keystone x.l. pipeline in september of 2008. september of 2008. now, if you do the math, that's more than six years ago. more than six years ago and there's a process somehow to get to a conclusion? so that company which has invested hundreds of millions already, wants to build an 8-point -- ultimately $.9 million project, that will move 830,000 barrels of oil a day, and here they are six years later still waiting for approval. and that's why today we are asking congress to step forward and do what the american people want. keystone is not a new issue. the american people understand this issue. poll after poll shows the american people by a margin of about 70% to 20-some percent support this project. who do we work for mr. president? who do we work for? we work for the people of this great country and 70% of the people of this great country say approve the project. after six long years where all of the requirements have been met, approve the project. but the president of course continues to hold it

keystone x.l. pipeline legislation is because in many ways this is a bit of unfinished business. it was just six weeks or so ago that we had this measure before us on the floor of the united states senate. it was before this body for debate good debate led by our former colleague from louisiana who was -- was absolutely passionate absolutely passionate in her defense of why this was timely, why this was important, why this was critical that this measure be approved. and we had that debate and unfortunately the final vote shy by one vote and so we did not see passage. but it was -- it was a measure that was in front of us because yes, it was timely but also because of the work that this body had done to help advance it init. in the energy committee we had had hearing we had process and we had a bill in front of us. now, first week of the session and we have a lot of measures that we will be taking up that are extremely important. but they are perhaps not as primed, if you will, for action on the sen

keystone x.l. pipeline act. the chairman will be in receipt of a motion from the gentlewoman from north carolina. >> i move the committee grant the keystone x.l. pipeline act a closed rule, equally divided and controlled by the chair and ranking minority member of the committee on transportation and infrastructure and the chair and ranking member of the committee on energy and commerce. the rule provides that the bill shall be considered as read. the rule waives all points of order against provisions in the bill. the rule provides one motion to recommit. section two of the rule provides for consideration of h.r. 30 the save american workers act of 2015. under closed rule. the rule provides one hour of debate equally divided and yoled by the chair and ranking minority member of the committee on ways and means. the rule waives all points of order against consideration of the bill, the rule provides that the bill shall be considered as read, the rule waives all points of order against provisions in th

not keystone. this bill exempts keystone from contributing the same eight cents per barrel that every other oil company is required to pay into the oil spill trust fund. tell me mr. speaker why is this? if the authors are so certain that this pipeline does not carry any environmental risk won't they allow the review process to run its course? i stand with my colleagues, i want those jobs, i want them around the country. we can do this. we can do better. i urge a no vote on this dangerous precedent mr. speaker. the speaker pro tempore: the gentlelady's time has expired. the gentleman from kentucky. mr. whitfield: at this time i'd like to recognize the distinguished gentleman from illinois a member of the energy and commerce committee, mr. shimkus, for 1 1/2 minutes. the speaker pro tempore: the gentleman from illinois is recognized for 1 1/2 minutes. mr. shimkus: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection. mr. shimkus: thank you mr. speaker. a

not keystone.ibuting the same $0.08 per barely that every other oil company is required to pay in to the oil spill trust fund. tell me, mr. speaker, why is this if the authors are so certain that this pipeline does not carry any environmental risk? won't they allow the review processes to run its course? i stand with my colleagues. i want those jobs. i want them around the country. we can do this. we can do better. i urge a no vote on this dangerous precedent, mr. mr. speaker. >> gentle lady's time is expired. za from kentucky. >> at this time, i would like to recognize the distinguished gentleman from illinois a member of the energy and commerce committee mr. shifkus for one and a half minutes. >> gentleman from illinois is recognized for 1 and a half minutes without objection? >> thank you, mr. speaker. also, i want to say congratulations to my friend congressman paloon for assuming the rafrminging position. we look forward to working with you. today is a great day. this pipeline should have been

