GOP lawmaker urges President to help Alberta Oil Development
Posted November 05, 2018 09:59:02 A conservative Texas lawmaker has urged President Donald Trump to support a pipeline project to create jobs in the oil-rich Albertan oil fields.
Rep. Dan Patrick (R-Texas) told the Houston Chronicle that he hopes Trump will sign an executive order directing the Department of the Interior to begin planning and constructing the pipeline to transport crude oil from the Eagle Ford shale formation to the nearby Bakken oil fields, which produce more than 70 percent of U.S. oil production.
“I hope the president will look at this project, the pipeline, as a way to increase the value of jobs in our country and help make this country competitive again,” Patrick said.
“The president needs to act to help our industry grow and grow our economy and help American jobs.”
The Eagle Ford is a deep-water formation in Texas, where production of crude oil is at an all-time high.
It is believed to be the most productive in the world.
The Eagle is expected to be completed by the end of 2018.
It would connect with a pipeline that would then run through the Bakken formation, a bit of oil that is currently held by the Bakker brothers.
Patrick’s comments come as President Donald J. Trump’s administration continues to explore the pipeline route.
The president announced last month that he would approve the pipeline if the company, Enbridge Inc., could meet its environmental review requirements.
Enbridge, which is owned by billionaire Harold Hamm, has said that the project will create jobs, but has not said how many.
Patrick is chairman of the House Energy and Commerce Committee and serves on the House Natural Resources Committee.
He said he would push for Enbridge to build the pipeline at a cost that does not include a tax credit, a subsidy, or the full amount of the project’s costs.
“We have a massive pipeline in the works, but it is an expensive project,” Patrick told the Chronicle.
“If you have a pipeline built for $2.5 billion and it costs $6 billion, the president can do whatever he wants with that money.”