Full Text Obama Presidency March 22, 2012: President Barack Obama’s Speech on Energy Expediting Approval of the Keystone XL Oil Pipeline’s Southern End from Oklahoma to the Gulf Coast of Texas in Cushing, Oklahoma

POLITICAL SPEECHES & DOCUMENTS

OBAMA PRESIDENCY & THE 112TH CONGRESS:

President Obama Speaks in Cushing

President Barack Obama delivers remarks on energy at the TransCanada Stillwater Pipe Yard near Cushing, Okla., March 22, 2012. The President highlighted the Administration’s commitment to expanding domestic oil and gas production. (Official White House Photo by Pete Souza) 

Obama expediting southern Keystone oil pipeline

Source: USA Today, 3-22-12

President Obama said today he is expediting approval of the southern end of the Keystone XL oil pipeline — from Oklahoma to the Gulf Coast of Texas — and he criticized Republicans for turning an energy and environmental issue into a political one.

“The southern leg of it, we’re making a priority,” Obama told workers during an 11-minute speech in Cushing, Okla., the terminus of the pipeline project.

House Speaker John Boehner and other Republicans called Obama’s permit announcement meaningless because the southern end of the project is due to start construction in June anyway. And they continued to criticize Obama for blocking the northern part of Keystone, connecting the U.S. to oil supplies in Canada.

Boehner spokesman Brendan Buck compared Obama’s announcement to “the governor holding a press conference to renew my driver’s license — except this announcement still leaves American energy and jobs behind.”…READ MORE

Expanding Our Oil and Gas Pipeline Infrastructure

Source: WH, 3-22-12

Cushing, Oklahoma is an oil town. It’s a major hub for connecting our nation’s crude oil supply with refineries along the Gulf Coast, and the latest stop on President Obama’s cross-country tour to discuss American energy production.

Domestic oil and gas production is the highest it’s been in eight years. We’re actually producing so much that, even though we’ve added enough new oil and gas pipelines to circle the Earth in the last three years, we still don’t have enough pipeline to transport it all around the country quickly enough, particularly to our nation’s refineries.

And, as President Obama explained when he spoke there today, the fact that production is outpacing pipeline capacity is causing bottlenecks in places like Cushing, slowing our ability to further increase oil supplies when gas prices are high and we need it the most.

Modernizing pipeline infrastructure and expanding its ability to deliver oil to refineries and consumers around the country is a vital piece of a strategy to reduce our reliance on foreign oil and expand production of American-made energy. That’s why President Obama directed his Administration to expedite the permitting and construction process of a new pipeline that will help crude oil make its way to Gulf Coast refineries more quickly, and doing so while protecting natural resources and the health of local communities along the pipeline’s proposed path.

Read more about President Obama’s all-of-the-above energy strategy

POLITICAL QUOTES & SPEECHES

Remarks by the President on American-Made Energy

Cushing Pipe Yard
Cushing, Oklahoma

10:22 A.M. CDT

THE PRESIDENT:  Hello, Oklahoma!  (Applause.)  Well, it’s good to be here.  Everybody, have a seat.  Have a seat.

AUIDENCE MEMBER:  I love you, Mr. President!

THE PRESIDENT:  I love you back.  It’s wonderful to see you.

It is good to be back in Oklahoma.  I haven’t been back here since the campaign, and everybody looks like they’re doing just fine.  (Laughter.)  Thank you so much for your hospitality.  It is wonderful to be here.

Yesterday, I visited Nevada and New Mexico to talk about what we’re calling an all-of-the-above energy strategy.  It’s a strategy that will keep us on track to further reduce our dependence on foreign oil, put more people back to work, and ultimately help to curb the spike in gas prices that we’re seeing year after year after year.

So today, I’ve come to Cushing, an oil town — (applause) — because producing more oil and gas here at home has been, and will continue to be, a critical part of an all-of-the-above energy strategy.  (Applause.)

Now, under my administration, America is producing more oil today than at any time in the last eight years.  (Applause.)  That’s important to know.  Over the last three years, I’ve directed my administration to open up millions of acres for gas and oil exploration across 23 different states.  We’re opening up more than 75 percent of our potential oil resources offshore.  We’ve quadrupled the number of operating rigs to a record high.  We’ve added enough new oil and gas pipeline to encircle the Earth and then some.

So we are drilling all over the place — right now.  That’s not the challenge.  That’s not the problem.  In fact, the problem in a place like Cushing is that we’re actually producing so much oil and gas in places like North Dakota and Colorado that we don’t have enough pipeline capacity to transport all of it to where it needs to go — both to refineries, and then, eventually, all across the country and around the world.  There’s a bottleneck right here because we can’t get enough of the oil to our refineries fast enough.  And if we could, then we would be able to increase our oil supplies at a time when they’re needed as much as possible.

Now, right now, a company called TransCanada has applied to build a new pipeline to speed more oil from Cushing to state-of-the-art refineries down on the Gulf Coast.  And today, I’m directing my administration to cut through the red tape, break through the bureaucratic hurdles, and make this project a priority, to go ahead and get it done.  (Applause.)

Now, you wouldn’t know all this from listening to the television set.  (Laughter.)  This whole issue of the Keystone pipeline had generated, obviously, a lot of controversy and a lot of politics.  And that’s because the original route from Canada into the United States was planned through an area in Nebraska that supplies some drinking water for nearly 2 million Americans, and irrigation for a good portion of America’s croplands.  And Nebraskans of all political stripes — including the Republican governor there — raised some concerns about the safety and wisdom of that route.

