Thursday, November 10, 2011

President "PRESENT" Panders to the Environuts

President Obama, having already delayed his decision for months, is voting “Present” again on national security. Energy security that is.

The Keystone XL pipeline is in danger of being canceled. The company has deadlines and contracts to fulfill. President Obama is pandering to the environmentalists that want this delayed or canceled under the mistaken idea that they are helping the earth by doing so. If the pipeline does not come south to provide the US with oil, the Canadians will just route it westward and sell the oil to China, while we will have to have oil shipped in from overseas, a greater danger of pollution.

All this only to be able to get votes. And then, he will approve it. IF its still available.

Excerpt: An increasingly peeved Canada may not wait for the U.S. to remain its best customer, a promise Obama made Brazil as it pursued offshore drilling we were curtailing. “What will happen if there wasn’t approval — and we think there will be — is that we’ll simply have to intensify our efforts to sell the oil elsewhere,” Joe Oliver, Canada’s natural resource minister, told Reuters .

That elsewhere is China. As we’ve noted, Sinopec, a Chinese state-controlled oil company, has a stake in a $5.5 billion plan to build the Northern Gateway Pipeline from Alberta to the Pacific Coast province of British Columbia. Alberta’s finance minister met this month with Sinopec and CNOOC, China’s other big oil company, and representatives of China’s banks.

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