Congressman Lee Terry worries the Obama Administration is laying the groundwork to turn down TransCanada’s presidential permit application for the Keystone XL pipeline.
Terry points out the administration has stated it doesn’t have enough time to appropriately evaluate the application and has suggested another environmental study might be needed.
“Those are all things that signal to me or I’m interpreting that he may be leaning ‘no’,” Terry tells Nebraska Radio Network.
Terry sees no reason to delay the project. He says the Keystone XL pipeline would lessen America’s dependence on OPEC oil and help improve the nation’s energy security.
Congress gave President Obama 60 days to decide on TransCanada’s permit application as part of the compromise reached to extend the Social Security payroll tax cut. Terry notes that the legislation requires a decision, not approval.
Terry says turning down the permit would be a mistake.
“China already owns half of the oil sands,” according to Terry. “My prediction is if you can’t sell it to the United States or get it to the United States, they’ll probably claim or buy all of it and so then we’re stuck with OPEC and that scares the heck out of me.”
The deadline for the president to act under the legislation is February 21st.