Oil pipeline from Oklahoma to the Gulf to be completed next year

POSTED: Monday, February 27, 2012 - 10:00pm

UPDATED: Monday, February 27, 2012 - 10:04pm

A Canadian company will build an oil pipeline from Oklahoma to the Gulf of Mexico.

TransCanada says it will build the pipeline, and it should be completed next year.

President Obama has rejected a proposal to connect the line over the border with Canada, saying there wasn't enough time to conduct a proper review before a deadline.

A presidential permit is not needed for the Oklahoma to Gulf of Mexico pipeline because it does not cross an international border.

The White House supports the Oklahoma extension to the Gulf.

"This one is important because of… the bottleneck that exists, the glut of oil that exists, and we need to get that oil to the state-of-the-art refineries in the Gulf and get it to market,” stated White House spokesman Jay Carney.

The proposal to have the pipeline start in Canada is called the Keystone XL Pipeline. In a statement, Senator David Vitter said he supports today's announcement, but is still backing the full project, which would start in Canada.

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