The decision by the Obama administration to delay any action on the XL Keystone pipeline until after the election is a fitting development for an administration that has pursued a bankrupt energy policy, a bankrupt jobs policy and is quite literally bankrupting the country with politics thinly veiled as policy.
And the beauty for Obama in this latest axe he's taken to jobs in the USA is that he doesn't even have consider Congress while he's swinging it. He can kill close to a half-a-million jobs all on his own.
“The State Department said Thursday it would take up to 18 months to review alternative routes for the Keystone expansion,” reports MarketWatch, “so it avoids carrying heavy Canadian crude past Nebraska's environmentally sensitive Sand Hills region and a major regional aquifer.”
The pipeline could ultimately supply about a million barrels of Canadian oil to the US per day and 400,000 US jobs, most of them almost immediately. But instead, the president, who has been railing against Congress for not passing another expensive jobs bill just killed 400,000 American jobs, while making sure the price of gas stays high for citizens.
And despite everything the Obama administration has done to slow down domestic development of oil and gas resources, the oil and gas sector is one of the fastest growing jobs markets in a very anemic job market. While other sectors are shedding jobs, oil and gas is hot....
then don't expect oil prices to drop anytime soon, it's the high cost of crude that makes the oil sands viable
They are obviously talking about a multiplier effect of sorts.
I'm curious how that pipeline will create 400,000 jobs.
I suspect the concept includes a hefty dose of wishful thinking.
If you can honestly delude yourself, it isn't lying.