CUSHING — President Barack Obama touted his administration's “all-of-the-above” energy strategy and promised to speed up approval of the southern portion of the Keystone XL pipeline at a stop near Cushing this morning.
Obama, in brief remarks at a pipe yard near the oil-storage hub of Cushing, said producing more domestic oil and gas “has been and will continue to be a critical part of the all-of-the-above” strategy.
“We are drilling all over the place right now,” Obama said. “That's not the challenge. That's not the problem. The problem is we're producing so much but we don't have enough pipeline capacity. There is a bottleneck right here because we can't get oil to our refineries fast enough.”
Obama issued an executive order that will expedite the approval of TransCanada's proposed 485-mile pipeline from Cushing to refineries on the Texas Gulf Coast.
The president pushed back against Republicans in Congress who accused him of delaying the northern portion of the proposed Keystone XL pipeline, which would stretch from Cushing to Canada. Obama said the original plan for the northern route of the pipeline could have jeopardized water and irrigation in Nebraska.
“Unfortunately, Congress decided to have its own timeline and make it impossible for us to have an informed decision.”
Obama spent Wednesday night at the Sheraton Hotel in downtown Oklahoma City after stops in Nevada and New Mexico. Another event is planned in the swing-state of Ohio this afternoon.