The House Energy and Commerce Committee this week has put President Obama on the spot regarding the Keystone Pipeline:
House Energy and Commerce Committee Republicans on Monday put President Obama on the “Keystone Clock.”
In a new messaging campaign, the committee’s GOP members have plastered a “Keystone Clock” on its website that shows 1,606 days have passed since TransCanada Corp. filed its September 2008 application for the oil sands pipeline with the State Department.
“Keystone XL remains an opportunity to help create a more secure energy future, but the clock on Keystone XL is still ticking as the president continues to delay his decision on the project,” committee Republicans said in a Monday statement.
As you can see above, TransCanada applied for the permits for the Keystone Pipeline almost 4 and a half years ago. If you still had any lingering questions about the Pipeline, the House Energy and Commerce Committee has your answers:
According to the Department of Energy, Keystone XL would be able to move up to 830,000 barrels of oil per day. This represents about half the amount the U.S. imports from the Middle East.
TransCanada estimates it will spend $7 billion in the U.S. to build the pipeline and 20,000 jobs would be directly created from the pipeline’s construction.
Keystone XL would generate much needed tax revenue in several states and collectively boost Gross State Product by billions of dollars.
By delaying approval of the pipeline, President Obama is providing China with an opportunity to out-compete the U.S. and gain access to Canada’s rich oil supply.
Several labor unions have endorsed the project and criticized the president’s decision to reject American jobs.
Even Chris Matthews described President Obama’s rejection of Keystone XL as a “mistake.”
John Kerry has said that the decision on the Keystone Pipeline would be made in the “near term,” though it is not clear if that means sometime this winter/spring, or sometime this year President Obama’s State of the Union speech focused much more on renewable energy rather than conventional fossil fuels, but he did discuss an interest in bipartisanship. Perhaps Keystone will be part of that bipartisan effort. Meanwhile, the clock is ticking.