clearly, the keystone xl pipeline is in the national interest of our country. it will support more than 42,000 jobs, boost our economy by $3.4 billion, and help reduce our reliance on middle eastern oil. for all of these reasons, the keystone xl pipeline -- and others like it, make sense. but there's another reason we've made it the first bill we take up in the senate. it's important not only because it's vital energy infrastructure legislation, but also because it has bipartisan support in congress, the over-whelming support of the american people and it represents a real opportunity to break through the grid-lock in the senate by returning to what's called regular order. regular order, which our new majority leader mitch mcconnell is reestablishing, means allowing an open amendment process and real debate on important issues for the country. in other words, senators will have an opportunity to advance their ideas, have them debated in an open, transparent way, and then get a vote. measures will need 60 votes, which neither party has, meaning legislation will

five keystone supply chain. the washington politics behind the delay are of little concern to those seeking the dignity of a good high paying job. we. we renew our call to president obama to approve this important job creation project without delay. people take personal pride in their work and their job. i am ready to vote for it. the american people have been clear. they are tired of the direction president obama has taken this country. the american voters demanded change and action and this congress will deliver just that. i say to my friend and colleague from north dakota and the chairman of the senate energy community, thank you both for your lead and thank you specifically the senior senator from alaska, the chair of the energy community. i look forward to working with both of you on this project and additional issues that will bring american energy security and jobs to our nation. .. continued hard work on this important issue and i look forward to working with him again to get this done for the american.

not keystone. this bill exempts keystone from contributing the same eight cents per barrel that every other oil company is required to pay into the oil spill trust fund. tell me mr. speaker why is this? if the authors are so certain that this pipeline does not carry any environmental risk won't they allow the review process to run its course? i stand with my colleagues, i want those jobs, i want them around the country. we can do this. we can do better. i urge a no vote on this dangerous precedent mr. speaker. the speaker pro tempore: the gentlelady's time has expired. the gentleman from kentucky. mr. whitfield: at this time i'd like to recognize the distinguished gentleman from illinois a member of the energy and commerce committee, mr. shimkus, for 1 1/2 minutes. the speaker pro tempore: the gentleman from illinois is recognized for 1 1/2 minutes. mr. shimkus: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection. mr. shimkus: thank you mr. speaker. a

keystone x.l. pipeline. and i want to reiterate many of the comments expressed by my colleagues and convey the importance of this pipeline because, as the senator from north dakota mentioned and showed on his map the very first state the keystone pipeline enters as it comes from canada is the state of montana. and let me tell you something it's not just a pipeline, this is also changing the way of life and an economic stimulus for our great state. i spent a lot of time traveling around the state in my pickup, and as i drive around eastern montana, where the keystone pipeline will travel we recognize this is a lifeline for many of our rural communities. in fact, circle montana. now, circle montana is a small town of around 600 people. it's located in mccomb county and its one of six montana counties that the keystone x.l. pipeline will route through. now, circle like a lot of small communities in montana, has experienced the same economic and population declines that towns have faced in recent years

. >> after all this time the keystone xl pipeline does not >> after all is this time the keystone xl pipe life does not run to the gulf of mexico, but the bill authorizeing the project is about to run as far as the white house where the president promises a veto. it's inside story. &. >> hello i'm ray suarez. the keystone pipeline will bring crude from canada through the united states to the gulf of mexico. back when the debate was joined crude oil was much more expensive. u.s. supply was not as large and canadian crude was making it out of canada by rail. fast forward to today crude is cheap. american supply is plentiful and the u.s. senate is controlled by republicans. so keystone's extension is once again in focus for legislators and for "inside story." the senate voted to move forward with debate around the keystone xl pipeline. president obama has threatened veto a bill authorizing the pipeline if it lands on his desk. bills need two-thirds support from the senate, 7 votes to override the presidential veto. >> we're asking the president again today and to do that we're working a

