It'll create thousands of jobs and ease fuel prices
There may be good news about the long battle over a pipeline that'll bring Canadian oil to the Gulf Coast. The Keystone XL Pipeline has cleared some regulatory hurdles.
John Felmy is chief economist for the American Petroleum Institute. He says we're inching closer to letting the oil flow.
"They first of all had their analysis done at the state department and now there's a 45 day comment period that follows."
Felmy says there's no doubt getting the Canadian Tar Sands oil will help ease $4 a gallon gasoline prices.
"Economists are really fond of saying that all other things equal, the more supply you have the more it helps consumers."
Felmy says the feds have also backed off a bit on Gulf oil exploration, but it'll take some time to fully recover from Obama administration policy mistakes.