Forget Keystone: Canada Prepares Pipeline for Chinese Customers

When President Obama put the brakes on the Keystone XL pipeline, the Canadians were left will an option, albeit one they really didn?t want to take.

Obama made them take it:

After President Obama refused to grant a permit for Keystone XL in January, Stephen Harper, Canada?s prime minister, indicated that he would never again be ?held hostage? to United States politics, saying that some Americans saw his country as ?one giant national park.? He said Canada would redirect oil that had been destined for Gulf Coast refineries to other countries, particularly China.

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.?

That?s just about according to plan. After all, the goal was to get the price of gas to around the same as Great Britain?s.

An increase in the supply of oil in the face of an increased demand wouldn?t help with that. Someone in the Obama administration understands enough about economics to get that.

Plus, this keeps Obama?s buddy Buffett?s trains in oil cargo.

It?s a win-win for Team Obama.

Hat Tip: <a href="http://www.breitbart.com/Big-Government/2012/06/14/Keystone-Fallout-As-Promised-Canada-Building-Pipelines-to-Sell-Oil-to-China?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BreitbartFeed+%28Breitbart+Feed%29&utm_content=Google+Reader? target=?_blank?>Breitbart

Related posts:

1. Sens. Vitter, Lugar & Hoeven Introduce Keystone XL Pipeline Legislation
2. BREAKING: Obama rejects Keystone pipeline
3. Warren Buffett to benefit from Obama?s job killing rejection of Keystone Pipeline
4. TransCanada Proceeds With New Pipeline Which Doesn?t Require Presidential Approval
5. Carney: Republicans ?forced? President Obama To Deny The Permit For The Keystone XL Pipeline

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