WASHINGTON, Jan. 31 -
Mr. Speaker, across the globe, Iran continues its saber rattling. The little fella from the desert, Ahmadinejad, threatens to block the Strait of Hormuz and all the oil shipments going through it.
This worries Americans who can't afford for the price of gasoline to go up.
What if we made unstable Middle Eastern countries irrelevant to our energy security? Imagine a place where the United States actually controlled its own energy destiny. There are two different paths to that world. The administration and environmental obstructionists will tell you the only way to energy independence is through so-called "clean and green" energy projects funded at taxpayer expense.
This may sound good in a sound bite, but these projects are expensive, unreliable, and in many cases they continue to fail.
Cases in point, three companies: Solyndra, Ener1, and Beacon Power. In each of these cases, the Federal Government has taken taxpayer money and gambled it on risky projects. With Solyndra, half a billion taxpayer dollars were poured into a company that was doomed to fail. The result: Solyndra went belly up, 1,000 people lost their jobs, and the American people will never see a refund on their money.
Clean energy may be a noble goal, but we're just not there yet.
The second path to controlling our energy destiny is an all-of-the-above approach: solar, wind, nuclear, clean coal, natural gas, and yes, oil.
For now, oil is the most reliable and cost-effective source of energy we have. That's one reason why the Keystone XL pipeline is a golden opportunity for our country. This project, unlike Solyndra, won't cost the taxpayers any of their money.
It would bring 750,000 barrels of oil per day from our stable ally, Canada, down to refineries in my district in southeast Texas. Equally important, it would create at least 100,000 jobs in its lifetime, including 20,000 immediate construction and manufacturing jobs. But unfortunately, the administration has said no to Keystone pipeline. It said no to our national interest. It said no to jobs. It said no to energy security. It said no to our ally Canada. It said no to the will of the American people because most Americans support the pipeline. But it did say yes--yes to China, because China will probably be the recipient of that Canadian oil and the jobs if the pipeline is not built in the United States. Now, isn't that lovely?
Keystone would enhance our energy security by bringing almost as much oil as we get from Saudi Arabia to the United States. It would help