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What's the holdup on the Keystone pipeline?

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  • Description

    'Special Report' All-Star panel weighs in

  • Duration 5:35
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This transcript is automatically generated

It's.

Twenty people says things do get more attention in the media then.

The 65%.

Of Americans.

That prefer to get their oil from Canada.

Rather than Venezuela or the Middle East so.

Am -- concerned about the fact the media will go with the picture.

As opposed to sometimes logic.

That's just part of how.

Issues are covered.

But when you look at -- public opinion supports it.

Unions want the jobs needed jobs.

A vote in the house.

118 months ago was very much in favor of this a vote in the senate last year.

Was 56 to 42.

A Canadian ambassador talking about the keystone XL pipeline which still is in limbo saying the US should want oil from a reliable ally and -- you see the chart.

About the gas prices going up.

Actually.

Prices have now increased 32 days in a row jumping 43 cents a gallon since mid January 15 cents a gallon.

In just the past week continuing to rise we're back with the panel.

Charles what about this obviously they're different causes -- gas prices to go up seasonally.

Mixing.

Different fuel additives that sort of thing but also in the context of the keystone XL pipeline debate.

Its intention to.

Look at -- you know the present decision is second -- normally.

You then couldn't put aside political or partisan considerations -- not going to be reelected.

And you are back in the national interest the keystone issue is the most open and shut case I have ever seen.

Not only will it reduce our dependence on Hugo Chavez in the Middle East -- get -- from Canada.

And not only would -- be an insult if we sort of slammed the door on Canada closest -- But refusing the pipeline are not building it would have absolutely zero effect on the environment.

The Canadians who stumbled on the largest reserve of shale oil around they -- of the Saudi -- leadership.

They're not gonna keep it in the ground if we don't -- it's gonna go to China they have -- so.

So I have zero effect on the climate global warming whatever you want.

And then but the fact that Obama is still mulling over this I can understand clashed here he wanted to hold -- left wing base.

He wanted to re election.

But now after he's won reelection -- it shows how if he refuses it which I think is still possible.

It would really show how partisan.

Considerations -- way out -- the national interest I think you'll be shocking secretary Kerry now secretary carries interstate said.

An announcement will come in the near term saying it won't be long in the near -- what he said want how do you think -- go.

I think they're leaning towards approving it I think it's a real disappointment that's the case for.

So many of the people young people who poured into town over the weekend to protest this and they're concerned about climate change they're concerned about the gases that are admitted Charles says it's a fact.

Anyway even if he doesn't approve it but.

When you consider it's a very dirty process that we're talking about extracting it from -- stands.

And then of course they had to be the approval of the route through the US and the question how would it affect especially like the aquifer in Nebraska.

That's why the governor they're have to look at another round.

You understand why they're people who are concerned about this and see this as part of what should be president Obama's effort and his legacy.

To limit greenhouse gases that are causing -- global warming.

But I think that right now it's just what you heard the ambassador from candidates say.

You know it's not just that the public is with that the big unions are behind it for the jobs.

ExxonMobil all the big lobbyist in town are behind this.

And of course you could have -- retaliate in terms of buying F sixteens and all so you say he he disappoints environment so I think that's likely and is not it's not a done deal -- that's where the that's the way the wind blown.

Okay.

I'm not sure that I think you have to go back and and what look at that the view of the environmentalists with respect to climate change.

And if they don't want the price world come down they wanted to stay -- we heard this from Steven -- before he was secretary of energy.

You hear from the environmentalists you heard it on the mall this weekend.

That's -- goal they believe that if oil prices stay -- will lead to less consumption of fossil fuels and it will by itself have an effect on climate change and I think they're wrong and crazy for the reasons that Charles suggests.

And you can even make an argument that by building the pipeline in the short term you would actually reduce.

Carbon emissions because you would be having that -- be transporting.

This oil in a pipeline you wouldn't be doing it via tankers sending tankers here.

And then back and I think the bottom line and what people have missed I think in most of this debate is fundamentally that the -- does not want oil prices to be lower period.

They also don't want fracking.

Where are natural gas is.

Very low the price -- natural -- is -- so oil prices high.

And what -- don't do the environmentalists.

Want to think so it Windmills in the sun and algae that's essentially -- -- wanna live.

-- is already did that next target of the fracking.

And if you don't go to pipeline.

They imagine that the title is not going to be exploited in Canada they are ridiculous it will be exploited and open -- and --

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