On January 18, 2012 Obama rejected the Keystone project by delaying it. A few days earlier AAA’s national average was $3.58. We wrote: “Obama predestined America when he eliminated the drilling areas Bush had opened. The permits to explore must again become viable opportunities or oil companies will continue to move to other countries. The insanity of multi-seasonal and locational blend mandates must end. One flavor for the nation… Today we are begging.”
Krauthammer summed it up very nicely in his WP column this morning: “President Obama incessantly claims energy open-mindedness, insisting that his policy is “all of the above.” Except, of course, for drilling:
●off the Mid-Atlantic coast (as Virginia, for example, wants);
●off the Florida Gulf Coast (instead, the Castro brothers will drill near there);
●in the broader Gulf of Mexico (where drilling in 2012 is expected to drop 30 percent below pre-moratorium forecasts);
●in the Arctic National Wildlife Refuge (more than half the size of England, the drilling footprint being the size of Dulles International Airport);
●on federal lands in the Rockies (where leases are down 70 percent since Obama took office).
But the event that drove home the extent of Obama’s antipathy to nearby, abundant, available oil was his veto of the Keystone pipeline, after the most extensive environmental vetting of any pipeline in U.S. history. It gave the game away because the case for Keystone is so obvious and overwhelming. Vetoing it gratuitously prolongs our dependence on outside powers, kills thousands of shovel-ready jobs, forfeits a major strategic resource to China, damages relations with our closest ally, and sends billions of oil dollars to Hugo Chavez, Vladimir Putin and already obscenely wealthy sheiks.”
Where’s the business in green energy?