It's Obama's fault...

[Danzig]

The pipeline is critical to Canada, which must have infrastructure in place to export its growing oil sands production from northern Alberta. The region has the world's third largest oil reserves with 170 billion barrels of proven reserves. Daily production of 1.5 million barrels from the oil sands is expected to increase to 3.7 million in 2025. Only Saudi Arabia and Venezuela have more reserves.

MacDougall said Harper also reiterated to Obama that Canada will look to sell its oil to Asia. Harper previously called Obama's decision to delay the Keystone XL delay a "wake up call" and said Canada is far too dependent on the U.S., which Canada relies on for 97 percent of its energy exports.

With the product of oil sands and pipeline delivery to the U.S. under perennial clouds of environmental objection, Canada wants to ensure a market for the growing production.

The price of North American oil also sells for less than oil sold internationally because of a glut of Canadian oil in Cushing, Oklahoma, so shipping the oil to Asia would command a better price.

Alberta Premier Alison Redford said Obama's decision strengthens Canada's resolve to pursue access to alternative markets.

http://www.msnbc.msn.com/id/46046024...il_and_energy/


was watching cnn this afternoon while huffing and puffing away on the treadmill at the gym; they said about 6k jobs to build the pipeline. of course i have no idea how many it takes to maintain it once it's in place-but you'd have to think a few thousand new jobs there would have an ancillary effect on economies in the regions the pipeline will traverse.
so, obama tells canada to forget it because he wants to play politics, because the republicans wanted to play politics. that's great! marvelous. once again the american public gets the shaft because our bozos in office want to try to play some stupid game.
meanwhile, canada will still do what they've got to do, but now maybe another country-they mentioned china- will reap the benefits. that's just fantastic.