Obama Votes “Present” - Canada Will Sell Oil To Asia

Obama Votes “Present” - Canada Will Sell Oil To Asia

“The heavily contested project became a political trap for Obama, who risked angering environmental supporters — and losing re-election contributions from some liberal donors — if he approved it.”

By Dell Hill

For a President who continuously runs his mouth about Republicans obstruction of jobs legislation, he certainly does a magnificent job of killing jobs by the hundreds of thousands all by himself!

The latest very significant move by President Barack Obama was his politically motivated decision to “wait” until “next year” before making a decision on a project that was expected to put ONE MILLION
Americans back to work in high-paying jobs.

The Keystone Pipeline project was expected to create up to 1,000,000 high-paying US jobs in the oil manufacturing and associated industries. The project itself would create 20,000 construction jobs.

“Canada has stepped up its lobbying after the Obama administration delayed a decision on an oil pipeline critical to the country's economic future.

Canada's prime minister said he made it clear in a weekend meeting with U.S. President Barack Obama that Canada will step up its efforts to sell oil to Asia since the Obama administration delayed a decision on the proposed Keystone XL pipeline.

Meanwhile, Alberta Premier Alison Redford, the leader of the Canadian province that has the world's third-largest reserves of oil, visited Washington on Monday and said she'll meet with U.S. Speaker of the House John Boehner and other officials to discuss the pipeline's future.
Last week, the U.S. State Department ordered that the pipeline be rerouted and subject to further environmental review, delaying a decision until 2013.

Canadian Prime Minister Stephen Harper, who met Obama on the sidelines of the APEC summit, said Canada will continue to push the U.S. to approve TransCanada's $7 billion Keystone XL project to the U.S. Gulf Coast.

The pipeline is critical to Canada which must have pipelines in place to export its growing oil sands production from northern Alberta, which has more than 170 billion barrels of proven reserves. Daily production of 1.5 million barrels from the oil sands is expected to increase to 3.7 million in 2025. Only Saudi Arabia and Venezuela have more reserves.

Harper said Obama told him the U.S. is continuing to examine the Keystone XL decision and that his government has not taken a final decision. The State Department wants the pipeline to avoid environmentally sensitive areas of Nebraska.

"This highlights why Canada must increase its efforts to ensure it can supply its energy outside the U.S. and into Asia in particular," Harper said. "Canada will step up its efforts in that regard and I communicated that clearly to the president."

Prime Minister Stephen Harper says Canada will continue to push the U.S. to approve the $7-billion Keystone XL project.

TransCanada wants to build the pipeline to carry crude oil extracted from the oil sands in Alberta to the refinery hubs in Texas. The pipeline would carry an estimated 700,000 barrels of oil a day, doubling the capacity of an existing pipeline from Canada.

TransCanada and its supporters have said the project would create U.S. construction jobs, help lower gas prices and reduce dependence on Middle East oil. Opponents say it would bring "dirty oil" that requires huge amounts of energy to extract and could cause an ecological disaster in case of a spill.

The heavily contested project became a political trap for Obama, who risked angering environmental supporters — and losing re-election contributions from some liberal donors — if he approved it. The State Department had previously said it would have a decision by the end of the year.”

Those Damned Republicans!