As we have noted before, when the president says “it bypasses the United States,” he leaves out a very important step. The crude oil would travel to the Gulf Coast, where it would be refined into products such as motor gasoline and diesel fuel (known as a distillate fuel in the trade). Current trends suggest that only about half of that refined product would be exported, and it could easily be lower. (snip)

Finally, note that Obama said Keystone was just for Canadian oil, and “we should be focusing on American infrastructure for American jobs and American producers.” But actually, Keystone would help U.S. oil producers in North Dakota and Montana. TransCanada, the builder of the pipeline, has signed contracts to move 65,000 barrels a day from the Bakken area –and hopes to build that to 100,000. That’s nearly 10 percent of the region’s production. (snip)

The president’s latest remarks pushes this assertion into the Four Pinocchios column. If he disagrees with the State Department’s findings, he should begin to make the case why it is wrong, rather than assert the opposite, without any factual basis. Moreover, by telling North Dakota listeners that the pipeline has no benefit for Americans, he is again being misleading, given that producers in the region have signed contracts to transport some of their production through the pipeline.