1. The route was approved after extensive studies.
2. The jobs produced would start at 20,000 and go to 500,000, for the Americans.
3. It allows us to become less dependent on oil from hostile source.
4. The stand of environmentalists objecting, President Obama put the decision on whether to approve the pipeline to 2013 - after the election.
5. Speeding up approval/permit processes is what any country must do if it is to achieve prosperity - and this is another negative indicator on Obama.
If he is indeed doing this for political purposes this does border on being treasonous.
Follow this story and see what is more likely to be the case. More data below.
The Rational NonPolitician
READY FOR APPROVAL
For months, the conventional wisdom had been that a presidential permit for Keystone XL was inevitable; Secretary of State Hillary Clinton said in October 2010 that she was “inclined” to approve it because it was better to get oil from Canada than from less-friendly nations. The State Department then said in August stating that TransCanada’s proposed route is the preferred option.
The department had already examined routes further west and northeast of Nebraska that would have avoided the Sand Hills area and had released a final supplemental environmental review in August that said TransCanada’s proposed route was the preferred option and would have minimal effect on the environment.
“This project is too important to the U.S. economy, the Canadian economy and the national interest of the United States for it not to proceed,” Girling said a statement.
POLITICAL $ FOR OBAMA
The delay would "effectively kill" the project, said Sierra Club Executive Director Michael Brune. "The carrying costs are too high, and there's no certainty that at the end of 18 months the pipeline would be approved at all."
Russ Girling, chief executive officer of Calgary-based TransCanada, who had said rerouting delays might kill the project, said yesterday the company remains “confident Keystone XL will ultimately be approved.”
Canada’s ambassador in Washington, Gary Doer, told reporters in Ottawa that he expected the project to be approved if judged on “merit,” rather than ”noise.”
The deferral on Keystone XL is a blow to the government of Prime Minister Stephen Harper, who called U.S. approval of the pipeline a “no brainer.” Canadian officials underestimated the strength of resistance to the project by Nebraska farmers and environmentalists, political and foreign-policy experts said.
Canadian Finance Minister, Flaherty, 61, will travel later this week to Beijing, where he will discuss increasing energy exports to China and facilitating investment in Canadian natural-resource assets.
Japan and China 'keen' for Alberta oil