Posted on 01/12/2015 1:50:30 PM PST by thackney
The Senate will start debate on Monday on a bill to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama.
Senator John Hoeven of North Dakota, a co-sponsor of the bill to approve TransCanada Corp's pipeline, has about 63 supporters, including all 54 Republicans. That is four short of the 67 needed to overcome an Obama veto.
The White House has said the president would reject the bill if it reaches his desk.
Hoeven said in a radio address over the weekend that the pipeline to carry Canadian oil to Nebraska en route to refineries along the Gulf Coast would increase U.S. energy security and weaken countries that are on unfriendly terms with Washington.
"The oil and gas we are producing in North America is already changing the global geo-political dynamic, weakening petro-dependent states like Russia, Iran, and Venezuela and strengthening America," he said.
(Excerpt) Read more at rigzone.com ...
Due to investments already committed, oil-sands production is poised to rise 36 percent to at least 2.6 million barrels a day by 2017, Peters & Co., a Calgary-based investment bank, said in a November forecast. Projects now under construction will require 1 million barrels a day of new pipeline space, said Chris Cox, an analyst at Raymond James Ltd. in Calgary.
“What you should expect this year is that all incremental heavy oil barrels are effectively going to be transported by rail,” Cox said.
Let him veto it. Vote to override the veto and put everyone on record.
That would be RASSIS!
Starting the popcorn.
Obama (unlike weak kneed Republicans) would veto even if there was a supermajority that passed the bill. He would make people override the veto. Republicans, take note and start playing hardball.
Buffett
Burlington Santa Fe
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