OLSON PUSHES FOR NORTH AMERICAN ENERGY PRODUCTION7/27/11
Washington, DC– Rep. Pete Olson (R-Sugar Land) today delivered the following speech in support of H.R. 1938, the North American-Made Energy Security Act. The bill will expedite a final decision on the Keystone XL pipeline, a project that would allow millions of barrels of Canadian oil supplies to flow into U.S. markets. Completion of the pipeline extension will increase America’s access to safe and secure energy supplies. The project will more than double the current pipeline’s capacity, carrying nearly 1.3 million barrels per day into U.S. markets and creating more than 100,000 American jobs.
Olson speech as prepared for delivery:
Mr. Speaker, I rise today in strong support of H.R. 1938, the North American-Made Energy Security Act. This bill, Mr. Speaker, is a bona fide jobs bill and will have a positive economic impact on our entire country. The Keystone XL Pipeline will stretch from our ally to the North - Canada - all the way down to my home state of Texas, ultimately transporting nearly 1.3 million barrels of oil per day and creating hundreds of thousands of jobs as it stretches down and across our country.
The Keystone XL Pipeline has the potential to create up to 624,000 jobs over the next 15 years, including 50,000 in the state of Texas between now and 2025, with an economic impact valued in the billions. 170 companies in the Texas alone would serve as suppliers. These are real jobs for real Americans. This is real energy security for Americans.
The Department of Energy has determined that this pipeline could “essentially eliminate” our dependence on Middle East oil imports. The Obama Administration has dragged its feet for over 2 years, insisting on delaying the project with more environmental studies and regulatory hurdles. The studies have been done, Mr. Speaker, and it is time to approve the permit. H.R. 1938 will ensure that the Administration does just that. The Keystone XL Pipeline will strengthen America's economy, reduce our dependence on foreign oil, and produce hundreds of thousands of jobs right here in America. It is a win-win-win. I urge my colleagues to support this very important energy security and economic jobs bill.
Click here to view Olson's floor speech.
Media Contact: Melissa Kelly