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Oil & Gas

Obama to face ‘political consequences’ if pipeline goes unapproved, lobbyist warns

January 05, 2012
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WASHINGTON — A top oil industry lobbyist issued a warning to the Obama administration Wednesday, saying the president will face “huge political consequences” if the Keystone XL oil pipeline is not approved, The Associated Press reported.

Jack Gerard, president of the American Petroleum Institute, said in a speech at the trade association’s annual “State of American Energy” event that it would be a “huge mistake” for President Obama to reject the 1,700-mile Canada-to-Texas pipeline.

Obama faces a Feb. 21 deadline to decide whether the $7 billion pipeline is in the national interest, the article stated.

"Clearly, the Keystone XL pipeline is in the national interest," Gerard said. "A determination to decide anything less than that I believe will have huge political consequences."

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