Obama tries to take credit for part of Keystone XL pipeline

Winningreen Issue Alert                                              
Obama tries to take credit for part of the Keystone XL pipeline while killing the important part

By Gretchen Randall

Date: March 22, 2012

Issue: Today many news outlets are reporting that President Obama is approving a portion of the Keystone XL pipeline from Oklahoma to refineries along the Texas coast after recently vetoing Republican efforts to get his approval to build the entire pipeline.  The proposed pipeline would transmit oil from Alberta, Canada to the Gulf refineries picking up oil from the Bakken oil shale in North Dakota along the way.  But Obama’s supporters (environmental activists) are so adamant about stopping the pipeline that after three years of environmental studies, the Obama administration denied the permit.

Because of rising gasoline prices and polls that suggest voters are unhappy with the president because of it, Obama has suddenly made a u-turn and is trying to say he is approving a small portion of the pipeline.  The only problem with his claim is that this portion of the pipeline does not require presidential approval because it doesn’t cross an international border. Construction was already scheduled to begin in June without his approval. 
But more importantly, Obama has misled the public about our energy reserves when he claims America has only 2% of the world’s proved oil reserves but we consume 20% of the world’s oil.  According to the Energy Information Administration proved reserves “are a small subset of recoverable resources” because they only count oil that companies are currently drilling for in existing fields.  The Institute for Energy Research explains that, “As the price of oil increases and technology improves, other oil resources become financially viable and are added to the “proved reserves” category. Technological changes, such as horizontal drilling and directional drilling, have increased access to oil resources and have made existing wells more efficient, further increasing reserves.”

Comment: “Over the last 30 years, we produced over 250% of the proved reserves we had in 1980.” Institute for Energy Research http://www.instituteforenergyresearch.org/gas/are-we-running-out-of-oil/

Comment:  Obama has said he is doing everything he can to increase production when, in fact, he has done everything he can to prevent new production.

Background and links: A recent Fox News poll showed that 67 percent of registered voters support building Keystone XL including 87 percent of Republicans, 69 percent of independents and 50 percent of Democrats. http://www.foxnews.com/politics/2012/03/22/obama-in-oklahoma-backs-southern-pipeline-leg/#ixzz1prqPOuex      More info at: http://oilprice.com/Energy/Crude-Oil/Why-is-Obama-Lying-About-US-Oil-Reserves.html

Contact: Gretchen Randall
Winningreen LLC
Chicago, IL
Phone: 773-857-5086
e-mail: grandall@winningreen.com