President Obama's decision will result in $5 billion eventually going overseas to purchase oil from unstable petroleum regimes

Cost of President’s Keystone XL veto approaching $5 billion

By Institute for Energy Research —— Bio and Archives--January 24, 2012

Global Warming-Energy-Environment | Comments | Back To Full Article

WASHINGTON DC--Last week President Obama announced his rejection of the Keystone XL pipeline permit, an act that IER President Tom Pyle called "unconscionable" given the economic consequences. Within the next 24 hours, President Obama's decision will result in $5 billion eventually going overseas to purchase oil from unstable petroleum regimes, and the amount grows by $70 million per day.

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