So to be extra careful that the construction of the pipeline in an area like that wouldn’t put the health and the safety of the American people at risk, our experts said that we needed a certain amount of time to review the project.  Unfortunately, Congress decided they wanted their own timeline — not the company, not the experts, but members of Congress who decided this might be a fun political issue, decided to try to intervene and make it impossible for us to make an informed decision.

So what we’ve said to the company is, we’re happy to review future permits.  And today, we’re making this new pipeline from Cushing to the Gulf a priority.  So the southern leg of it we’re making a priority, and we’re going to go ahead and get that done. The northern portion of it we’re going to have to review properly to make sure that the health and safety of the American people are protected.  That’s common sense.

But the fact is that my administration has approved dozens of new oil and gas pipelines over the last three years -– including one from Canada.  And as long as I’m President, we’re going to keep on encouraging oil development and infrastructure and we’re going to do it in a way that protects the health and safety of the American people.  We don’t have to choose between one or the other, we can do both.  (Applause.)

So if you guys are talking to your friends, your neighbors, your coworkers, your aunts or uncles and they’re wondering what’s going on in terms of oil production, you just tell them anybody who suggests that somehow we’re suppressing domestic oil production isn’t paying attention.  They are not paying attention.  (Applause.)

What you also need to tell them is anybody who says that just drilling more gas and more oil by itself will bring down gas prices tomorrow or the next day or even next year, they’re also not paying attention.  They’re not playing it straight.  Because we are drilling more, we are producing more.  But the fact is, producing more oil at home isn’t enough by itself to bring gas prices down.

And the reason is we’ve got an oil market that is global, that is worldwide.  And I’ve been saying for the last few weeks, and I want everybody to understand this, we use 20 percent of the world’s oil; we only produce 2 percent of the world’s oil.  Even if we opened every inch of the country — if I put a oil rig on the South Lawn — (laughter) — if we had one right next to the Washington Monument, even if we drilled every little bit of this great country of ours, we’d still have to buy the rest of our needs from someplace else if we keep on using the same amount of energy, the same amount of oil.

The price of oil will still be set by the global market.  And that means every time there’s tensions that rise in the Middle East — which is what’s happening right now — so will the price of gas.  The main reason the gas prices are high right now is because people are worried about what’s happening with Iran.  It doesn’t have to do with domestic oil production.  It has to do with the oil markets looking and saying, you know what, if something happens there could be trouble and so we’re going to price oil higher just in case.

Now, that’s not the future that we went.  We don’t want to be vulnerable to something that’s happening on the other side of the world somehow affecting our economy, or hurting a lot of folks who have to drive to get to work.  That’s not the future I want for America.  That’s not the future I want for our kids.  I want us to control our own energy destiny.  I want us to determine our own course.

So, yes, we’re going to keep on drilling.  Yes, we’re going to keep on emphasizing production.  Yes, we’re going to make sure that we can get oil to where it’s needed.  But what we’re also going to be doing as part of an all-of-the-above strategy is looking at how we can continually improve the utilization of renewable energy sources, new clean energy sources, and how do we become more efficient in our use of energy.  (Applause.)

That means producing more biofuels, which can be great for our farmers and great for rural economies.  It means more fuel-efficient cars.  It means more solar power.  It means more wind power — which, by the way, nearly tripled here in Oklahoma over the past three years in part because of some of our policies.

We want every source of American-made energy.  I don’t want the energy jobs of tomorrow going to other countries.  I want them here in the United States of America.  (Applause.)  And that’s what an all-of-the-above strategy is all about.  That’s how we break our dependence on foreign oil.  (Applause.)

Now, the good news is we’re already seeing progress.  Yesterday, I went, in Nevada, to the largest solar plant of its kind anywhere in the country.  Hundreds of workers built it.  It’s powering thousands of homes, and they’re expanding to tens of thousands of homes more as they put more capacity online.

After 30 years of not doing anything, we finally increased fuel-efficiency standards on cars and trucks, and Americans are now designing and building cars that will go nearly twice as far on the same gallon of gas by the middle of the next decade.  And that’s going to save the average family $8,000 over the life of a car.  (Applause.)  And it’s going to save a lot of companies a lot of money because they’re hurt by rising fuel costs, as well.

All of these steps have helped put America on the path to greater energy independence.  Since I took office, our dependence on foreign oil has gone down every single year.  Last year, we imported 1 million fewer barrels per day than the year before.  Think about that.  (Applause.)  America, at a time when we’re growing, is actually importing less oil from overseas because we’re using it smarter and more efficiently.  America is now importing less than half the oil we use for the first time in more than a decade.

So the key is to keep it going, Oklahoma.  We’ve got to make sure that we don’t go backwards, that we keep going forwards.  If we’re going to end our dependence on foreign oil, if we’re going to bring gas prices down once and for all, as opposed to just playing politics with it every single year, then what we’re going to have to do is to develop every single source of energy that we’ve got, every new technology that can help us become more efficient.

We’ve got to use our innovation.  We’ve got to use our brain power.  We’ve got to use our creativity.  We’ve got to have a vision for the future, not just constantly looking backwards at the past.  That’s where we need to go.  That’s the future we can build.

And that’s what America has always been about, is building the future.  We’ve always been at the cutting-edge.  We’re always ahead of the curve.  Whether it’s Thomas Edison or the Wright Brothers or Steve Jobs, we’re always thinking about what’s the next thing.  And that’s how we have to think about energy.  And if we do, not only are we going to see jobs and growth and success here in Cushing, Oklahoma, we’re going to see it all across the country.

All right?  Thank you very much, everybody.  God bless you.  God bless the United States of America.  (Applause.)

END
10:32 A.M. CDT

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