the approvement of the keystone pipeline is will bring jobs. we're off to a strong start. >> reporter: the president and rankers are all opponents of the 1200-mile pipeline planned. senator barbara boxer of california said when a new majority takes over in the congress you know the first bill they take up symbolize all their priorities. you know the bill they pick would bring 35 jobs. that's a big hug big kiss to big oil and canadian interests. that's what it's about. if the pipeline is built more than 800,000 barrels of crude oil per day would run from canada through the u.s. >> the congress is once again calling on the president to remove the barriers to completing the network of international pipeline links meant to bring canadian oil to the outside world through american ports through the golf of mexico. this time on the program the continuing battle over keystone. there is argument of how many jobs the project will or won't create. some say it's about american energy independence. it has been and continues to be a political lightening rod

it's just a question of how we think about it. >> but keystone is just part of the problem. steyer says the bigger climate issue is how tar sands oil is recovered from the canadian countryside. 20% of the oil is mixed in sandy soil lying just below the surface and is strip mined and spun in centrifuges to separate the oil from the dirt. the remaining 80% is trapped hundreds of feet below solid rock. steam is injected underground to loosen the oil and it is pumped out. the thick tarlike crude must be mixed with chemicals to make it flow through the pipeline. tar sands require 70% more energy to extract than traditional oil. >> this is a gigantic mining operation in the middle of nowhere. they want to take production by 2025, more than double it. >> and your job is to make sure that never comes out of the ground? >> well, look, from my point of view -- i'm not a scientist. the scientists say it would be devastatingly terrible for the seven billion people on the earth if it does. >> when we return, tom steyer looks outside the box for answers. >> i actually believe that the sol

and the keystone pipeline that will create thousands of jobs. we're off to a strong start. >> environmentalists and middle american ranchers are all opponents of the pipeline planned. their concerns are about the potential environmental effects. when a new majority takes over in the congress, you know the first bill they take up symbolizes their priorities. of all the things that they pick they pick a bill that in terms of permanent job creation would be 35 jobs. that's proven by the state department. this is really a big hug and big kiss to big oil and canadian interests. that's what it's about. if the pipeline is build more than 800,000 barrels of crude oil a day would run from canada through the u.s. >> congress is calling to remove the barrier, meant to bring canadian oil to the outside world through the ports of gulf of mexico. there is argument over how many jobs the project will and won't create. later on the program, the federal gas tax, learning with insolventcy last summer was the high trust fund simply not equal to the task that it's

but the delay of keystone x.l. is even worse given the strong and well-documented economic and environmental case for the pipeline. keystone is the sort of a project that should have been quickly and easily approved for construction. but for some committed environmentalists inside and outside the obama administration administration, commonsense and balanced consideration of the facts no longer matter. instead, to them, the simple pipeline has become a political symbol. regardless of what the science tells us. and they have directed their ample energies at throwing up every procedural roadblock imaginable to the approval of the pipeline. as a result, this project has endured delay after delay after delay. mr. president, over the past few years, the american people have rightly developed the impression that washington is broken. there can be no better example of the consequence of this dysfunction than the holdup of the keystone x.l. pipeline sitting in bureaucratic purgatory. when a project such as this, which is go

keystone x.l. pipeline. chairman murkowski and senator cantwell are here this morning to manage debate and there are several amendments pending. we'll begin voting on those and any other amendments in the queue shortly after lunch today. senators also should begin gathering in the chamber at 8:20 this evening so that we can proceed as a body to the house for the state of the union address. now, mr. president i understand there is a bill at the desk that is due for second reading. the presiding officer: the clerk will read the bill for the second time, the title of the bill for the second time. the clerk: h.r. 240 an act making appropriations for the department of homeland security for the fiscal year ending september 30, 2015, and for other purposes. mr. mcconnell: in order to place the bill on the calendar under the provisions of rule 14, i would object to further proceeding. the presiding officer: the objection is heard. the bill will be placed on the calendar. mr. mcconnell: now mr. president, w

