This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Why Obama's Cushing Pipeline Push Won't Excite Voters

NEW YORK (TheStreet) -- The press release issued late on Wednesday by the White House previewing President Obama's appearance at the Cushing, Okla. oil hub on Thursday doesn't make for an entertaining read. It's also hard to imagine that it will shift the debate about high gas prices.

Earlier in the day, when the market drove up the price of WTI crude oil, at least in part based on the expectation that the Cushing Pipeline - running from Oklahoma to the Gulf Coast - would move full speed ahead, Republicans downplayed the White House offensive as a game of strategic misdirection.

The grand prize, the controversial Keystone XL Pipeline, which would connect the Cushing Pipeline to the oil riches of Canada and North Dakota, still isn't moving anywhere, caught up in the contentious battle between big money political interests on both sides of the aisle.

The pain-at-the-pump election year issue is not likely to be decided by a wonky discussion of bureaucratic processes.

Leaving that political fracas aside, the White House plan to convince Americans that it understands the pain-at-the-pump and has the consumer's back sure didn't read as such in the mind-numbing, bureaucracy-bundled words that are to be on Obama's lips at Cushing.

Here's a glimpse of the Executive Order on Improving Performance of Federal Permitting and Review of Infrastructure Projects:

"Because many permitting and review decisions for significant infrastructure projects involve multiple Federal agencies, the Executive Order sets up a Steering Committee chaired by the Office of Management and Budget's Chief Performance Officer and composed of relevant Federal agencies and directs it to develop a Federal government-wide plan by the end of May that includes clear deliverables and timelines for reducing the amount of time it takes to make permitting and review decisions. This Federal Plan will institutionalize permitting and review improvements like conducting permitting analyses and reviews concurrently rather than sequentially to eliminate duplication; enhancing coordination with State, local, and tribal governments; engaging early with stakeholders; and using information technology to replace outdated paperwork."

Is it just me, or how can a plan so laden in bureaucratic speak possibly connect with voters? It helps little in my estimation, if it is the White House goal to gain the upper hand in the debate over gas prices, when the White House adds, "The Executive Order will significantly reduce the amount of time it takes the Federal government to make permitting and review decisions for infrastructure projects such as roads and surface transportation, aviation, ports and waterways, water resource projects, renewable energy generation, electricity transmission, broadband, and pipelines."

It took me so long to get to this summation paragraph that the last thing on my mind was anything about being on any fast track.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs