Thank You Barack Obama… As Promised, Canada Is Building Pipeline to Sell Gas to China
The Keystone Pipeline project was expected to create tens of thousands of high paying jobs in the oil industry. The project itself would create 20,000 construction jobs. And the pipeline would bring oil from Canada and North Dakota to refineries in the United States.
But it was just a big pipe dream.
With gas prices at record levels…
Barack Obama rejected the pipeline earlier this year.
Now Canada is building pipelines to sell gas to China.
John Sexton at Breitbart.com reported:
In April, Canadian Prime Minister Stephen Harper revealed disheartening consequences for America’s energy policy at a think-tank event in Washington. Asked about President Obama’s decision to put off a decision on the construction of the cross-border Keystone XL pipeline, Harper explained that it would permanently alter Canadian energy policy.
What it really has highlighted for Canada is that our issue when it comes to energy and energy security is not North American self-sufficiency. Our energy [issue] is the necessity of diversifying our energy export markets. We can not be, as a country, in a situation where really our one, and in many cases almost only, energy partner could say no to our energy products. We just cannot be in that kind of position.
Harper went on to say that the alternative to a pipeline south into the Gulf region of the United States was a pipeline west to reach the markets of Asia. Now fast forward a couple months, and the New York Times is reporting this:
While Joe Oliver, Canada’s minister of natural resources, said in an interview that the United States would remain Canada’s “most important customer,” billions of barrels of oil that would have been refined and used in the United States are now poised to head elsewhere. Expansion of Canada’s fast-growing oil-sands industry will be restricted by the lack of pipeline capacity before the decade’s end, he said, which “adds to the urgency of building them so that the resources will not be stranded.”
Three new pipeline network proposals — two that call for heading west and the other east — have been put forward.
In other words, Stephen Harper was not making an idle threat or a political statement. Canada is moving full speed ahead with plans to sell tar-sands oil to other consumers, particularly China.
Read the rest here.