Obama Says Keystone Pipeline Will Have Little Impact on U.S. Gas Prices

Posted by Mike Confino, December 20, 2014

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U.S. President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally benefit American consumers and workers in perhaps his strongest comments on the Canada-to-U.S. pipeline to date.

“There is very little impact – nominal impact – on U.S. gas prices, what the average American consumer cares about,” Obama told reporters during an end-of-year press conference.

Obama picked apart some of the most common arguments of its proponents: that it would create jobs, lower domestic gasoline prices and bolster the U.S. economy.

via Obama Says Keystone Pipeline Will Have Little Impact on U.S. Gas Prices – Scientific American.

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