Keystone Pipeline: A Nuclear Ripple Effect
By Blue Phoenix - Thu Nov 17 17:01:00 CST 2011 CT
Related Keywords: Energy, Market Fundamentals
A Nuclear Ripple Effect

President Obama, the Keystone Pipeline, and Thou

So here we go again. The US is facing yet another major challenge relating to its energy future. Rather than face that challenge head on, it is kicking the proverbial can down the road to appease environmentalists. By delaying the TransCanada Keystone oil sands pipeline expansion for the next administration to deal with and not advancing drilling projects along the East and West Coast, President Obama is only fueling the dependence on foreign sources of oil for this country. Sure, Obama is cautiously offering more areas for offshore drilling in Alaska but last we checked Shell Oil won leases to drill off the northwest Alaskan shore in 2008 and has yet to produce a drop of oil since they have faced massive environmental opposition and an air pollution permit delay that is mindboggling.