply maddening. The proposed Keystone pipeline would move the abundant, proven crude-oil reserves in Alberta, Canada – the third-largest in the world – to U.S. refineries on the Gulf Coast. Its construction is still awaiting an Obama administration OK, three years after the request was filed, longer than the typical process. But the administration announced recently that the process would be delayed again, until after the November 2012 election.
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