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FBN’s Gerri Willis on the benefits of the Keystone Pipeline for the U.S. economy.
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We get a big economic speech from the president today his plan to boost the economy and create jobs.
But there is a huge piece he didn't think was worth mentioning.
The Keystone Pipeline the proposal to connect the enormous oil reserves in Canada -- two refineries in the Gulf Coast.
Can mean cheaper energy less reliance on hostile oil regimes and American jobs tens of thousands of American jobs.
This is the kind of shovel ready project we could actually use but Obama has put off deciding whether to approve it until next year.
Today we got more evidence that we can't afford to wait can't -- that.
Has had enough of the Canadian government announcing -- streamlining the permit process and speeding up scheduled hearings and guess what they're in a rush for a reason the country has over a 175.
Billion barrels in proven oil reserves.
And that's nearly as much as Saudi Arabia.
But -- deal doesn't have a reliable way out Canadian oil regularly trades for thirty dollars a barrel less than other crude oil's.
And Chinese companies are already investing in Canadian oil -- over twenty million dollar so far.
America said no thanks not now to all that oil and the Chinese are more than happy to pick it up.
There's another headline you need to hear today we told you about that rare golden eagle remember that.
It's threatened by the so called clean wind turbines with seventy Eagles killed -- just one wind farm every year.
And the wind farms get away with it Scot free.
What was the government doing instead well they were looking -- shutting down oil producers to protect.
Wait for at a lizard.
Really -- -- Because -- even do is sage brush lizard that's what this is lives -- the Permian Basin a piece of land stretching from Texas to New Mexico.
A crucial area for oil and natural gas development.
For over a decade the federal wildlife agency -- been considering naming it and endangered species.
Which could shut down the over seventy active drilling rigs there overnight.
So here's the good news no less than the secretary of the interior announcing this week the wildlife agency is standing down from this fight.
That's progress.
And here's what's so incredible about it revenue rolling out the red tape and typical fed fashion.
The government and the energy producers came to an agreement.
Creating a program to voluntarily protect the lizards habitat.
How often does that happen.
Look I'm happy for the -- but I'm still waiting for the eagle and I'm still waiting for the pipeline.
The clock is ticking Mr.
President.
Still ahead.
