• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 12 minutes OPEC Cuts Deep to Save Cartel
  • 15 minutes Venezuela continues to sink in misery
  • 4 hours End of EV Subsidies?
  • 4 hours Maersk's COO statment.
  • 10 hours Citi cuts Apple's price target
  • 10 hours Asian stocks down
  • 6 hours Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 4 hours GOODBYE FOREIGN OIL DEPENDENCE!!
  • 8 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 15 hours China Builds LNG Icebreaker
  • 6 hours Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
  • 2 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 5 mins Price Decline in Chinese Solar Panels
  • 7 hours Regular Gas dropped to $2.21 per gallon today
OPEC+ Deal To Be Forged In March

OPEC+ Deal To Be Forged In March

OPEC and its Non-OPEC partners…

Obama Once Again Delays Keystone XL Decision

In an ever increasing show of cowardice President Barack Obama has once again avoided making any decision about the fate of the Keystone XL pipeline, instead deciding to delay his verdict until later in the year.

Obama has always promoted himself as a strong supporter of action against climate change and therefore this decision is seen as a ley test as to his real commitment to the environment; however, he is stalling through fear of angering the powerful supporters of the project, now claiming that climate change is in fact just one of a host of priorities that he had promised to address during his second term.

350.org, the leading voice in opposition of project, quite rightly notes that “approving Keystone XL would make a mockery of the commitment he made at the inauguration to take action on climate change.”

Related Article: How will Energy Consumption be Limited as Supplies Decrease?

As he has constantly pushed the decision date back Obama has found himself with fewer and fewer supporters to hide behind. He initially called a halt to the project last year, claiming the reason to be the opposition from Nebraska and its governor Dave Heineman. But just recently governor Heineman has approved the route, stating that the “construction and operation of the proposed Keystone XL pipeline would have minimal environmental impacts in Nebraska.”

The Whitehouse now stands one its own with complete power over the fate of the project which has come to symbolise the clash between saving the environment and economic development.

Republicans are clamouring for the approval of the pipeline, correctly stating that “there is no bureaucratic excuse, hurdle or catch President Obama can use to delay this project any further. He and he alone stands in the way of tens of thousands of new jobs and energy security.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
-->