The time has come for President Obama to do the right thing and authorize the Keystone XL pipeline. Though he squandered two previous opportunities to do so, which would have created thousands of jobs and increased domestic oil supply, the president has a second chance to be redeemed. He should take it.
In his first term, his administration pandered to environmental groups by denying the Canadian government’s application to build the northern half of the pipeline from Canada to Nebraska even though it already had been under review for three years. The decision was not only irresponsible, it was nonsensical.
At a time when jobs and the economy were, as they still are, in the forefront of each American’s mind, the president turned down an opportunity that would have created upward of 20,000 new jobs in the energy and manufacturing industries.
At a time when unrest in the Middle East disrupted global oil supply, the president declined a pipeline that would have prevented the United States from spending $70 million per day to purchase oil from this volatile region.
At a time when cash-strapped states were struggling through an anemic economic recovery, the president wrote off $585 million in potential state and local tax revenue the pipeline would have generated.
Read more at The Washington Times. By Charles Drevna.