Filed under: Capitalism, Democrat Corruption, Economy, Election 2014, Energy, Junk Science, Politics, Progressivism | Tags: Crooked Chicago Politics, Delayed Till After The Election, The Keystone XL Pipeline
The U.S. State Department has cleared the Keystone XL Pipeline twice, so far, but now they are going to have to pass it again, after an extension of the public comment period which will, coincidentally, last until after the election. Part of the pipeline’s planned path has been changed to suit protesters. It is not a coincidence that the news of the ‘decision’ was released on the convergence of Good Friday and Passover. News that they’d rather cover up is always released late on a Friday. The cover story is that a further delay in the five-year saga of the Keystone couldn’t be avoided because of ‘unresolved legal issues’ over land seizures in Nebraska. Of course.
Let’s see what is involved:
TransCanada has provided a detailed job breakdown for the pipeline. They say it will create 13,000 union construction jobs, 7,000 jobs for Americans in manufacturing. It is estimated that there are up to 250,000 jobs over the life of the pipeline. That boom in employment would have spin-off jobs in the local economies that support each segment of the pipeline.
The Canadians are mightily annoyed. The United States imports eight to nine million barrels of oil every day. A stable, secure supply of oil from Canada makes better sense. Obama has orated about “our dependence on”foreign oil” often enough when it suits what he wants his audience to think.
Terry O’Sullivan, president of the Laborers’ International Union of North America said “Once again, the administration is making a political calculation instead of doing what is right for the country. It’s clear the administration needs to grow a set of antlers, or perhaps take a lesson from Popeye and eat some spinach.”
Pushing the Keystone XL through would send an important message to Vladimir Putin that America is willing to develop our energy. And allowing the export of liquified natural gas would put a thorn in the side of Putin’s ability to blackmail Europe because of their need for natural gas. But we don’t actually want to annoy Mr. Putin, do we?
On the other side you have:
Leftist billionaire Tom Steyer has promised to spend $50 million of his own money and raise another $50 million for the Democrats in this election if they support the cause of global warming. He really “hates” the Keystone XL pipeline. Steyer has made much of his money at Farallon Capital by investing in fossil fuel producers.
Steyer now claims that stopping Keystone will somehow prevent Canada’s oil sands from being developed. That’s hogwash. The oil is now being carried by rail. In 2008, there were less than 10,000 carloads of crude oil moved by rail. Last year it was more than 400,000 carloads. Rail transportation is far less safe than a pipeline, and the network of pipelines across the country is already extensive, and safe.
Steyer will profit from any delay of the Keystone because he is, or was until recently, a major investor in Kinder Morgan which is building a competitor to the Keystone pipeline. He is, today, a bitter opponent of fossil fuels, especially coal. Banning coal-fired power plants will boost the value of his solar projects. He owes his fortune in large part to the fact that he has been one of the world’s largest financiers of coal projects in Australia and Asia. He has led recent campaigns with climate nut Bill McKibben to encourage university endowments to divest coal equities. John Hinderaker at Powerline has assembled a remarkable list of Steyer interests. The Hypocrisy is breathtaking.
The most notable takeaway is that, for Barack Obama political money for the upcoming election trumps jobs for unemployed American construction workers, unemployed American manufacturing workers, and for the taxpayer money going to import all that “foreign oil. Everything, for Barack Obama, is about politics. All that talk about jobs, jobs, jobs is just talk.