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June 27, 2014

House pushes pipeline

NORMAN — A need for more domestic production is the line being touted to support three energy-related bills passed by the U.S. House of Representatives this week. With gasoline prices leaping due to recent unrest in Iraq, House members passed legislation that would encourage the XL Keystone Pipeline, the export of liquefied natural gas, and domestic production and exploration.

Rep. Tom Cole, R-Moore, said in a statement released Thursday that House Resolution 3301, the Norman American Energy Infrastructure Act, will “streamline the approval process for cross-border pipeline projects like Keystone.”

Additionally, the Domestic Prosperity and Global Freedom Act, H.R. 6, passed on Wednesday would encourage export of LNG to allied nations and H.R. 4899, the Lowering Gasoline Prices to Fuel an America that Works Act, would encourage domestic energy production and exploration if enacted, Cole said.

 “I am pleased that the House passed legislation that encourages use of our own resources in order to support our nation’s energy needs,” Cole said. “With a rich supply of oil and natural gas already in our midst, preventing domestic production and exploration is both wasteful and irresponsible.”

Gasoline prices in Oklahoma have risen eight cents per gallon so far during June and 14 cents since May 15, AAA reported on Tuesday. Violence in Iraq is still at the center of these unusually high summertime gas prices, as tensions continue to keep the price of global oil high.

Oil is a global commodity, and a 36 year study by the Associated Press published in Business Insider on March 22, 2012, showed no a connection between increased domestic production and low gas prices. That hasn’t stopped politicians from making the argument.

“The less we utilize our own resources, the more dependent we become on foreign oil, primarily from unstable countries in the Middle East,” Cole said. “In order to combat this dangerous addiction to foreign oil, which causes our gas prices to fluctuate, we must clear the pathway for domestic production and cross-border projects like the Keystone XL pipeline.”

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