Republican leadership in Congress has said authorizing the Keystone XL pipeline will be its first order of business next year, but President Barack Obama said the project would be of small benefit to Americans.
During his year-end press conference, President Obama said building the Keystone XL pipeline – which would run from the Canadian tar sands into the United States – would not lead to lower gasoline prices for Americans. Additionally, Obama said it would create a couple of thousand temporary jobs until construction is completed, but the project would mainly benefit Canadian oil companies that need to get their oil to the Gulf of Mexico in order to see it on the world market.
“At issue in Keystone is not American oil. It is Canadian oil that is drawn out of the tar sands in Canada,” said the president. “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 can simply pipe it all the way through the United States down to the Gulf.”