Who needs a pipeline when we have a pending “crackdown” on speculators?

Via E2 Wire:

The White House on Tuesday threatened to veto House legislation to extend transportation programs because it contains GOP language that mandates approval of the Keystone XL oil sands pipeline.

The House is slated to vote Wednesday on the bill that keeps the transportation programs funded through September, the end of the fiscal year.

It would take permitting of the proposed Alberta-to-Texas pipeline away from the State Department and task the Federal Energy Regulatory Commission with approving the project.

“Because this bill circumvents a longstanding and proven process for determining whether cross-border pipelines are in the national interest by mandating the permitting of the Keystone XL pipeline before a new route has been submitted and assessed, the president’s senior advisers would recommend that he veto this legislation,” the White House said in a formal “statement of administration policy” Tuesday afternoon.