President Barack Obama stopped the Keystone XL pipeline (fortunately, it’s not permanent; a better informed President can undo this damage, but that’s for another post). Obama, supported by his Democrat confreres (though, as I said, it was his decision), offered these excuses for the stoppage:
the pipeline would create few jobs
Even taking that as accurate (thousands of jobs are not “few,” though), job creation in our present economy is not a thing to be dismissed as casually as this. Further, the John Kerry State Department’s analysis that the jobs created would amount to fewer than 0.1% of “the nation’s total employment” is fatuous on its face: other than Big Government, there are vanishingly few enterprises that don’t employ fewer than 0.1% of our nation’s total employment.
would fail to lower gasoline prices
Not initially, perhaps, as the current relative slowness of gasoline prices to fall in line with falling oil prices. However, the increased supply of oil and its associated easier delivery to refineries, can only increase the supply of gasoline relative to demand, and so the pipeline would, ultimately reduce the price of gasoline. Of course there are two sources of reduced prices, only one of which is easily visible. One is an absolute drop in price at the pump. The other, though, is easily ignored by Democrats: that’s the smaller rise in price as demand continues to outrun supply, even as that latter gap shrinks from the pipeline’s influence on supply.
exacerbate[e] climate change
Umm, no. Even were man a serious player in climate warming (this was the climatista panic-mongers’ claim; they don’t get to run away from it with a name change), the pipeline’s influence can’t be seen in the noise, given the PRC’s and India’s contribution to climate warming. However, the pseudo-science of “climate warming” is being more and more debunked—not only through exposure of all the falsified data and failed models, but with actual real data contradicting pseudo-scientists’ claims. There’s nothing present for the pipeline to influence, even minisculy.
No, canceling Keystone is nothing more than a continuation of Democrats’ pushing their crony green capitalists’ welfare, a functional if not purely intentional attack on our economy.