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Keystone pipeline would boost U.S. local oil supply
Let’s take a look at some recent history. After the BP oil spill in the Gulf of Mexico, President Barack Obama put a moratorium on oil exploration in the Gulf, costing thousands of jobs. Even following a court order to begin issuing permits, the Obama administration refused.
The Keystone pipeline is a project that would give the U.S. a huge boost in local oil supply. Obama refused to sign the permit that would allow it to cross the boundary between Canada and the U.S., costing thousands of jobs. Following that, he went to Oklahoma to take credit for work on the southern portion of the pipeline, a function over which he has no control.
Obama, through the Department of Energy (DOE), has granted loan guarantees to countless “green” companies, many of which were in trouble at the time. As predicted, many of those companies have gone broke, costing thousands of jobs, and leaving taxpayers to pick up the cost of the loans.
Most recently, Obama, through the DOE, has issued new rules that will effectively cut coal-powered generating plants by 25 percent, costing thousands of jobs. People in West Virginia alone are projecting 30 percent increases in their electric rates.
When this president gets in front of an audience and talks about creating jobs, please look at what he is doing, rather than what he is saying.
From the May 23-29, 2012, issue