Mr. President, when President Obama was sworn into office, the Nation's average price for a gallon of gasoline was under $2. We all know that is not the case today. In most parts of the country, gas remains well over $3 a gallon. In my home State of Arkansas, the price of gas ranges anywhere from just under $3 to $3.50 a gallon. The reason it stayed at a steady price is because there is a decreased demand because of the poor economy. Business owners will tell you that when the price of gas hits $3.50 a gallon, it truly does affect how decisions are made. When it hits the $4 mark, things start to shut down in terms of the economy because the average person's disposable income is going to the gas pump instead of local businesses. Our country at this time lacks an energy policy. We are also facing a jobs crisis of enormous magnitude. And our President is standing in the way of one project that can help address both of these problems: the Keystone XL Pipeline. The proposed 1,700-mile pipeline would transport 700,000 barrels of oil per day from Canada to U.S. refineries in the gulf coast. Canada's oil sands are among the largest oil reserves in the world. As global demand for oil surges and Canada increases production, the addition of the Keystone Pipeline will ensure that Americans benefit from reliable and secure oil from our largest trading partner and trusted ally.…
On the recordDecember 14, 2011
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