Today, national unemployment rests at 9.2 percent, but it's even higher in my State of Michigan at 10.5 percent. Gasoline costs $3.80 a gallon or more in many areas, up a dollar from last year. Political unrest halfway around the world disrupts the flow of oil to markets, causing prices to rise. Most leaders in this situation would be searching for a project that would create jobs, help bring down gas prices and, yes, provide a stable and secure source of oil to replace imports from dangerous parts of the world. Our President is being handed such a project on a silver platter, and he's dangerously close to letting it slip through his fingers. Our northern ally, Canada, has discovered an oil resource comparable to the size of Saudi Arabia, and they want to send the oil here to the United States. Five major labor unions have thrown their support behind the pipeline because it's going to create more than 100,000 jobs. Yet this administration has allowed the permit application to languish for nearly 3 years, even saying that they were inclined to support it almost a year ago in October. This pipeline, the Keystone XL, if approved, would dramatically improve our energy security. According to DOE, the pipeline would essentially eliminate our Middle East oil imports. It would provide for a massive influx of stable oil into the market, something desperately needed as threatened supplies in North Africa send prices into orbit.…
On the recordJuly 26, 2011
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