Yup! Running the car out of the ditch but into that renewable tree is going to do LOVELY things for Obama’s economy. Our economy runs on oil, and only God knows why Obama thinks that the Keystone oil pipeline from Canada is not in “the nation’s interest”. His, maybe. Environmentalists, maybe. And Warren Buffet’s? Certainly seems to be (from Instapundit):
MORE OF THIS ADMINISTRATION’S LOUSY ENERGY POLICY: North Dakota Stuck Using More-Costly Railroads to Move Oil. “Right now, about 25% of North Dakota’s oil travels by rail. According to the CBS News report that ‘will increase exponentially with increased oil production and the shortage of pipelines.’”
UPDATE: Reader Jack Lillywhite emails:
And who has a big stake in Burlington Northern? A guy in Omaha named Buffett.
And by having TransCanada tie its Keystone XI to the border crossing approval you can’t get a segmented line from Montana to Port Arthur, TX that the Bakken field could tie into. That is the concept. A collector system named the BakkenLink runs down to Montana from ND and ties into Keystone XI (known as MarketLink). A twofer you might say.
So, in a way it is a Win-Win for Obama – He wins his Green base and his Crony Capitalism base. Pretty clever, eh?
They win, we lose. As usual.
Crony Capitalism.