Uhh, something Obama goes to the left on, I disagree with him.
I believe it can provide many jobs, especially if we provide construction jobs around the area, as well as with some modifications with the bill, we can get the profits of the oil for american people. Also, it's better to get oil from Canada then the middle-east and Arabian states.
We weren't doing that anyway. Our OPEC purchases were from Ecuador and Venezuela.
No, we do take in oil from the ME, though a fair amount goes to the West Coast. More importantly, Saudi Arabia is half-owner of a the largest refinery in the US. Venezuela, Mexico and even Brazil have ownership stakes in US refineries. Predates the shale boom when importers were looking for ways to protect their market share. Now, they want part of the lucrative export market of finished products being sold from the US (low NG and NGL prices mean low refining costs).
Weekly imports of oil
You may also note that we get quite a bit of Canadian oil even without the Keystone.
So we can’t “end our dependence on foreign oil” by mining our own oil.
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