November 15, 2011

Obama's Hollow Keystone Pipeline Victory

Margaret Wente, Globe and Mail

AP Photo

The decision to re-review the pipeline route is an amazing victory for political expediency. By ensuring that nothing will happen until after the 2012 election, Mr. Obama buys himself a reprieve with the environmentalists. But nothing else will change. The U.S. will not consume a litre less of oil if Keystone is never built. It will simply buy the oil from somewhere else. Nor will this decision threaten the long-term future of the oil (oops, tar) sands. If the U.S. doesn’t buy our oil, the Chinese will.

Read Full Article ››

TAGGED: Keystone XL pipeline, Keystone pipeline, Barack Obama, Canada, United States

RECOMMENDED ARTICLES

Sorry, but Keystone is not a silver bullet for our sluggish economy. It should be supported, yes, because its benefits — at least in its revised configuration — appear to outweigh its possible costs. But a few... more ››
People in the United States claim Mexico has benefited the most from the deal, while Canadians think the Americans are the real winners. more ››
May 11, 2012
The Coming Arms Race for Oil in the Arctic
Bob Reiss, Fortune
The race for oil in the Arctic is on. As the polar ice cap retreats, energy companies are looking north for a potentially huge new source of crude supply. In April, Exxon Mobil (XOM) and Russian oil giant Rosneft announced a... more ››
May 17, 2012
The Ugly Side of the 'Quebec Model'
National Post
If Canadians still harbour suspicions that Quebec is not in fact a “distinct society,” the ongoing student strikes in that province, and the provincial government’s reaction to them, may have put those doubts to... more ››
May 7, 2012
Why Canada Can Lead in a Changing World
Joe Clark, Ottawa Citizen
Power among nations is shifting dramatically. Goldman Sachs has projected that, by 2050, the seven largest economies in the world will include only one western nation — the United States, which will rank second in economic... more ››