I will tell you, living in Oklahoma City, and if you come through Oklahoma at all, you'll drive around and you'll see our beautiful land, and you'll drink our beautiful water and breath our beautiful air; but you'll also realize that there…
I will tell you, living in Oklahoma City, and if you come through Oklahoma at all, you'll drive around and you'll see our beautiful land, and you'll drink our beautiful water and breath our beautiful air; but you'll also realize that there are thousands of miles of pipeline underneath your feet, because, you see, Oklahoma is the center of pipeline movement through a lot of the United States.
In fact, just north and east of my house in Oklahoma City is a small town called Cushing, Oklahoma. And if you know anything about pipeline and about oil, you know about Cushing, Oklahoma, because there's a large storage facility there for a lot of petroleum products, and it is the hub for everything that moves as far as oil and all pipelines running through the Midwest. Cushing, Oklahoma, is part of that connection for the Keystone pipeline.
When you talk to people in Oklahoma about pipelines, we're very familiar with what they are, how they move energy, and how important they are to our economy.
Let me just touch base on a couple of things, though.
While we're talking about Keystone, it's interesting to me in several ways. One is I'm 43 years old, and for my entire life, I've heard people say in politics we need to have a national energy policy. We need to be dependent on energy from our soil or from our nearest neighbors, Canada and Mexico. We need to have a North American focus of energy, and I would have to say I completely agree. But we've never had a time in our life when we are closer to that than right now.
The rising alternative of fuel options, whether it be solar and wind, and I hope all of them come to be, we're still decades away from them being able to be fully established and out there. We're very dependent on oil, gas, and coal.
But we're finding new reserves in North America of oil, gas, and coal that are solving a lot of the energy issues that we currently have right now. Many people don't know that in the last quarter of 2011, 58 percent of the oil consumed in the United States was found domestically in the United States--58 percent. You go back just 20 years ago, 60 percent of all oil was coming from overseas; now almost 60 percent of all oil is in the United States, coming from the United States.
We are making progress. Hydraulic fracking, horizontal drilling, finding new well sites, great new technology in geology, all the ways that we're finding these new sources of energy, doing it cleaner and doing it less expensive than we've ever done it before. That's a good thing for us. We are now close to providing our own energy sources.
The second-largest reserve of oil in the world is now from this area where the Keystone Pipeline originates in Canada, the second-largest oil reserve in the world. This is a key time for us now, getting better technology in the United States to be able to use our own energy to now partner up with Canada and continue drawing even more energy from Canada from this huge reserve that is there. We need to continue to draw from them in that sense.
Now you would think this would be a simple thing--focus on our own national security. Why wouldn't we continue to focus on it and say we are this close to being energy independent, and we are not dependent on energy from the Middle East. Why wouldn't we continue to take the steps on that?
In addition to that, why wouldn't we continue to expand on our pipelines? You see, this is not the first time for Keystone to do a pipeline coming from Canada to the United States--it was just a very few years ago. In fact, that Keystone that they did a few years ago took 24 months to permit. From the exact same area to the same area, 24 months for the total permitting process. That pipeline is functional and active and running right now.
They want to double up the capacity. So you would think this would be a slam dunk. Let's just add a second line there. They run through the permit process to the same system, but instead of 24 months this time, we're now at 42 months of permitting and still climbing.
Where the same pipeline crossing over the border, drawing oil from the exact same area, took 24 months a few years ago, now that pipeline takes 42 months and climbing. We're not sure how much longer it's going to take. In addition to that, Keystone is running there, that's one company.
There's also another company, Enbridge, which draws oil from that exact same area in Canada and takes it through the United States. That pipeline is also currently running and hasn't had any issues with permitting and through the process of construction that it did years ago.
You see, this is not some new oil discovery that's up there that we've never tapped into. The United States uses that oil and has used that oil for a long time. It is a reserve that is from a reliable neighbor next door in Canada that's consistent, that we're not having to deal with issues in the Strait of Hormuz and wondering about the flow of oil coming from the Middle East.
We're dealing with the United States, now 58 percent of our oil usage coming from our own home country, and we're dealing with reliable neighbors dealing with our pipelines, like Canada and Mexico. It's the right thing to do for our national security. It's the right thing to do for jobs. We're talking about immediately, private jobs. No government participation other than the permitting being finished. Private money begins to sink in the billions of dollars to be able to run almost 1,700 miles of pipeline.
We're talking pipefitters, which are based often in Oklahoma, by the way, union jobs, right-to-work areas and other job areas. You're dealing with steel manufacturers for that pipe, pipe manufactured, most of it done in Arkansas. People digging the ditches, running the tractors, driving the trucks. All of the different areas that are attached to that, thousands of jobs that begin immediately across the entire central part of the United States and many manufacturing areas.
We need to be able to open that up and let those jobs run and let's get those going on that. And then the third thing on this, not only national security and jobs, but just basic common sense. That oil will be sold somewhere. It's not a matter that we can argue and complain about it and say that Canada is not going to use their own resources. When the second-largest discovery of oil in the world is underneath your feet, they're going to sell that oil.
So just shutting it down and saying Americans aren't going to take it, we're going to let them sell it off, and they'll send it west over into Asia, and that will make things a lot better, doesn't make common sense, number one.
Number two is we should provide as much national security as we can for this. That's basic common sense with reliable neighbors.
Number three in the common sense is this basic simple thing: It's new pipeline. Now we can argue about pipeline safety, and there are areas we need to work on pipeline safety, and we in this Congress as Republicans and Democrats together have passed pipeline safety initiatives, and we should do that. This will be the newest pipeline in the country. It will have the highest standards for safety, it will have the highest level of technology and of monitoring of any pipeline in the country. It is the best possible way to do it.
The alternative is to be able to put it on trucks and trains, which have a higher incidence for accidents. This is the safest way to be able to do this. And as I mentioned before, it's not as if we're not already drawing this oil already. This just increases our capacity and increases our ability to not be dependent on Venezuela and OPEC countries for our oil.
There are pipelines from Enbridge and Keystone running from that exact same area all the way down to the gulf already. We need to continue to increase our capacity so that we are providing for our own energy long term.
I would submit to this Congress, and I would submit to the President and ask for his prompt approval, even early would be great, of approval of this to be able to move forward and say let's get this off our back, let's get the jobs going, let's continue to move forward with our national security, providing for our own energy, and let's continue to work through this process so that we don't have to deal with issues like this again.
Far be it from us, in the days to come, that manufacturers would say