Friday, November 18, 2011

Inexcusable (or "Obama's plan is to simply say ‘no’ to new energy production.")

That is the only way to describe Obama's decision to delay a decision on the Keystone XL pipeline from Canada until after the 2012 elections:
[T]he talk between Mr. Obama and Ms. Clinton put the pipeline plan in the ditch. About an hour before the State Department issued a press release Thursday afternoon, Ms. Clinton called John Baird, Canada’s minister of foreign affairs, and broke the news.
The State Department, which has already spent 39 months reviewing the $7-billion project, concluded it will wait until the beginning of 2013 to render a decision on Keystone XL. First, it wants TransCanada to come up with an alternate route through Nebraska.
The decision left Canada’s oil industry, which had viewed Keystone XL’s approval as a slam-dunk, alternately gasping and fuming. Keystone XL was a major element of Canada’s energy growth ambitions. The pipeline derailment raises questions about Canada’s trade relationship with the U.S., the world’s largest energy consumer. The timing of the decision also stung, coming just before an APEC meeting in Hawaii where Mr. Obama is scheduled to sit down with Prime Minister Stephen Harper.
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