WASHINGTON (WKOW) -- U.S. dependency on foreign oil, might be hitting a little closer to home than we're used to, in the future. A new report says a proposed oil pipeline from Canada to the U.S. Gulf Coast could substantially reduce U.S. dependency on oil from the Middle East and other regions.
The report, commissioned by the Obama administration, suggests that the 1,900-mile pipeline, coupled with a reduction in overall U.S. oil demand, "could essentially eliminate Middle East crude imports" over the long term. The $7 billion project would carry crude oil extracted from tar sands in Alberta, Canada, to refineries in Texas.
The report, prepared by a private firm at the request of the U.S. Energy Department, was released publicly this week. President Barack Obama is scheduled to meet with Canadian Prime Minister Stephen Harper on Friday at the White House.