Everyone agrees that the 2012 election will be about jobs and the economy. Two years into a “recovery,” America still suffers from record high unemployment and underemployment. Politicians are searching far and wide for ways to generate more jobs and economic opportunity.
That’s why the Obama administration’s decision to reject the Keystone XL pipeline is so stunning. The pipeline would carry oil from the oil sands fields of Western Canada to refineries on the Gulf of Mexico and generate as many as 20,000 new jobs, many in construction.
The proposal has overwhelming public support, including strong support from many Democrats as well as national labor unions.
The pipeline would further energy independence, i.e., access to energy supplies from friendly sources, a stated goal of Republican and Democratic presidential campaigns since the 1970s. Yet the administration still said no to this project.
So we have to ask: who exactly is happy with this decision?