In Place of Keystone XL, President Obama Now Backing ‘Half Pipeline’
Just weeks after trying to kill the Keystone XL pipeline that would have supplied millions of barrels of oil to the U.S., Obama has thrown his support behind a “half a pipeline” in the U.S.
The President issued an executive order and said he is putting his support behind a pipeline that would run from Cushing Oklahoma, to the Gulf Coast (where a number of refineries are). That would alleviate a “glut” of crude oil in Cushing, where the bulk of U.S. oil traded on the futures market is stored. Essentially, this would be the southern half of the originally proposed Keystone XL Line. Obama originally opposed that because of supposed concerns over an aquifer in Nebraska that would have been under the line.
Obama has delayed a decision on the Main Keystone line until after the Nov. 6 election (sounds like he thinks he will win again).