Marathon Pundit: Rick Perry slams Obama's "No" on Keystone XL

Texahoma, Texas

Here is a post to bookmark when gasoline prices hit $5-a-gallon late this spring.

From Rick Perry writing for the Wall Street Journal:

Canadian Prime Minister Stephen Harper was in Beijing recently signing an agreement and touting his country's growing energy partnership with China. It's good news for Canada, which is rightfully looking to grow markets for its sizeable oil reserves. And it's particularly good news for China, which needs to keep tapping into fresh supplies to feed its growing economy and mounting demand for oil.

Unfortunately, it's bad news for Americans, particularly when you consider that one of the main reasons China has become such an attractive market to Canada was President Obama's recent rejection of the Keystone XL Pipeline. This cross-border connection would have provided a golden opportunity to partner with our neighbors to the north in producing massive amounts of energy, both for our country and the globe.

It seems unimaginable, yet President Obama refused Trans-Canada's request to run its pipeline across the border from Canada to the Texas Gulf Coast. This extensive pipeline holds the potential of moving up to 830,000 barrels of crude oil per day—including oil produced in North Dakota and Montana—to refineries here in Texas. Translated into job numbers, that's up to 20,000 direct jobs and estimates of up to hundreds of thousands of indirect jobs created by this $7 billion project.

Keystone would have provided a shot in the arm for our nation's uncertain economy, and it could have provided economic opportunity for tens of thousands of families, stretching from here in Texas all the way to the Canadian borde