Obama wanted the Saudi's to win on this as well even though his delay is costing
real Americans major taxpayer $$$BILLIONS. Obama isn't an American by any stretch of the imagination folks.
Report: Billions Lost From Keystone XL Pipeline Delay
4:14 PM, JUL 22, 2015
A new report by the American Action Forum, a center-right policy institute, details adverse economic consequences of the Keystone XL pipeline's delay. The report highlights billions of dollars in untapped economic activity, and the over $1 trillion the U.S. has paid other countries for oil. It also details additional environmental benefits that could be provided by passing Keystone.
TransCanada, the company that would operate the pipeline, has been waiting for authorization on the project since September 2008. By breaking down crude oil prices over the past years, AAF estimates "$175 billion in economic activity has been unrealized due to the delay." Furthermore, "at today’s price of crude at $51.76, this would gross over $42 million dollars a day or roughly $15 billion per year."
AAF's report also touts Keystone's ability to decrease America's dependence on oil from countries in the Middle East, as well as Russia and Venezuela, by increasing imports from more friendly countries like Canada. That would be particularly advantageous, as United States relations with those places have been strained. The report cites statistics from the Energy Information Agency, noting that "the U.S. imported approximately 9 million barrels per day of petroleum in 2014 from 80 countries with the bulk of its oil imports from Canada, Mexico, Saudi Arabia, Venezuela and Russia," and that, "since 2009, the U.S. has paid over $1 trillion to these top five countries."
Read more...
Of course Obama is blaming Hillary.
Obama on Keystone XL: Blame Hillary!
11:03 AM, JAN 19, 2012 • BY
MICHAEL WARREN
Is Barack Obama pinning the blame for his failure to approve the Keystone XL pipeline on Hillary Clinton? Look at
this White House statement from yesterday (emphasis mine):
Earlier today, I received the Secretary of State’s recommendation on the pending application for the construction of the Keystone XL Pipeline. As the State Department made clear last month, the rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline’s impact, especially the health and safety of the American people, as well as our environment. As a result, the Secretary of State has recommended that the application be denied. And after reviewing the State Department’s report, I agree.
Back in October, Harry Reid
sent a letter to Clinton encouraging her to reconsider the pipeline. But it seems the White House was always going to reject the application, with labor and environmentalist groups long pressuring the administration to back off on the pipeline. From
a report last night fromPolitico:
Originally Posted by Champ967
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