Janaury 2012
President Obama announced that his administration is rejecting the controversial proposal for the Keystone XL oil sands pipeline, which would have transported 700,000 barrels of oil daily from Canada, Montana and the Dakotas to U.S. refineries in Houston. The proposal has been under review for more than three years.
Because the pipeline would have crossed an international border, its proposal required a Presidential Permit from the Department of State.
Obama acted before a Feb. 21 deadline Congress set after he postponed a decision in November while a revised Nebraska route was being reviewed. According to The Hill, Obama's rejection "will escalate an explosive election-year fight with Republicans and major business groups."
The American Trucking Associations previously expressed its support of the pipeline. The organization said the pipeline would enhance U.S. energy security, create jobs and reduce air emissions associated with transporting this oil to market.
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Commentary: For every trucker who is sweating the price of oil, I have to believe that the 700,000 barrels a day may have kept the price of gas in check as well as brought back oil dollars which are flowing into themiddle east.
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Truck Paper for CC XL Jan 2012 LR
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