Townhall
Finance...
Obama’s
New Job Plan: Kill 400,000
Jobs Immediately
By John Ransom
November 14, 2011
The
decision by the Obama
administration to delay any action on the XL Keystone pipeline until
after the
election is a fitting development for an administration that has
pursued a
bankrupt energy policy, a bankrupt jobs policy and is quite literally
bankrupting the country with politics thinly veiled as policy.
And
the beauty for Obama in this
latest axe he’s taken to jobs in the USA is that he doesn’t even have
consider
Congress while he’s swinging it. He can kill close to a half-a-million
jobs all
on his own.
“The
State Department said Thursday it
would take up to 18 months to review alternative routes for the
Keystone
expansion,” reports MarketWatch, “so it avoids carrying heavy Canadian
crude
past Nebraska’s environmentally sensitive Sand Hills region and a major
regional aquifer.”
The
pipeline could ultimately supply
about a million barrels of Canadian oil to the US per day and 400,000
US jobs,
most of them almost immediately. But instead, the president, who has
been
railing against Congress for not passing another expensive jobs bill
just
killed 400,000 American jobs, while making sure the price of gas stays
high for
citizens.
And
despite everything the Obama
administration has done to slow down domestic development of oil and
gas
resources, the oil and gas sector is one of the fastest growing jobs
markets in
a very anemic job market. While other sectors are shedding jobs, oil
and gas is
hot.
“The
six fastest-growing jobs for
2010-11,” according to Economic Modeling Specialists Inc’s (EMSI)
latest
quarterly employment data, “are related to oil and gas extraction. This
includes service unit operators, derrick operators, rotary drill
operators, and
roustabouts. Each is expected to grow anywhere from 9% to 11% through
this
year, in an otherwise mostly stagnant economy.”
Imagine
what would happen if we could
get Obama to cooperate with creating jobs just a little bit.
The
State Department had already
issued an approval for the XL Keystone project back in August and it
was just
waiting on Obama’s desk for action.
Obama
could have approved the pipeline
easily on economic grounds- the project will create 20,000 construction
jobs,
plus another 350,000 ancillary jobs-
but
he’s being bullied by his friends on the left to stop the project in
its
tracks. The green meanies want him to put their anti-growth,
anti-development,
anti-job, misanthropic agenda above the welfare and prosperity of US
citizens…again.
And
he’s complied with them now
temporarily, likely with the message that if they get him reelected,
he’ll kill
the project permanently.
Environmental
whackos have been
getting arrested by appointment at the White House for the last two
months hoping
to put pressure on Obama to scuttle the most significant development in
energy
for our country in the last 50 years.
If
successful, the Keystone pipeline
will not only significantly reduce US imports of oil from place like
the Middle
East and Latin America, but it will also help open up huge new oil
resources in
the United States by providing the confidence to develop oil reserves
in the
Rocky Mountain region.
While
it’s estimated that Canada may
have as much as 2 trillion barrels of oil in reserves, “the U.S.
Geological
Survey estimates the [US] has 4.3 trillion barrels of in-place oil
shale
resources centered in Colorado, Utah and Wyoming, said Helen Hankins,
Colorado
director for the U.S. Bureau of Land Management” according to the
Associated
Press.
4.3
trillion barrels is 16 times the
reserves of Saudi Arabia or enough oil to supply the US for 600 years.
But
the newest delay has noting to do
with aquifers in Nebraska; rather it has to do with activists on the
left who
want no fossil energy development under any circumstances. Obama thinks
that if
he alienates these activists, that he can forget about reelection. He’s
already
alienated the right and center. The only place he has to go is to the
left.
The
left doesn’t care about jobs. They
only care about their agenda.
“The
road to viability for the oil
shale industry is reliant on a predictable regulatory structure and an
environment in which companies can invest in research and development
and
create jobs,” said Congressman Scott Tipton (R-CO), who has accused
Obama of
delaying the commercial extraction of shale oil by adding regulatory
obstacles.
“The
proper implementation of our
environmental and safety regulations already on the books is a far
better
strategy than adding additional layers of bureaucracy to the process,”
said
Tipton who held hearings on the subject in Colorado in the summer.
Earlier
this summer the high priest of
climate change, Nobel Prize winner, Al Gore blasted Obama for being
timid on
environmental matters, perhaps because he sensed a sell-out coming.
It
will be a tough sell to the
American people struggling under massive unemployment that the 400,000
jobs
that could have been created by Keystone aren’t more important than the
worries
of environmentalists who think that a grouse has more value than a baby.
After
all, the oil shipped through
Keystone will replace oil that is being purchased from countries that
don’t
like us very much. And
the project will
add good paying, US jobs.
And
this latest delay will undercut
Obama’s demand that Congress pass his jobs bill “immediately,” a demand
that
started before the bill had even been written.
“The
question, then, is, will Congress
do something?” the president said at a press conference when he
announced his
jobs bull, but before he presented it to Congress.
“If
Congress does something, then I
can’t run against a do-nothing Congress. If Congress does nothing, then
it’s
not a matter of me running against them. I think the American people
will run
them out of town, because they are frustrated.”
Frustrated?
Yeah.
Obama
still doesn’t understand the
half of it.
It
will be US Against Him until he’s
out of office.
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