[WashingtonExaminer] On his first day in office, President Biden canceled permits for the Keystone XL pipeline. Environmentalists and anti-fossil fuel activists should not have applauded his move.
After all, Canada will not stop extracting oil from the tar sands of northern Alberta. Instead, it will simply export oil over existing pipelines or to the Pacific Ocean, where the damage from a potential spill would be harder to address.
Biden’s cancellation cost jobs and pushes Canada toward greater economic cooperation with China. It also shakes confidence in U.S. business. Who would invest in the country if any future administration can simply renege on deals with the stroke of a pen?
The government has apparently brokered a meeting between the Turkmenistan government and the Taliban for a trans-Afghanistan pipeline to bring Turkmen gas across Afghanistan and Pakistan to India. If this scheme sounds familiar, it should: It was the same deal that now-Special Envoy Zalmay Khalilzad sought to make with the Taliban in the years before the Sept. 11 terror attacks when he was a consultant for the Unocal Corporation.
HT: weaselzippers.us |