North American-Made Energy Security Act
Floor Speech
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Mr. OLSON. I thank the gentleman for yielding me this time and for his leadership on this important issue.
Madam Chair, I rise today in strong support of H.R. 1938, the North American-Made Energy Security Act. This bill 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 neighbor and ally Canada through Montana, the intersection of North Dakota and South Dakota, Nebraska, Kansas, Oklahoma, all of the way down to my home State of Texas, ultimately transporting nearly 1.3 million barrels of oil per day--1.3 million barrels per day--and creating hundreds of thousands of jobs on its journey to the gulf.
The Keystone XL pipeline has the potential to create up to 624,000 jobs over the next 15 years, including 50,000 in the Lone Star State, with its economic impact valued in the billions. Madam Chair, 170,000 companies alone in Texas would serve as suppliers. These are real jobs for real Americans.
This is real energy security for America. The Department of Energy has determined that this pipeline could ``essentially eliminate'' our dependence on Middle Eastern oil sources.
The Obama administration has dragged its feet for over 2 years, insisting on delaying the project with more environmental studies and regulatory hurdles. If we don't break through this regulatory wall, China is more than happy to take our place.
The studies have been done, Madam Chair. 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 and reduce our dependence on Middle Eastern oil.
The CHAIR. The time of the gentleman has expired.
Mr. WHITFIELD. I yield the gentleman an additional 1 minute.
Mr. OLSON. In conclusion, the Keystone XL pipeline will strengthen America's economy, reduce our dependence on Middle Eastern oil, and produce hundreds of thousands of jobs right here in America. It's a win/win/win.
I urge my colleagues to support this very important energy security bill that creates, jobs, jobs, jobs right here in America.
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