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December 22, 2014

Obama Rejects Keystone XL as Boon to U.S. Consumers, Job Market 
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At his White House news conference on Friday, President Obama also
addressed his pending decision on the Keystone XL pipeline. Obama said
the pipeline would not even have "nominal" benefit to U.S. consumers.
And although acknowledging it would create some temporary jobs, Obama
said the United States could create far more by investing in public
infrastructure.

President Obama: "There's a global oil market. It's very good for
Canadian oil companies, and it's good for the Canadian oil industry, but
it's not going to be a huge benefit to U.S. consumers. It's not even
going to be a nominal benefit to U.S. consumers. … Those aren't, you
know, completely insignificant if, you know — it's just like any
other project. But when you consider what we could be doing if we were
rebuilding our roads and bridges around the country, something that
Congress could authorize, we could probably create hundreds of thousands
of jobs or a million jobs."

 

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