NEW YORK ( TheStreet) -- President Obama defended on Thursday his administration's handling of the Keystone XL pipeline.
Speaking in front of large blue-green pipelines to a crowd in Cushing, Okla., the president placed blame on Congress and said it tried to push him into a decision too quickly.
"Producing more oil and gas here at home has been, and will continue to be, a critical part of our all-of-the-above strategy," Obama said Thursday.The president has said that he will expedite the review process of the southern part of TransCanada's (TRP - Get Report) Keystone XL pipeline, which would transport oil from Alberta, Canada, into the United States. Cushing would be one U.S. destination of the crude oil. Republicans have criticized the president's move to delay a decision on the pipeline. "Yes, in Cushing, Oklahoma, President Obama will strain all credibility by declaring his unwavering support for a private-sector project that he's single-handedly prevented from being completed. His support for part of it, anyway," a blog post said Thursday on House Speaker John Boehner's Web site.
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