not keystone. this bill exempts keystone from contributing the same eight cents per barrel that every other oil company is required to pay into the oil spill trust fund. tell me mr. speaker why is this? if the authors are so certain that this pipeline does not carry any environmental risk won't they allow the review process to run its course? i stand with my colleagues, i want those jobs, i want them around the country. we can do this. we can do better. i urge a no vote on this dangerous precedent mr. speaker. the speaker pro tempore: the gentlelady's time has expired. the gentleman from kentucky. mr. whitfield: at this time i'd like to recognize the distinguished gentleman from illinois a member of the energy and commerce committee, mr. shimkus, for 1 1/2 minutes. the speaker pro tempore: the gentleman from illinois is recognized for 1 1/2 minutes. mr. shimkus: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection. mr. shimkus: thank you mr. speaker. a

really the keystone export bill. it is taking the oil and sending it out of the united states and after they have constructed the pipeline, there's only 35 permanent jobs left. meanwhile all of the lower priced oil that could have benefitted american drivers, american manufacturers, would have gone out of the united states of america. that is not a job creation. that is a job destruction strategy for the united states. >> let's turn to congressman jim mcdermott of washington. congressman, we see pipelines that leak and this one that has unfolded in the yellow stone. you would think people in congress would pay more attention about what's going on here. the danger here is that this pipeline would be over the aquifer. how do the republicans just ignore that? >> i don't know how they do that, ed. they really have to bury their head in the sand so to speak. we had a pipeline that ruptured in the state of washington that filled a river and caught on fire and burned two kids to death. they were fishing by the side of the r

. >> where are the dissenting voices on keystone. now we're coming down to the wire on the keystone xl pipeline project. the misinformation continues to roll out there. the 114th congress starts work tomorrow. mitch mcconnell has made it clear that the keystone xl pipeline will be his top priority to get business started in the new year. a house vote on keystone is expected on friday and a senate vote will come as early as next week. they're tired of inaction. what does acting mean? just gives you some examples it won't surprise you, things like approve the keystone pipeline which would put many people to work almost immediately. >> job and the economy, that's what mitch mcconnell is going to focus on. they think that 42 thousands jobs being created, which are temporary construction jobs that's a great numbers, yet we don't hear anyone yesterday talking about, you know last month we had a pretty good month. we aded over 200,000 have done it 57 straight mondays to the opportunities of 10 million jobs, but all of a sudden this 42 to ke

and, at this point, the debate over the keystone xl pipeline. >> for six years, the debate over the keystonel pipeline has dominated beltway politics. >> if it's ever built, it will carry tar extracted from alberta canada some 1,700 miles to nebraska, but it has been stalled for six years at the canadian border awaiting the president's approval. >> jon: oh! poor lonely pipeline! i don't know why this doesn't go around america this way and just sneak in from the mexican side. apparently, we don't even control that area! (laughter) this is a contention issue. i imagine the new congress will want to put the issue on ice and start small with other less divisive legislation. >> first item up in the new senate will be the keystone xl pipeline. >> i can confirm for you that if this bill passes this congress the president wouldn't sign it. >> jon: gonna be a fun two years! (laughter) well, first thing we're gonna do is poke you in the chest! well, i can assure you the president will break his (bleep) fingers. (laughter) here we go. impasse. keystone pipeline, lasting over half a decade! for somethin

we want to submit an original bill to approve the keystone xl pipeline. the text of this bill is identical to the original bill reported by this committee last year on a pipe part -- bipartisan vote. it fell one vote short in the senate. i think it is fair to say that the world, and the country, but also the world is watching the united states to see if we are ready to lead on -- as a global energy superpower, which i think we recognize we have become. we certainly are viewed in the eyes of many outside this country. and an energy superpower that respects its neighbors, and the trade with its allies, else necessary if the structure -- necessary infrastructure such as the pipeline. i think the congress is ready to send the signal on a bipartisan manner in a way that is strong. i think the american people are ready, that we continue to be blocked by this administration. there is already a veto threat out there, but i don't think that the threat did to deter us from our initiative both as a committee, as the senate, and is a congress. this long-delayed keyst

