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4/24/2012 3:50:00 PM
Former U.S. Secretary of State Rice champions Keystone XL development
A. Lee Graham

Exploring multiple energy sources while developing the Keystone XL oil pipeline is essential to maximizing the nation’s energy potential, according to former U.S. Secretary of State Condoleezza Rice.

Speaking April 24 at Hart Energy’s 7th annual DUG (Developing Unconventionals) Conference and Exhibition, Rice beat the drum for lessening the country’s dependence on foreign oil. She also did not equivocate when asked about extending the Keystone XL pipeline.

“There is absolutely no reason not to do it,” Rice said. “There is no environmental issue. We should do it.”

Environmentalists have opposed the pipeline, which some would like to see extended from Canada to the Gulf of Mexico. Last month, President Barack Obama voiced his support for constructing the southern leg of the pipeline.

Exploring other energy options also should be pursued, Rice argued at a packed luncheon at the Fort Worth Convention Center.

“For a long time, we are going to be dependent on hydrocarbons and on petroleum-based products, and we need to do everything we can to develop clean resources.”

While citing a need for regulation – “We all want to be environmentally sensitive,” Rice said – she also expressed frustration at possible overregulation.

“It seems at every corner, we’re being check-mated just as we’re about to break through.”

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