Obama credited with saving Permian Basin economies!

[JQPublic1]

A local news reporter, Charlie Benton highlighted the blunt assessments of Bill Munn, Mack energy director of investments, who spoke at the Hobbs Chamber of Commerce Thursday night. A keynote of the speech was centered around how the Keystone pipeline would have killed the Permian Basin's economy if Obama hadn't rejected phase 4 of the operation. Munn, packing an impressive array of credentials and experiences under his belt, said:

"if President Barack Obama had not rejected phase four of the Keystone Pipeline, the results would have been disastrous for both Hobbs and the Permian Basin due to the flood of Canadian oil entering the U.S. market."

“Obama didn’t kill that to help Hobbs, but think about this: Had that been approved and you brought that thing down here, that’s a million barrels into this market. We’d be sharing cereal here tonight,” he said. “There’s always a twist. One of the candidates said, ‘We’re going to create 40,000 jobs,’ well they’re going to create some construction jobs, and then 150 people are going to manage that thing ... I’m just saying it’s a blessing that thing didn’t come down here. Why do we need it down here immediately? Let’s leave it up there, and when we need it, we’ll use it.”



Hobbs Daily News Sun ( Sunday 19 June )