Saturday, December 17, 2011

20,000 Private Construction Jobs and Obama says "No"?, "Maybe"?, "Yes"?

Recently President Obama decided he was going to delay his decision to approve the XL Pipeline until after the election in 2012 much to the surprise to all the parties involved. His reasoning was the project needed additional environmental studies to determine the viability and safety of the project. After almost 3 ½ years of exhaustive review, review and more review he was still not sure if it was safe enough to build.  Let’s also note that the extensive approval process for a project of this magnitude has never happened before.

The regulatory hurdle that has blocked the approval of this much needed pipeline will not stop Canada from building the pipeline.  It would be na├»ve to think that Trans-Canada is sitting on their hands waiting for a decision from Obama.  They will continue with their plans to produce upwards to a million barrels of much needed oil from the Tar Sands Pipeline and instead of the United States being the beneficiary the oil will probably go to oil starved China.  The proposed pipeline would run from Alberta, Canada to Texas and pass through six states.

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