The Obama administration has managed to dither and delay
to a truly amazing degree on the still-pending approval of the Keystone XL
pipeline, the TransCanada project that was supposed to transport upwards of
800,000 barrels of heavy crude a day from Canada, as well as oil from the North
Dakota shale fields, to U.S. refineries in the Gulf Coast. Their most recent estimate kicked the relatively innocuous
project’s decision date back to early 2014, and if they make even that
arbitrary deadline, I’ll be shocked. As the Obama administration has attempted
to downplay it, the issue has only ballooned in public notic as the eco-radical
contingent looking to kill the pipeline is fighting an entirely symbolic and
misguided battle against the oil-and-gas industry — but meanwhile, the
oil-and-gas industry is busy actually being a productive player in society and
creating wealth in the economy.
Energy companies have long since tired of watching the
Obama administration pretend that they’re sincerely still debating the merits
of the project, and if the eco-radicals want to crush Keystone, then fine — let
them have their completely hollow victory. The WSJ reports that U.S. oil refiners are increasingly
doubting that the Keystone pipeline will ever be built — and that they don’t
particularly care anymore. Full steam ahead, boys….To Read More…..
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