Senate Republicans won’t get anywhere near the 67 votes that they will need to override a presidential veto of the bill to authorize the construction of the Keystone XL pipeline. President Obama made it clear that he was leaning towards vetoing the bill during his final press conference of 2014. When the president was asked about Keystone XL, Obama said, At issue in Keystone is not American oil. It is Canadian oil that is drawn out of tar sands in Canada. That oil currently is being shipped out through rail or trucks and it would save Canadian oil companies and the Canadian oil industry an enormous amount of money if they could simply pipe it through the United States and all the way down to the Gulf. Once that oil gets to Gulf, it is then entering into the world market, and it would be sold all around the world. So there is no. I won’t say no. There is very little impact, nominal impact on US gas prices, what the average American consumer cares about, by having this pipeline come though. And sometimes the way this gets sold is, let’s get this oil, and it’s going to come here and the implication is that it’s going to lower gas prices here in the United States. It’s not. There’s a global oil market. It’s very good for Canadian oil companies and it’s good for the Canadian oil industry, but it’s not going to be a huge benefit to US consumers. It’s not even going to be a nominal benefit to US consumers. politicususa/2015/01/04/senator-announces-democrats-votes-sustain-obama-veto-keystone-xl.html
Posted on: Wed, 07 Jan 2015 23:32:19 +0000
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