[TheRealVille]

This action is vintage Obama. He is trying to kill the pipeline project to please the environmental wackos in his liberal base while simultaneously blaming Republicans.

Our biggest supplier of imported oil, Canada, wants to send its oil to American refineries where it would be refined into gasoline and other products but Obama effectively tells them to sell their oil to the Chinese instead.

Maybe we can begin importing gasoline and fuel oil from China in a few years.

I thought you agreed that our refineries were at capacity, and that we have a surplus of gas?

Oil reserves and refined gasoline are two separate issues. We have a surplus of gasoline because our economy is in the toilet, so demand is down. About 70 percent of the cost of a gallon of gasoline is the cost of the crude oil consumed during the refining process. If our refineries produce a surplus of gasoline during slow economic times, would you rather they not export the surplus and lay off workers, or keep pumping gasoline to the highest bidder?

http://www.politicususa.com/en/gop-gasoline-export
http://www.cnbc.com/id/45826765/