President Obama told a group of House Republicans at a closed-door meeting on Wednesday that the long-delayed Keystone XL pipeline won’t profit anyone but Canada.
Rep. Lee Terry, R-Neb., told the Associated Press that Obama said the benefits of the project have been overstated because many of the jobs created would be temporary, and much of the oil produced from the pipeline would be exported.
“He said there were no permanent jobs, and that the oil will be put on ships and exported and that the only ones who are going to get wealthy are the Canadians,” Terry said.
Chosen excerpts by Job Market Monitor
via Obama: Only Canada would profit from Keystone XL | WashingtonExaminer.com.
Lawrence Solomon: Obama will block Keystone
Not needed for U.S. energy security or employment
Many are surprised that President Barack Obama has not yet approved construction of the Keystone XL pipeline, creating thousands of jobs while reducing America’s dependence on Middle East oil. His reluctance shouldn’t be surprising — no single act that he could take would more undermine his vision for America or his desired legacy as a transformational leader.
Chosen excerpts by Job Market Monitor
via Lawrence Solomon: Obama will block Keystone | FP Comment | Financial Post.
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Posted by Lon | April 17, 2013, 5:12 pm