Skip to comments.Presidential Memorandum -- Expediting Review of Pipeline Projects
Posted on 03/22/2012 12:01:27 PM PDT by Oldeconomybuyer
In an economy that relies on oil, rising prices at the pump affect all of us. With crude oil prices controlling about three-quarters of gasoline prices, the most important driver of the price here at home is the world oil price -- making our economy vulnerable to events halfway around the globe. There are no quick fixes to this problem.
...But for the foreseeable future, we will continue to rely on oil to help fuel our transportation system. As a result, we must safely and responsibly develop our oil resources here at home.
By reducing our dependence on foreign oil, we will make our Nation more secure and improve our trade balance -- creating jobs and supporting domestic industry.
In order to realize these potential benefits, we need an energy infrastructure system that can keep pace with advances in production. To promote American energy sources, we must not only extract oil -- we must also be able to transport it to our world-class refineries, and ultimately to consumers.
Although expanding and modernizing our Nation's pipeline infrastructure will not lower prices right away, it is a vital part of a sustained strategy to continue to reduce our reliance on foreign oil and enhance our Nation's energy security. Therefore, as part of my Administration's broader efforts to improve the performance of Federal permitting and review processes, we must make pipeline infrastructure a priority.
(Excerpt) Read more at whitehouse.gov ...
You see, it's only good if the government does it. And my reelection campaign benefits.
Dictator Baby-Doc Barack is proving himself to be a blithering idiot.
Obama says what he thinks his audience wants to be true, and then expects us to believe his lie.
Oklahoma Governor Mary Fallin had this going over a month ago while O-bumbler was still shutting down the proposal...