The decision by the Obama administration to delay any action on the XL Keystone pipeline until after the election is a fitting development for an administration that has pursued a bankrupt energy policy, a bankrupt jobs policy and is quite literally bankrupting the country with politics thinly veiled as policy.
And the beauty for Obama in this latest axe he's taken to jobs in the USA is that he doesn't even have consider Congress while he's swinging it. He can kill close to a half-a-million jobs all on his own.
“The State Department said Thursday it would take up to 18 months to review alternative routes for the Keystone expansion,” reports MarketWatch, “so it avoids carrying heavy Canadian crude past Nebraska's environmentally sensitive Sand Hills region and a major regional aquifer.”
The pipeline could ultimately supply about a million barrels of Canadian oil to the US per day and 400,000 US jobs, most of them almost immediately. But instead, the president, who has been railing against Congress for not passing another expensive jobs bill just killed 400,000 American jobs, while making sure the price of gas stays high for citizens.
And despite everything the Obama administration has done to slow down domestic development of oil and gas resources, the oil and gas sector is one of the fastest growing jobs markets in a very anemic job market. While other sectors are shedding jobs, oil and gas is hot.
“The six fastest-growing jobs for 2010-11,” according to Economic Modeling Specialists Inc’s (EMSI) latest quarterly employment data, “are related to oil and gas extraction. This includes service unit operators, derrick operators, rotary drill operators, and roustabouts. Each is expected to grow anywhere from 9% to 11% through this year, in an otherwise mostly stagnant economy.”
Imagine what would happen if we could get Obama to cooperate with creating jobs just a little bit.
The State Department had already issued an approval for the XL Keystone project back in August and it was just waiting on Obama’s desk for action.
Obama could have approved the pipeline easily on economic grounds- the project will create 20,000 construction jobs, plus another 350,000 ancillary jobs- but he’s being bullied by his friends on the left to stop the project in its tracks. The green meanies want him to put their anti-growth, anti-development, anti-job, misanthropic agenda above the welfare and prosperity of US citizens…again.
And he’s complied with them now temporarily, likely with the message that if they get him reelected, he’ll kill the project permanently.
Environmental whackos have been getting arrested by appointment at the White House for the last two months hoping to put pressure on Obama to scuttle the most significant development in energy for our country in the last 50 years.
If successful, the Keystone pipeline will not only significantly reduce US imports of oil from place like the Middle East and Latin America, but it will also help open up huge new oil resources in the United States by providing the confidence to develop oil reserves in the Rocky Mountain region.
While it’s estimated that Canada may have as much as 2 trillion barrels of oil in reserves, “the U.S. Geological Survey estimates the [US] has 4.3 trillion barrels of in-place oil shale resources centered in Colorado, Utah and Wyoming, said Helen Hankins, Colorado director for the U.S. Bureau of Land Management” according to the Associated Press.
4.3 trillion barrels is 16 times the reserves of Saudi Arabia or enough oil to supply the US for 600 years.
But the newest delay has noting to do with aquifers in Nebraska; rather it has to do with activists on the left who want no fossil energy development under any circumstances. Obama thinks that if he alienates these activists, that he can forget about reelection. He’s already alienated the right and center. The only place he has to go is to the left.
The left doesn’t care about jobs. They only care about their agenda.
"The road to viability for the oil shale industry is reliant on a predictable regulatory structure and an environment in which companies can invest in research and development and create jobs," said Congressman Scott Tipton (R-CO), who has accused Obama of delaying the commercial extraction of shale oil by adding regulatory obstacles.
"The proper implementation of our environmental and safety regulations already on the books is a far better strategy than adding additional layers of bureaucracy to the process," said Tipton who held hearings on the subject in Colorado in the summer.
Earlier this summer the high priest of climate change, Nobel Prize winner, Al Gore blasted Obama for being timid on environmental matters, perhaps because he sensed a sell-out coming.
It will be a tough sell to the American people struggling under massive unemployment that the 400,000 jobs that could have been created by Keystone aren’t more important than the worries of environmentalists who think that a grouse has more value than a baby.
After all, the oil shipped through Keystone will replace oil that is being purchased from countries that don’t like us very much. And the project will add good paying, US jobs.
And this latest delay will undercut Obama’s demand that Congress pass his jobs bill “immediately,” a demand that started before the bill had even been written.
“The question, then, is, will Congress do something?" the president said at a press conference when he announced his jobs bull, but before he presented it to Congress.
"If Congress does something, then I can't run against a do-nothing Congress. If Congress does nothing, then it's not a matter of me running against them. I think the American people will run them out of town, because they are frustrated."
Obama still doesn’t understand the half of it.
It will be US Against Him until he’s out of office.
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