January 23, 2014

OUR REPUBLICAN PRESIDENT:

Oil starts flowing through Keystone pipeline in Texas (Ramit Plushnick-Masti, 1/22/14, Associated Press)

The $2.3 billion pipeline from Oklahoma to Texas is the Gulf Coast -- or southern portion -- of TransCanada's proposed Keystone XL pipeline. This shorter leg will begin transporting an average of 300,000 barrels of oil daily and should end the year at an average of about 520,000 barrels, Pourbaix said.

The longer Keystone XL, which would transport heavy tar sands crude from Canada and oil from North Dakota's Bakken shale, requires a permit from President Barack Obama because it crosses an international border. That $5.4 billion segment has not yet been approved. Obama fast-tracked the shorter, southern portion of the pipeline with the hope of relieving a bottleneck in Oklahoma.
Posted by at January 23, 2014 5:22 PM
  
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