the keystone x.l. pipeline bill, with the time equally divided until 12:30. some of our colleagues on the other side continue to filibuster the motion to proceed to the bill. all senators should know that we'll get on this bill today and we'll begin the amendment process. we can do it the eatcy easy way or we can do it the hard way. either we'll get on it this afternoon by consent or shortly is after midnight without consent. but we'll get on it today. it's surprising to me that some democratic senators are choosing to exercise their procedural rights in order to block their own colleagues from offering amendments to the bill. although at this point the only senators who have filed amendments at the desk are republican senators. so i want to make it clear to everybody, you know, we're committed to an open amendment process but not an open-ended one. and so we are hopeful that democrats who continue i read have a number of amendments will give us a chance to get on the bill and offer amendments so the s

let's assume there is passage of the keystone xl.hat effect would that have on the price war between american show companies and opec? guest: we thought we were going to make ourselves energy secure as a nation and 40 years later what will give us that opportunity is the free marketplace. we are able to compete with anyone in the world in the production of oil and natural gas. we need to take that advantage at home and put it to good use for our people. you can clearly see the concern they are expressing. things we have topped about -- things we have talked about for 40 years are coming to. we have a rich abundance here at home that we can produce, making us less reliant on unstable parts of the world. host: gem, stillwater, oklahoma. that is close to cushion oklahoma. caller: right near it. the pipeline has been under construction, going to the gulf coast and i believe up north. it has impacted stillwater including cushioning -- including cushing, oklahoma. it has been a benefit to us. what has not been brought up is by train, it is

the keystone jobs bill. it's heartening to see a real debate and amendment process on the floor of the senate again. it's the result of a new spirit of reform that's being brought to congress. it aims to give members of both parties a stake in positive solutions, so we can get washington functioning again on behalf of our people. we're looking to the president to join us in our positive mission for the middle class. it's what the american people just voted for last november. it's what senator ernst articulated so well last night. and if the president is willing to put the veto threats away and the design to fail talking points aside we can still cooperate to get some smart things done for the people we represent. mr. durbin: mr. president? the presiding officer: the democrat leader. mr. durbin: last night the president talked about the economy and the progress we've made. the united states grew 2.6% last year and in the third quarter alone our economy grew by 5%. nearly three million jobs were created. the b

second the president says i just want to spend on infrastructure the keystone pipeline.he president says it won't create permanent jobs. ask the people who work for block buster video until netflix came along. i believing that if we don't do the pipeline they shrug and say let's leave the oil under the ground. it's going to be taken out of the tar sand turned into oil and shipped to fuel cars around the world period. >> before all the talk before congress and the president went back to work this week all the talk about bipartisanship, big compromise compromises, there sure was no sense this last week that anything big is going to get done. >> i don't think there's any reason that anything big is going to get done. and there's historical basis to think that when you have one party in control of capitol hill and another party at the white house. historically, there has been an increase in legislative creativity. but we live in an age of such dark polarization. i don't think you have seen the basic elements change with the republicans taking control of the hill. and this we

how do you apply that to the work you are doing now against the keystone pipeline?let's go back for one second. i actually believe the solution for our energy problems is going to be corporate america, is going to be private enterprise, that when we get the policy framework right, the people in that sphere will come up with creative, imaginative, innovative solutions that will blow our minds. if you really look at what is happening in the fossil fuels arena, people are being really creative and innovative. some people hate fracking, but fracking is a new technology some people in the united states came up with as a way of engineering around an old problem. that's exactly what i expect american business to get. >> you are saying not all corporations are evil. not all of them are back. in fact, it's ok to make money as long as it's toward a goal. >> i don't think corporations are evil. what i don't think we should do is rely on corporations for our morality. the truth is we are a nation of people, and i hate to say it, but the law of the land is the people who run cor

