Obama’s Keystone Decision: Screw The Middle Class
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Even though this decision comes with a caveat about redesigning the path of the pipeline, this is still a decision that is bad for the middle class. Kind of like President Obama’s decision to side with the EPA against working class families. From Reuters:
The Obama administration was poised on Wednesday to reject the Keystone crude oil pipeline, according to sources, a decision that would be welcomed by environmental groups but inflame the domestic energy industry.
The administration could make its announcement on TransCanada’s Keystone XL pipeline late on Wednesday or on Thursday, a source familiar with the matter told Reuters. TransCanada Corp. shares slid more than 3 percent after the news.
“We’re expecting the pipeline to be rejected,” the source said.
TransCanada’s planned 1,700-mile pipeline has become a potent symbol in the battle over of the future of U.S. energy policy.
With environmental groups concerned about carbon emissions from oil sands production, the administration in November delayed a decision on a presidential permit for the project until 2013.
But lawmakers that support the project were able to attach a measure to a tax-cut law passed at the end of last year that set a February deadline for a decision on whether the project is in the national interest.
The pipeline has placed the Obama administration in the middle of a dispute between two key parts of its voting block: green groups who oppose the pipeline over concerns about climate change and some unions who back the project because of the jobs they believe it would create.
The administration has said it needs more time to consider alternative routes for the pipeline, which originally was planned to traverse sensitive habitats and a crucial water source in Nebraska.
Can you say “punt”?
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2 Responses and Counting...
I think you're missing some information. First, it would only create about 6,000 jobs for 2 years. Second, Canada doesn't use all of its pipeline capacity to the US now. And this pipeline wouldn't increase our domestic supply anyway.
If this goes through, it will divert oil which is now being piped to the midwest, refined here, and supplied here the US market — and it send that oil to tax free refining and export zones, where it will be refined and shipped out of the country Probably a lot to China, given the high degree of Chinese investment in the company.
IOW, we take all the spill and pollution risks, the Canadian company makes a bundle, and foreign countries get the oil. For some temporary work for a few thousand people.
The middle class AND the working class get screwed two ways if this goes through.
I think you are missing some information. The lowest estimate I've seen on jobs is 20,000. Besides that, isn't a temporary job the whole Democrat plan with stimulus money that goes away? From what I know here in California, most refineries sell their gas locally after it has been processed, I suspect the same will be done in Texas. No, if you were really for the middle class, you would support this.
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