Tag Archives: Keystone XL pipeline

Keystone decision makes sense

Keystone-Pipeline

Politicians’ positions can “evolve,” yes?

That means bloggers can change their mind, too, I reckon.

So it has happened with the Keystone XL pipeline. I once blogged in support of the notion of running the pipeline from Canada, through the heart of the Great Plains to the Texas coast.

The price of gasoline was skyrocketing. We needed some way to put more fossil fuel into the international market, I said back then.

What has happened? Jobs came back. Oil prices fell sharply. So did the price of gasoline.

The need for the pipeline? Well, it’s no longer compelling.

President Obama said “no” to the pipeline this week. The fallout has been reduced significantly because of economic and environmental factors that have turned in our nation’s favor.

I now believe the president’s rejection of Keystone makes sense.

The president nixed Keystone because it wouldn’t help the U.S. consumer market, given that the oil would be refined here and then shipped offshore to … wherever.

Plus, there is that environmental concern about possible spillage and leaks from a pipeline that would coarse through nearly 2,000 miles of U.S. territory. Those things do happen, you know. The damage is significant.

Oh, and the jobs it would create? They now appear to have been minimized because private-sector job creation has been heating up nicely over the course of the past half-dozen years.

So, good bye to Keystone.

Sure, our Canadian friends are unhappy. So are some refiners on the Texas Gulf Coast.

The rest of us? Well, I think we’ll be all right without building the Keystone XL.

 

Keystone veto will stick, for now

President Obama has vetoed the Keystone XL pipeline.

However, his reason seems a bit nit-picky.

The White House said Obama doesn’t necessarily oppose the pipeline, but he opposes the process that delivered the bill to his desk.

http://www.msn.com/en-us/money/markets/obama-vetoes-republican-attempt-to-force-keystone-approval/ar-BBhVCrd

The pipeline is supposed to ship oil produced from Canadian tar sands through the middle of the United States, ending up in ports along the Texas Gulf Coast. It then will be shipped overseas. Proponents of the bill say it will create jobs and will help ensure that the world’s supply of oil remains high, thus helping ensue cheaper prices for the oil around the world.

Although I do support the pipeline, the president’s veto makes a modicum of sense.

He thinks an environmental study process should have been allowed to run its course. Congress short-circuited that process — which includes a complete review by the State Department.

“Through this bill, the United States Congress attempts to circumvent longstanding and proven processes for determining whether or not building and operating a cross-border pipeline serves the national interest,” the veto message said.

As Bloomberg News reported: “White House press secretary Josh Earnest said Obama’s rejection was strictly about the legislation and not the project. It’s ‘certainly possible’ that Obama would eventually approve the pipeline once a State Department review is completed, he said, without giving a timetable.

“’The president will keep an open mind,’ Earnest said, repeating past administration language.”

The White House said the review is part of an intricate longstanding process that’s been honored over many years. Congress’s decision to fast-track the pipeline didn’t allow a thorough review of the total impact of the project.

Perhaps the State Department can complete its review in relatively short order, deliver its findings to Capitol Hill and the White House — and then we can go through this legislative process all over again.

Let’s do it the right way.