23 Mar '12, 4pm

Obama boasts, “We’ve added enough new oil and gas pipeline to encircle the Earth and then some.”

Obama boasts, “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, brea...

Full article: http://grist.org/oil/ire-drill-obama-lauds-keystones-sout...

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