Financing Specialist Alec Sohmer Comments on Rejection of Keystone XL Oil Pipeline

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In response to an article published by Fox News, which details the President’s rejection of an oil pipeline that could help the economy, Alec Sohmer, a leading financing specialist, discusses how heavy rail could be a way to save our economy.

On August 27, Alec Sohmer, a financing specialist, responds to an article published by Fox News, which discusses President Obama’s recent rejection of Keystone XL and expresses how heavy rail could be another solution to the faltering economy.

According to the article published by Fox News on August 9 titled “Obama’s Keystone XL Rejection Could Aid Venezuelan Oil, Report Says,” the U.S. is unintentionally aiding Venezuela, an oil opponent, by rejecting the creation of a new pipeline from Canada.

As of right now, Venezuela is the largest supplier of oil to the gulf coast. With the rejection of the new pipeline, the article says new heavy oil will not be able to reach the Gulf States. Instead, Venezuela will gain an even bigger advantage and reign supreme in the oil industry.

The article also says the rejection could have a negative impact on jobs. However, Obama has reassured the public, noting that the amount of jobs that would have been created for the job would be a “blip” compared with the overall economy.

Alec Sohmer, a financing specialist, says the pipeline was needed to create jobs and help the economy. However, there are other ways to spark the economy, such as implementing more “heavy rail” projects.

“With no immediate plans for the pipeline, heavy rail is a strategic solution,” Sohmer says. “Heavy rail could also help revitalize our infrastructure. Infrastructure investments of this type helped build our country's economy in the past and could be a solution to our sagging economic output, for our long and short-term goals.”

Sohmer says investing in more heavy rail projects could also reshape our mass transit system. “I think there is a definite need to transform our country’s mass transit systems,” he says. “Commuter trains are really lacking and I think this is an opportunity to boost our economy, while helping frequent travelers and commuters.”

Alec Sohmer is a strategic business leader with 20 years of Board-level experience. He has served in many interim management positions for businesses requiring significant turnaround or restructuring. He is able to increase revenue streams by utilizing a variety of line management techniques. In his two decades of experience, he has dramatically increased revenues of businesses by identifying untapped markets.

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Scott Darrohn
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since: 08/2013
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