To China’s benefit
Your Jan. 21 editorial “In the Pipeline? Obama Has It Both Ways on a Controversial Plan” was thought-provoking: China will, indeed, be the big winner as President Barack Obama fritters away a sweet opportunity to back the Keystone XL Pipeline.
The consequence of Mr. Obama’s decision, besides destroying thousands of could-be jobs, is that Canada will ship that oil to China. In the interim, we’re importing oil from countries that are hostile toward us. In so doing, we’re funding that aggression however those governments choose to convey it.
Mr. Obama’s rejection of Keystone won’t halt development of the tar sands in Canada; the Canadian government has already committed to it. It won’t even necessarily halt construction of a pipeline; it will just be a pipeline to the Pacific for export via tanker to Asia, creating environmental impact in the form of additional emissions and the risk of oil spills.
As Mr. Obama dashes away from a much-needed economic boost, China steps into riches as sweet as oil. How did this event get so wide of the mark?
Original Post: http://www.post-gazette.com/pg/12044/1209815-110.stm
President & CEO
Breitling Oil and Gas Corp.