add this amendment to the keystone effort.he first provision is one that is incredibly important to many of the members of this committee and the congress because it's a market-driven approach to aligning the interests of commercial buildings owners and their tenants. it is called tenants star. senator ayotte has taken the lead on that over the years. the second is timely and has to do with water heaters. senator hogan has taken the lead on this. here we have a department of energy regulation if we don't stop it now with actually make our country less energy efficient. and it is urgent because the manufacturers of these water heaters are saying if you don't act now we won't be able to continue to produce these water heaters. we have got hundreds of electric co-ops around the country that operate these voluntary programs that use these electric resistance water heaters to store energy at night and they do so to reduce energy demand during peak energy demand periods. so, you know, it's the kind of legislation that we ought to pa

but keystone x.l. is one project.t is one small part of the employment that energy production and infrastructure development can provide for our nation. we already have 19, 19 pipelines. and this is coming down from canada in the north and coming up from mexico in the south. we're already building up our l.n.g. export capability and so much else. so again keep in mind this is not the first time that there has been a request for a cross-border pipeline. we have got 19 in place. what makes this one so special? mr. president, i have more that i intend to discuss. i know that our leaders are expected down to the floor here shortly. i look forward to good, honest debate about our energy resources, our energy opportunities and our energy challenges. i think the american public is -- is ready for this discussion. i don't know what happens in the -- around the dinner table in the hometowns in georgia but i can tell you in alaska we talk a lot about energy, and we don't talk about it because we're an energy-producing state. we

house republicans are expected to hold a vote on the keystone xl pipeline this friday. paul is here with that. >> well, john, the house has passed several keystone bills in the past. and they're expected to pass another one too. they still don't have the 2/3 majority they need to override a presidential veto. but that doesn't mean that they're giving up. the fight has been going on for years now, and during that time, it has changed with the economy and oil production, so the question is, can the republicans still make the case for keystone? there was no mistaking the message from the white house. even if a new keystone xl bill gets out of congress, it's dead on arrival at the oval office. >> you can confirm that if this happened in this congress, the president wouldn't sign it either. >> setting the staple in yet another battle in the long war over keystone. if it's ever built, it will carry tar extracted from canada some 1700 miles to nebraska. there, it's connected to existing pipelines on the gulf coast, but it has been stalled for six years at the obtaineddiancanad

the keystone x.l. pipeline. right now the keystone jobs bill is being considered by the committee. the keystone jobs bill will then be subject to real debate and amendment here on the floor of the senate. and then we plan to send the keystone jobs bill to the president's desk with bipartisan support that may be a departure from what senators have become used to, but for members on both sides i think the change will certainly be welcome. i think senators in both parties are ready to have their voices and the voices of that you are constituents heard -- voices of their constituents heard in the senate. the senate understands that keystone presents a real opportunity for washington to finally prove to america that it can prioritize jobs for them over the demand of powerful special interests. that's what the voters told us they wanted just last november, and that's just exactly what washington should aim for now by passing this bipartisan job-creating infrastructure project. as we consider the keystone job

with the keystone x.l. pipeline bill that a bipartisan of majority of congress will soon send his way, we are presenting him an opportunity an opportunity to say i heard the message that the voters delivered on november 4 and i heard the american people say we're tired of the dysfunction in washington, d.c. we actually want to see congress and the white house work together to get things done on behalf of the american people. so it's not too late. i hope he will listen, not only to people like kenneth edwards and union workers across the country but to the vast majority of americans who support this important project. mr. president, i yield the floor and i would note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: vote: vote:quorum call: quorum call:

