Grassley News
Floor Statement on Proposed Budget Resolutions and Senate Leadership... Read More >>
Grassley: Drug Trafficking in West Africa Fuels Instability... Read More >>
ISO Energy-related Job Creation
President Obama’s decision to deny a crude oil pipeline that would run from Canada to Oklahoma and Texas gets in the way of the kind of energy-related development that creates jobs.
This international Keystone XL pipeline infrastructure project was approved in 2010 by the Canadian National Energy Board. It would transport 830,000 barrels of crude oil a day and help to counteract both insufficient domestic oil supplies and reduce dependence on less reliable foreign sources. It had been under review by the Obama administration for more than three years when the President said last week that he needed more time.
President Obama’s decision favors extreme environmentalism over job creation and an energy partnership with a friendly neighbor, a relationship that could reduce America’s dependence on volatile foreign energy sources, including Venezuela, Libya and OPEC. It also disregards the fact that unemployment in the United States remains at record high levels, while consumers face the possibility of $5 gas this summer.
So, what next? Since President Obama has flat-out rejected the priorities of job creation and energy production that’s close to home, Congress needs to act.
Whether or not the U.S. approves the Keystone pipeline project, the oil will be produced, and if it doesn’t come here, China likely will get it. So, it’s impossible to see how the President can deny that the Keystone pipeline project is in the national interest.
Last May I urged the Secretary of State to make a prompt decision on the Keystone XL pipeline project, and last year I cosponsored legislation to require action on the pipeline.
America’s energy policy needs to be a three-pronged approach. First, we need to develop traditional oil and gas resources in America. Second, we need to continue to push for more development, production and use of alternative renewable fuels. And, third, we need to conserve energy both as a nation and as individuals.
Monday, January 23, 2012
President Obama’s decision to deny a crude oil pipeline that would run from Canada to Oklahoma and Texas gets in the way of the kind of energy-related development that creates jobs.
This international Keystone XL pipeline infrastructure project was approved in 2010 by the Canadian National Energy Board. It would transport 830,000 barrels of crude oil a day and help to counteract both insufficient domestic oil supplies and reduce dependence on less reliable foreign sources. It had been under review by the Obama administration for more than three years when the President said last week that he needed more time.
President Obama’s decision favors extreme environmentalism over job creation and an energy partnership with a friendly neighbor, a relationship that could reduce America’s dependence on volatile foreign energy sources, including Venezuela, Libya and OPEC. It also disregards the fact that unemployment in the United States remains at record high levels, while consumers face the possibility of $5 gas this summer.
So, what next? Since President Obama has flat-out rejected the priorities of job creation and energy production that’s close to home, Congress needs to act.
Whether or not the U.S. approves the Keystone pipeline project, the oil will be produced, and if it doesn’t come here, China likely will get it. So, it’s impossible to see how the President can deny that the Keystone pipeline project is in the national interest.
Last May I urged the Secretary of State to make a prompt decision on the Keystone XL pipeline project, and last year I cosponsored legislation to require action on the pipeline.
America’s energy policy needs to be a three-pronged approach. First, we need to develop traditional oil and gas resources in America. Second, we need to continue to push for more development, production and use of alternative renewable fuels. And, third, we need to conserve energy both as a nation and as individuals.
Monday, January 23, 2012