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Detailed text transcripts for TV channel - FOXNEWS - 20120118:20:24:00

Miles of pipe, sitting around that will flood the market, reduce the cost of pipe, and they may have to lay off more workers. shepard: there is a whole lot 59 at play primarily about politics. the president has issue add statement explaining this wasn t about the merits of the project but about what he called arbitrary deadline which the republicans put in play for political reasons. a statement we just got from the white house, and then back to james for more on the republican side. this is from the president: early today i received a secretary of state recommendation on the pending application for the construction of the keystone xl pipeline. the state department made it clear the rushed and an temporary deadline insisted on by congressional republicans prevented a full assessment of the pipeline and our environment. the secretary of state has ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120118:20:25:00

Recommended the application be denied after reviewing the state department s report, i agree, writes the president. and he says this announcement is not a judgment on the merits of the pipeline but the arbitrary nature of the deadline that prevented the state department from gathering the information to approve the project and protect the american people. i am disappointed republicans force this decision but it does not stop my commitment from american made energy, and he says under my administration, domestic oil and natural gas production is up, while imports of foreign oil are down, if the months ahead we will continue to look for new ways to partner with the oil and gas industry to officer our energy and security including looking for new ways to partner, including the potential have the manufacture a pipeline from oklahoma to the gulf of mexico as we set higher standards for cars and trucks and invest in biofuels and ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120118:20:17:00

Them a lot more accountable. we want to point out in this graphic, you mention the ship is kind of slipping down, it is on an underwater cliff, precariously perch and could go from 45 to 100 and it could happen on bad wet or a high tide. shepard: thank you, trace. breaking news now on fox news from washington, dc. republican leaders are to hold a news conference open the controversial keystone pipeline after industry sources tell fox that the state department is going to reject the project later today. you may remember this pipeline was a major sticking point in last year s tax cut negotiations. the pipeline would run from canada through several states and down to texas, and critics say the government needs more time to study the pipeline s effect on the environment. but supporters including many republicans, say it would create thousands of jobs and now republican leaders are piling on ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120118:20:23:00

I went to the canadian embassy weeks ago, met with officials there, and they said they want to do business here in the united states but if they can t do business here they have to take the oil sands to have them refined. they said they would do that in china. now, this decision impacts not only the country but, specifically, my district, second congressional district in arkansas. we have a company that makes the pipe for the keystone pipeline and they laid off some workers right after the president said this decision would be after the next election. the folks were hoping for the opposite decision today approving the pipeline. i spoke with them a little bit ago and they said their concerns are, number one, that now they have all this pipe, hundreds of ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120118:20:26:00

Natural gas if a way that benefits american workers and businesses without risking the health and safety of the american people and the environment. with that said we turn back to james, the republicans have said what the republican called arbitrary deadline has been set by the republicans, and the president says he wanted to wait and republicans point out he wanted to wait until after the election was over. help us, james. reporter: the core issue is that the obama administration wanted to give some more time so that the pipeline could potentially be rerouted so it would not affect a particular aquifer letted in nebraska and the legislation did not make reference to nebraska but would force the president to make a yes-or-no decision on the pipeline by february 21st. nebraska would have had unlimited time to study alternate routes. right now this is going to be an issue on the campaign trail and we have heard response from a number of the republican ....

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