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House panel to debate Keystone XL Pipeline
On Capitol Hill, the House Energy and Commerce Committee debated whether to accelerate a decision by the Obama administration on the Keystone XL Pipeline and the plan to send oil from western Canada to the Texas Gulf Coast.
Republicans on the House Committee support a bill that would set a Nov. 1 deadline for the State Department to reach a decision on the 1,900 mile, $7 billion project that will carry oil from the oil sands in Alberta Canada, to refineries in Houston and Port Arthur, TX.
The chairperson of the energy panel, Representative Fred Upton (R-MI), said that the proposed pipeline would create thousands of jobs, help cut gasoline prices, and that action is needed quickly because of China’s interest in the same resources.