Friday, March 23, 2012

Facing heat over gas price rise, Obama vows to speed pipeline's southern leg | Reuters

Facing heat over gas price rise, Obama vows to speed pipeline's southern leg | Reuters: Standing in front of a row of pipes, President Barack Obama pledged on Thursday to accelerate approval of the southern leg of the Keystone XL pipeline, seeking to deflect criticism that his rejection of the full project helped drive up gasoline prices.

The campaign-style stop was immediately dismissed as a stunt by Republicans, saying that Obama doesn't have the authority to really jump start the project. Analysts say it won't likely be finished until 2014 at the earliest.

Rising fuel costs are threatening to derail Obama's hopes of winning re-election in November, and Republicans have honed in on his decision to block TransCanada Corp's Canada-to-Texas pipeline as a sign that his energy priorities were hurting America.

See original work for more on this and other stories.

No comments:

Post a Comment

Spamming will be removed.

Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.