“We have to have a president who understands how to get an economy going again. He [Obama] does not. He plays 90 rounds of golf when you have 25 million people out of work. He says gasoline prices doubled during his presidency. He says don’t build a Keystone pipeline.”
- Mitt Romney, Florida Debate, 23 January 2012
I am utterly amazed that this sort of argument in favor of Keystone XL goes unchallenged. The fact is that the project would likely increase our gasoline prices. The oil that would be produced from the project would be exported, because that’s where the money is to be made. Take a look at this from a December 31st USA Today report, noting that fuel is now the largest U.S. export, and that we are now a net fuel exporter.
There’s at least one domestic downside to America’s growing role as a fuel exporter. Experts say the trend helps explain why U.S. motorists are paying more for gasoline. The more fuel that’s sent overseas, the less of a supply cushion there is at home.
Keystone XL is not expected to lower gasoline prices in the United States, nor would it help us move toward “energy independence.” It would, however, help to increase the profits of Big Oil while despoiling environmentally fragile areas and contributing to global warming.
The question remains whether Rmoney is ignorant, cynical or just a big fat liar.