you need to build keystone. oil is a global commodity and when it glows on the global market, it brings down the price. well, we can't do that. well, you need to do some drilling offshore. well, we can't do that. and this guy looked at me and drills in oklahoma, and he said the next time you go to washington and all these people are local producers, why don't you ask those people in congress how rich they would like us to be, because every time they do this, they lower the supply globally and increase the price domestically. none of us are going to make any money out of this suggestion. we are local independent producers. we aren't drilling in alaska. none of this stuff helps us, but if you want to constrict the supply and make everyone around the table a multi millionaire, go right ahead. we are trying to solve a problem in this country. and this is counterproductive to stop. i was on my high horse, but one of my -- one of the few issues that punches my republican buttons. >> i appreciate everybody being here t

pump, and compressors made in ohio, keystone is about jobs. and it's about jobs far outside of the states that are directly involved in the pipeline. states like ohio that will benefit. earlier senator wyden talked about the importance of american steel. he mentioned that we do have some challenges on the trade front. we sure do. we had two big entries last year one in february and one in the summer who were able to get anti-dumping tariffs to companies unfairly trading their steel. we've got to continue to fight to make sure american workers are protected. we'll do that. and we want to make sure that the steel is being used in projects like this. i'm interested in continuing to fight on that. i will respond to senator wyden he thought the ducks would score in the time it took him to talk. he talked for 6 minutes and 16 seconds. i doubt that the ducks will score during that time period. i'm confident that the bucks will score twice during that time. madam chair the amendment that you've worked on you've worked on for a long time. senator manch

must understand about this keystone pipeline debate. want lower prices for consumers lower prices at the gasoline pump, lower prices for home heating oil lower prices for diesel lower prices all across america. it's like a tax break that is going into the pockets of every single plern american, giving them more spending money because they're paying much less for oil in all of its forms in the united states of america right now and it is giving an incredible incentive for economic growth right here in america. what makes america great? what makes america strong? what makes us strong is when we're strong at home. and what makes us strong at home is our economy because the stronger our economy is, the stronger the united states is in projecting power across the planet. and so that's why this debate on the exportation of oil is so central. it goes right to the heart of what it is that we must be discussing and debating in our country. this is an incredible opportunity for our country. and let's take it to the next step. the next step includ

that is the primary reason that i oppose keystone. the united states, madam president, thank goodness is on a clean energy roll. not only are we on a clean energy roll, we are on an energy reduction proehl roll that is helping you know, helping our trade deficit and hurt something of our most significant global adversaries notably russia and iran. we had embraced over the last few years a set of conservation and efficiency investments probably most notably the increased cafe standards that have -- standards that have saved energy and helped the auto industry significantly rebound. our natural gas revolution which i'm a strong supporter of has enabled american industry and consumers to get lower price energy and enabled us to switch from dirtier fuels in the production of electric power and other aspects of our power usage. wind and solar developments and other noncarbon energy developments has rocketed ahead nearly a third of the energy added to the american electricity grid since 2005 has been in the wind and solar area. and we're on

and all this keystone x.l. pipeline that we'll be voting on will do is increase the supply, increase the supply, which means more product which means hopefully downward pressure on prices for hardworking american taxpayers. while the president stood in the way of the building of this completed pipelines and the tens of thousands of jobs it would support, down in texas the gulf coast leg of the keystone is already booming but they're hungry for more crude feed stock so they can produce even more, and more jobs can be created. it's been good for local communities. i talked to the mayor of beaumont and other local communities. i talked to the county judge. this is taxes that are provided by investment like the keystone x.l. pipeline. those not only create good jobs but the tax base necessary to educate our kids in k-12 education. they provide the products and services from local businesses who sell those. in other words it's really a force multiplier, projects like the keystone x.l. pipeline when it comes to our e

