Delaying Keystone Makes Little Sense
December 30, 2014
For six years, President Obama has delayed approving the Keystone pipeline, which would carry oil from Alberta, Canada, to the Gulf Coast. The delay, writes Fred Barnes, editor of the Weekly Standard, has continued, despite evidence that it would do little to harm the environment.
Barnes explains that approval of the Keystone pipeline will have no bearing on whether Canadian oil is transported and refined; if the United States refuses to approve the pipeline, Canada will extract and ship the oil elsewhere -- it will not stay in the ground. But despite a report from the U.S. State Department confirming that the pipeline would not hurt the environment, the president has continued to delay approving the pipeline:
- President Obama says the project would do little for job creation, despite State Department estimates that Keystone would create 42,000 jobs and inject $3.5 billion into the American economy.
- He has said the pipeline would have no impact on American gas prices, but Barnes notes that oil markets are global, and any increase in supply can push prices downward.
Barnes cites a recent USA Today poll finding that just 25 percent of Americans oppose the pipeline, while 60 percent are in favor.
Source: Fred Barnes, "The Pipeline and the Damage Done," Weekly Standard, January 5, 2015.
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