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President Obama Caves to Environmental Lobby

By Ronald Bailey, Reason - January 18, 2012

The 1,700-mile Keystone XL pipeline from Alberta, Canada, would daily transport more than 500,000 barrels of oil derived from oil sands to the Gulf of Mexico. The U.S. already imports about 2 million barrels of oil per day from Canada. Since the pipeline crosses our border the president has the reponsibility to decide if it is in the national interest. President Obama under pressure from the environmental lobby punted on approving the pipeline - bravely putting off his decision until after the elections in November. In December, the Republicans in Congress passed legislation that required the president to make his decision by February 21st. Apparently, he now has.

 

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