With all the talk about reducing our dependence on middle eastern oil, Obama made a decision that will without a doubt increase American fuel prices and dependence on our enemies’ oil. President Obama refused to allow our Canadian neighbors to build an oil pipeline through the American breadbasket to Texas where the oil could be refined and then distributed across the nation. The Keystone XL project, as it was dubbed, was expected to create 20,000 new jobs.
I can only conjure up two reasons that could have led to such a vexing decision. First and most likely, a big chunk of his liberal base is devised of environmentalists who protested in front of the White House on November 6th. One of those protesting to stop the pipeline was Julia Louis-Dreyfus, better known as Elaine from Seinfeld.
Obama has delayed a decision until after the 2012 election (I’m sure that’s a coincidence just like raising the debt ceiling to last until after the election). Canada has already said they won’t wait a year to start building the pipeline, as sitting on the oil would be a poor decision for their country (irrespective of their election cycle), and they’ll build the pipeline westward and sell it to China, if we won’t take it. Delaying (in effect rejecting) the pipeline may help him get re-elected.
The only other reason I can imagine Obama rejected the pipeline is that he wants to push our economy to invest in “green” energy. He’s already invested taxpayer money into plenty of “green” companies that operate in the red. High fuel prices would increase the incentive to invest in green energy, and make those companies more worthwhile.
Here’s more on the story. I just don’t understand this one. Can someone help me understand this?
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