President Barack Obama delivers remarks on energy at the TransCanada Stillwater Pipe Yard near Cushing, Okla., March 22, 2012. The President highlighted the Administration’s commitment to expanding domestic oil and gas production. (Official White House Photo by Pete Souza)
Cushing, Oklahoma is an oil town. It’s a major hub for connecting our nation’s crude oil supply with refineries along the Gulf Coast, and the latest stop on President Obama’s cross-country tour to discuss American energy production.
Domestic oil and gas production is the highest it’s been in eight years. We’re actually producing so much that, even though we've added enough new oil and gas pipelines to circle the Earth in the last three years, we still don’t have enough pipeline to transport it all around the country quickly enough, particularly to our nation's refineries.
And, as President Obama explained when he spoke there today, the fact that production is outpacing pipeline capacity is causing bottlenecks in places like Cushing, slowing our ability to further increase oil supplies when gas prices are high and we need it the most.
Modernizing pipeline infrastructure and expanding its ability to deliver oil to refineries and consumers around the country is a vital piece of a strategy to reduce our reliance on foreign oil and expand production of American-made energy. That’s why President Obama directed his Administration to expedite the permitting and construction process of a new pipeline that will help crude oil make its way to Gulf Coast refineries more quickly, and doing so while protecting natural resources and the health of local communities along the pipeline’s proposed path.
The above excerpt and picture are from the White House website:
