Here's the sort of thing that happens when we let the Obama Administration make business decisions:
A speculative “green” energy project that in retrospect, once the rest
of us saw the details, was obviously going to be a business disaster,
and ended up costing the taxpayers over half a billion dollars, was
approved after a “one-day review.” Yet the president demanded that
Keystone, a project with certain and vast energy output, be delayed for
many more months so that it could be “adequately reviewed,” despite the
fact that it had already had years of review. And as a result our
energy prices will now rise in the future, with no way of returning to
the status quo. Just as the president told us he wanted them to when he
ran four years ago.
And then there's this "smart diplomacy" from the Administration:
Canada: After Keystone, We'd Rather Sell Oil to China
Solyndra is no longer the administration's biggest energy blunder. Canadian Prime Minister Stephen Harper appeared a think tank event held in Washington yesterday. During an interview Harper explained that President Obama's rejection of the Keystone pipeline had forced Canada to change course in ways that will permanently affect Canada's approach to its own energy market.
Obama could have approved the pipeline, added 30,000 jobs to the
economy, and insured the most secure oil source for our future. Instead,
he chose to kill the pipeline and the jobs and, in the process, insured
that America will pay more for the oil it does buy. It's hard to
imagine a worse decision, especially since it was all so Obama could
deny Republicans a win in the run-up to the next election.
