OIL PIPELINE BILL COULD BE HEADED TO BARACK OBAMA’S DESK
By FITSNEWS || For the ninth time, the U.S. House of Representatives has voted to authorize the construction of the Keystone XL oil pipeline – a $7 billion, 1,600-mile project that’s supposed to create upwards of 300,000 U.S. jobs.
“This will create other economic activity,” the bill’s sponsor, U.S. Rep. Bill Cassidy of Louisiana said. “This will ripple out through the economy.”
Cassidy is facing U.S. Sen. Mary Landrieu in a runoff election on December 6. He is widely expected to defeat the incumbent Democrat – who along with several “centrist” Democrats is supporting a Senate version of the legislation. Assuming Keystone XL authorization passes the U.S. Senate in a vote on Tuesday, it would force U.S. president Barack Obama to take action on the measure.
Permits for Keystone XL were first requested in 2008 – but Obama has repeatedly blocked the project.
In fact he is widely expected to veto the legislation in the event it reaches his desk.
Transcanada – the company pushing for the pipeline – may no longer care what Obama thinks, though. That’s because its leaders have figured out another way to get their oil – 168 billion proven barrels, at last check – where it needs to go.
It’s called Energy East, a proposed $10.7 billion, 2,858-mile pipeline that would carry 1.1 million barrels of crude oil every day from Alberta and Saskatchewan to refineries in eastern Canada. So instead of Louisiana and Texas providing supertanker access to Canadian crude – our neighbors to the north will “keep it in the family,” setting up tanker access at Saint John, New Brunswick.
This website has consistently supported Keystone XL. Multiple Transcanada pipelines already run through the United States, and it makes no sense for us to send this business (and the jobs that go with it) someplace else.