President Obama’s press spokesman said today the president is set to veto a bill authorizing the construction of the Keystone XL Pipeline from Alberta to the Texas Gulf Coast.

I’ve waffled and wavered a bit on this, but I remain (more or less) convinced that the pipeline is a positive thing to do.

Thus, the president’s veto pen should go back into the drawer. But it won’t.

It’s going to mark the first big confrontation between the Democratic president and the Republican-led Congress that just took its seat on Capitol Hill. Republicans control both legislative houses, but they don’t have enough votes to override and Obama veto.

So, what’s the problem with the pipeline?

Foes say it’s environmentally hazardous; they say the oil won’t benefit North American consumers; they’re dubious about the number of jobs it will produce.

White House press secretary Josh Earnest said the president doesn’t want Congress to “circumvent” the studies that’s ongoing regarding the pipeline. That’s one reason for the veto.

I recall hearing from the State Department that the environmental impact of the pipeline would be minimal. Is that an invalid assessment?

As for the impact of the oil on prices that are still in free fall, I happen to believe that any production of oil that continues to flood the market and enables worldwide supply to outpace demand is ultimately good for consumers — such as me and you.

So what if it won’t end up in North American gasoline tanks? It’s going to add billions of gallons of fuel to the world market. Is that not a net plus for consumers?

Let’s watch this confrontation unfold. It’s going to be the first of many nasty fights set to ensue between the White House and the 114th Congress.