the fight over keystone has occurred a lot. the question is can republicans make the case for keystone. >> reporter: there was no smoking the message from the white house. if a new keystone bill gets out of congress it is dead on arrival in the obviously office. >> i can confirm for you if this bill passes this congress the president wouldn't sign it. the president's vow for veto sets the stage for a battle in the war over keystone. if built, the pipeline will carry fuel from the pipelines of the tar sands of alberta canada, to nevada. there it will link up to pipelines on the east coast. it has been stalled, awaiting the president's approval and a lawsuit in nebraska. >> the bill is not past. >> that was a no vote back in november. environmentalists and democrats long called the project an environmental nightmare. one that would accelerate climate change and potentially pollute major u.s. sources the clean water. with republicans running both chambers of congress senate majority leader mitch mcconnell promises the pipeline wil

one you've probably heard about is the keystone jobs bill. >> so if keystone doesn't get pass this yearing jump into the debate. >> you won't get me to talk about keystone because i have steadily made clear that i'm not going to express an opinion. this is in our process and that's where it belongs. >> so if it does pass one big winner from keystone could be the unions. james hoffa is the general president of the international brotherhood of teamsters and my guest today. great to have on the real story james. >> good to be here. >> what do you make of this give and take of the keystone pipeline. hillary clinton said she won't give an opinion. president obama not in favor of it. then you have joni ernst calling it a jobs bill. >> we're for it. we think it puts people to work. it's interesting in washington where nobody can agree on anything but this is one bill where the republicans and democrats can come together here and have a vote. labor and business can come together on the keystone pipeline. so maybe it's something we can get done that will create 25,000, 40,000 new jobs in america

it is not just about keystone.y are not in favor of that jut because of keystone but energy infrastructure generally. could be one step in a development train that creates more jobs and provides more energy security. i mean the shale oil gas boom is the big one. but again if we are talking about infrastructure and upward mobility energy jobs pay well paid salaries to people who are currently unemployed so why is it somehow off limits? >> you seem to be good on this issue, right, the keystone pipeline? what is the tabiology graphy of the peopleline? >> the geography is from can that. >> what part of condition da? >> nebraska and oklahoma state. >> where does it go from there? >> nebraska. >> down to the gulf coast right? >> through nebraska. >> how does it get to the gulf coast? >> through a pipeline. >> through nebraska. >> a clean shot. one shot down. go through several states? >> goes through seven rat several states. >> which states. >> north dakota, south dakota, nebraska kansas, texas. >> where does it end? >>

when we return -- >> keystone.ress have enough votes to get the controversial pipeline built? ♪ . . >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> showdown on keystone. it's not just washington that has a stake in all this. we speak to the ceo of the company that wants to build a controversial pipeline. >> glaxosmithkline sure need to pick me up. stock tanked last year, we find it with a turnaround strategy is all about. >> calling her a fashion icon doesn't even start to tell her story. we hear from diane lane furstenberg. welcome to the second hour of "market makers," i'm stephanie ruhle. let's get you started with the top global business stories of the morning. metlife is going to court over the government's designation that is simply too big to fail. that label brings with it quite a bit of issues and guidelines from regulators. plus, metlife says the extra costs are exorbitant. earlier on "market makers," we start -- we talked with steven a

. >> sounds like a keystone answer. >> you decided to go there. after co- >> you mentioned the loan guarantee program. if we were to borrow the analogy earlier. bring us up-to-date with that program has done the? >> sounds like a keystone answer. >> you decided to go there. >> you mention the one guarantee program. the first chapter and a loan guarantee program. bring us up-to-date on what that one guarantee has done. >> it has deployed $30 billion roughly speaking across the energy spectrum including by the way i believe a the next speaker on the nuclear project but fossils and renewable efficiency. the portfolio has been a major success. let me give you one good example in solar. in 2009, the united states had zero utility scale projects. by the way in the 2009 pointing back to the financial discussion, the debt financing was not easily available. the loan program stepped in and provided support for five projects successfully. today there are 17 projects greater than 100 megawatts completely with private financing. that is the model of what we w